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Roku, Inc. ROKU was a big mover last session, as the company saw its shares rise more than 7% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $31.02 to $36.08 in the past one-month time frame.
The upside was driven by rumors of a potential buyout of the company.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past month, while the Zacks Consensus Estimate has moved higher in the said period. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Roku currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.
Roku, Inc. Price
Roku, Inc. Price | Roku, Inc. Quote
Another stock worth considering in the Broadcast Radio and Television industry is Salem Media Group, Inc. SALM which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ROKU going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
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Salem Media Group, Inc. (SALM) : Free Stock Analysis Report
Roku, Inc. (ROKU) : Free Stock Analysis Report
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