56.95 -0.08 (-0.14%)
After hours: 7:53PM EDT
|Bid||57.00 x 800|
|Ask||57.05 x 800|
|Day's Range||54.97 - 57.75|
|52 Week Range||15.75 - 60.65|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||54.10|
TiVo (NASDAQ:TIVO) — the company that pioneered the recording of live cable TV shows — peaked at the turn of the century. News of this potential Amazon TiVo competitor was enough to send TIVO stock tumbling on Friday, closing down 4.3%. Bloomberg published a report Friday morning that Amazon is working on a “digital video recorder for the streaming era.” According to Bloomberg’s sources, the device incorporates physical storage and can record live programming from cable TV.
News that China trade talks will restart soon fueled a nice rally on Wall Street Thursday. Blue-chips Boeing, Walmart and Cisco Systems outperformed.
This has been a market that favors high-growth stocks and not value plays. Obviously, the rising tide of the nine-year-plus bull market has lifted value boats as well. But clearly, the market of late has prioritized revenue growth over profit growth, to the point that many longtime value investors are in something close to despair.
Roku (NASDAQ:ROKU) already had a solid price chart heading into its quarterly report. Today, we’ll identify how to score some cash flow off of ROKU stock’s continued dominance. The $58 zone spelled the peak for ROKU stock back then, and this is the first time it has been tested since.
After starting off higher on the day, U.S. indices had trouble maintaining altitude throughout the trading session. Worries over Turkey combined with a strong rally over the past six weeks is likely acting as a catalyst for profit taking. Let’s see if there are any opportunities for our top stock trades.Top Stock Trades for Tomorrow #1: Advanced Micro (AMD)
When it comes to hyper-growth streaming device maker Roku (NASDAQ:ROKU), you can’t just write off competitive threats. As of this writing, ROKU stock had fallen about 4% to $50. Clearly, the narrative surrounding ROKU stock has dramatically changed course, and rightly so.
Shares of Roku (NASDAQ:ROKU) have been on a monster run following the latest earnings report last Wednesday. ROKU stock hit an all-time high Friday as investors continue to cheer the perceived unbridled growth prospects for the streaming device maker. ROKU stock is priced for perfection.
Streaming-TV platform Roku (ticker: ROKU) jumped 21.3% the day after its earnings release, and local business-review database Yelp (YELP) shot up 26.7%. Where do they go from here? Senior analyst, Wells ...
On a day when hyper-growth tech stocks Roku (NASDAQ:ROKU) and Yelp (NASDAQ:YELP) reported strong numbers and shot up more than 20%, it is easy for casual market observers to look over Jack in the Box’s (NASDAQ:JACK) third quarter earnings report. JACK stock is really heating up. Jack in the Box reported a very strong double-beat quarter wherein comparable sales growth finally came back into positive territory after a multi-quarter stint below zero.
MARKET PULSE Roku Inc. (roku) stock rose to a record high in late morning trading Thursday, two days after the company released second-quarter earnings that handily beat Wall Street expectations. Roku stock is up 4.
Like so many growth stocks, Roku (NASDAQ:ROKU) is a story stock. With profits still negative — and even Adjusted EBITDA barely positive — valuing ROKU stock is difficult from a fundamental perspective. In this case, I like the story behind Roku.
NEW YORK, NY / ACCESSWIRE / August 10, 2018 / Roku and Yelp were two of the biggest winners in the market in Thursday trading, both soaring after solid second quarter financial results. Roku, Inc. shares closed up 21.31% on about 39 million shares traded yesterday. For the quarter, Roku reported a profit of $526 million, compared with a loss of $15.5 million a year ago.
Roku Inc.'s Roku Channel ( ROKU), the free streaming content provider that competes against the likes of Netflix Inc. ( NFLX), could be worth $1 billion and may draw attention from would-be suitors. Roku’s move to make its advertisement supported Roku Channel, which streams movies and live news available over the Internet for computers and mobile devices, helps Roku Channel near a $1 billion valuation, according to Needham & Co. In a research note covered by MarketWatch, Needham analyst Laura Martin said by moving its service to the Web Roku should increase the number of active users and thus its revenue prospects.
Shares of the streaming content play exploded 21% to $57.33 on Thursday following an upbeat second quarter and annual outlook. TheStreet thinks Roku Chief Financial Officer Steve Louden perfectly captured why the market responded so enthusiastically. Wall Street is now locked in on big profit potential as Roku gains more users and increases average revenue per user.
Roku soared into a buy zone early Thursday, trying to join Apple, Alphabet, Paycom and other top stocks breaking out on earnings. But Bandwidth's Wednesday breakout was different.
Roku stock was a top gainer on Wall Street Thursday as the Nasdaq drew closer to an all-time high. Roku was one of several stocks that gapped up on earnings.
Apple posted a new high, adding to the overall bullish picture by the Nasdaq composite. Telecom, software and consumer-oriented sectors also rose in stocks today.
The stock market was broadly higher Thursday, as the major indexes neared their record highs. IPO stock Roku broke out past a buy point.
Ask Roku's Chief Financial Officer Steve Louden if a growth top in users and streaming hours are near, and one would come away thinking another growth wave that unlocks some big profit beats is approaching. "We think there is a massive opportunity long-term," Louden told TheStreet Wednesday when asked about Roku's earnings potential. Louden says Roku continues to invest aggressively in research and development and marketing to support future earnings growth.
Today’s topics include Tesla troubles, Amazon health care, sports betting at Buffalo Wild Wings, and the Florida teacher with the same name as a professional golfer who found $154,000 of winnings in his bank account. Catch The Final Round at 3:55 ET p.m. with Yahoo Finance’s Jen Rogers, Rick Newman, Dan Roberts, and Jared Blikre.
Roku Inc.’s rally may just be getting started after the stock jumped 23 percent on better-than-expected earnings. Keybanc analyst Evan Wingren boosted his price target to a street-high of $67, or 42 percent higher to where the shares closed Wednesday. Wingren cites Roku’s operating system, data-driven advertising platform and The Roku Channel as areas ripe for growth.
Roku Inc. stock shoots up following a surprise profit, a top-line beat and the launch of its free streaming channel on the web.
Shares of Roku (ROKU) are up 19.8% in Thursday trading after the company reported better-than-expected results and announced the launch of a new ad-supported web channel. KeyBanc Capital Markets analyst Evan Wingren upped his price target on the stock to $67 from $50 following the Wednesday-afternoon earnings report and announcement regarding the Roku Channel. “The expansion of The Roku Channel (TRC) has potential to be transformative long term,” Wingren wrote.
Revered Marijuana Magazine’s Parent Launches Over-the-Top Video Available on Roku, Apple TV By John Jannarone The parent of High Times magazine will soon announce the formal launch of a streaming-video product dedicated to marijuana, delivering a Netflix-like format to a growing audience of enthusiasts, the company has told IPO Edge exclusively. The channel, called High […]