37.16 -0.10 (-0.27%)
After hours: 4:16PM EST
|Bid||37.36 x 100|
|Ask||37.37 x 800|
|Day's range||37.19 - 39.42|
|52-week range||15.75 - 48.80|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||27.20|
Anthony Wood, who incubated streaming-media company Roku while working at Netflix, has become a billionaire after the company’s stock has more than doubled in three days.
While much of the focus on OTT has been on ad-free networks like Netflix, companies like Roku and Beachfront Media are quiety creating a multimillion dollar business around ad-supported OTT. A look inside this booming market and why it is destined to be the wave of the future.
Shares of recent IPO Roku spiked to a third record high in as many days on Tuesday, but one Wall Street firm thinks the rally is overdone.
Roku’s stock price has nearly doubled since the start of the month, and one analyst thinks the rally has gone too far. Oppenheimer’s Jason Helfstein downgraded Roku shares to Underperform on Tuesday, noting that the stock looks pricey after its huge rally. Investors seem to be focusing more on Roku’s faster growing platform segment, which includes components like ad revenue.
Oppenheimer on Tuesday lowers its rating to underperform from perform for Roku shares, citing the company's excessive valuation.
Buffalo Wild Wings, Dick's Sporting Goods, Amazon and Roku are among the stocks to watch.
The company said the licensing partnership with Japan's Funai Electric Co Ltd, which manufactures Philips N.V. televisions for North American, would place its operating system on Philips' smart TVs. Roku also said that it would give a $20 discount on its $69.99-priced streaming stick for the Black Friday weekend, and separately said its customer would get a free one-month trial of AT&T Inc's streaming service DirecTV Now. The barrage of news was well received by investors, who sent Roku's shares jumping 28.5 percent to close at $42.71 on Monday.
Analytics company S3 Partners today wants you to know that the 122% rise in shares of newly public streaming media pioneers Roku (ROKU) since its earnings report on Wednesday is a product of bullish investors piling on, not a results of the shorts running for cover. Writes the firm’s managing director for predictive analytics, Ihor Dusaniwsky, ROKU’s short interest has increased since its IPO, but has remained relatively flat in November. There was no short covering in size that would explain ROKU’s 130% price move [in the past three days], the price move was solely due to long shareholders bidding up ROKU’s stock price.
As Roku emphasizes its future in streaming, its shares have jumped more than 125% since the Silicon Valley firm reported earnings for the first time last Wednesday.
Shares of streaming video firm Roku have risen nearly 127% since the company's third-quarter earnings report late Wednesday.
Even by the turbo-charged standards of Silicon Valley, the three-day surge in the fortune of Anthony Wood has been meteoric.
Roku, Inc. today announced that Funai Electric has joined the Roku TV™ licensing program. Funai Electric will leverage the Roku TV platform to build and deliver smart TVs under the Philips brand that run the Roku® OS.
Roku, Inc. today announced it is offering a deep holiday discount on the new and award-winning Roku® Streaming Stick®+ across retailers nationwide for the Black Friday weekend.
Last week's third biggest Nasdaq gainer was the leader in streaming-media set-top boxes, skyrocketing on back-to-back days after a monster third quarter.
Shares of Roku (ROKU) climbed more than 13% on Friday after news of the company's acquisition of Dynastrom, a Danish firm focused multi-room audio software, spread throughout the market.
Surrounded by more questions than answers, the young streaming media stock suffered some extreme volatility in its first month on the market. In early November, doubters and short-sellers were shocked by a stellar earnings report.
Roku blew away analysts’ expectations on Wednesday afternoon when it reported its first quarterly results since its September IPO. A day later, its stock blew past analysts’ newly revised price targets. Needham’s Laura Martin, for instance, upped her 12-month Roku price target to $28 shortly after the release.