Roku $ROKU Rockets 50% Higher After First Earnings Report Since IPO

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    Super Harley



    I looked at it and it was up 26% – wow 50% now – this after yesterday’s $SNAP – the casino is open.


    ^^^ +1 and +1 …. They are doing well in the era of smart TVs & “cord cutting” (moving away from cable or satellite TV services)


    Y – Amazon TV used to have AAPL TV – only changed because got stolen 🙂 I have satellite as only way I can get some of the Rugby League etc but only have it during the season 🙂

    What are the advantages of ROKU over AAPL or AMZN I wonder – I guess I should look 🙂


    Actually as a former direct TV subscriber, I enjoyed the services but the bills kept getting higher & higher (at they “got ya”) … as to me it’s unreasonable to pay $100 per month (verses getting most things but 24×7 NEWS & Sports channels via streaming) …. I’ve actually went more non-TV and usually find some free older Sci-Fi movies from 1960s on U-Tube (where I download to mp4 format & view flawlessly without the buffering or bandwidth issues associated with streaming)


    Well this held up – Roku Inc NASDAQ: ROKU · November 9 Close 29.19 ▲ 10.35 (54.94%)


    ROKU up another 20% today


    The ROKU Beast


    Roku $ROKU shares are up 6% after it’s announced a licensing program providing for OEM brands to build home entertainment device makers to build around the Roku Connect software.

    That could mean smart speakers and soundbars along with multi-room audio systems and TVs working together with wireless connections and controlled by a voice remote.

    Lead OEM partner TCL will announce plans to offer the first device under the program at CES on Monday.



    [b]ROKU scheduled to report Q4 results after the market close on Wednesday.
    Analysts expect Roku to post an adjusted loss of 11 cents a share on sales of $183 million.

    Key will be growth metrics :
    Active user base – In Q3 Roku said active accounts increased 48% year over year to 16.7 million,
    Streaming hours – In Q3 Roku streaming hours grew 58% to 3.8 billion hours
    Average revenue per user in Q3 climbed 37% to $12.68.


    Wedbush raised its price target on Roku to $105 from $65

    Wedbush said Roku has “substantial” growth opportunities.

    “Roku has built an exceptional platform on the back of its players, and as it expands in the rapidly growing Smart TV category, it has positioned itself as best in class for OTT advertising and is poised for international expansion. ”

    Market Summary > Roku Inc
    93.36 USD +1.06 (1.15%)
    Jun 27, 11:00 AM EDT


    SunTrust raised its price target on Roku to $163 from $60

    “We remain positive on Roku’s execution, fundamentals, and strategic value and our concern over the company’s 2019 outlook versus consensus has kept us incorrectly on the sidelines. However, we are not chasing the stock here and maintain the Hold rating for 2 reasons:
    1) valuation (absolute and relative to the market and peers) is back near-highs since IPO; and
    2) we do not view 2019 Platform revenue as conservative given the implied reacceleration in revenue dollar growth.”

    Super Harley

    Morgan Stanley downgraded Roku to ‘underweight’ from ‘equal weight’

    Morgan Stanley said in its downgraded that revenue and gross profit growth will slow meaningfully in 2020.

    “Roku continues to execute a sound strategy to capitalize on the shift to streaming. However, we believe there are risks to growth expectations not reflected in current valuation levels. Specifically, we think revenue and gross profit growth slow meaningfully in ’20 and the multiple compresses.”

    “Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. As a result, we see the risk/reward skewed to the downside. Roku’s valuation levels have surged past digital media players and even past high-growth SAAS [software as a service] companies … despite structurally lower gross margins,” Morgan Stanley analyst Benjamin Swinburne said in a note to investors. The note was titled, “It’s all priced in.”

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