42.89 -0.31 (-0.71%)
After hours: 4:11PM EST
|Bid||43.00 x 1000|
|Ask||43.20 x 3000|
|Day's Range||41.72 - 43.95|
|52 Week Range||29.01 - 77.57|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||67.67|
Firsthand Technology Value Fund, Inc. (SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of October 31, 2018, were Pivotal Systems, Revasum, IntraOp Medical, QMAT, and Roku.
The lease expansion comes as Roku showed in its most recent financial report filed with the federal government that the company is growing increasingly fast.
It’s not a good time to be a young newly-traded tech company. Despite a Q3 earnings report that in many ways exceeded expectations, investors have pushed Roku (NASDAQ:ROKU) stock into free fall. Since the beginning of October, ROKU stock has lost about 45% of its value.
Investors were spooked by more worries on the trade front with indications President Trump is set to tighten the clamp further with possible tariffs on imported vehicles. Roku (NASDAQ:ROKU) shares have reversed sharply lower, crashing down through their 200-day moving average for the first time since the company IPO’d back in February.
Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:00 a.m. ET.
NEW YORK, Nov. 12, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
It’s more than okay to put Roku (NASDAQ:ROKU) shares on your buy or watch list for its long-term growth potential following a questionable earnings disappointment and “over-the-top” reaction from investors. Late last week, ROKU investors were unpleasantly greeted by the risky side of momentum investing in a more challenging investing environment much less forgiving of anything other than perfection. By the numbers, Roku stock, the market’s largest “over-the-top” or OTT streaming television provider, announced solid Q3 results which topped the Street’s top and bottom lines and saw mid-double-digit sales growth of nearly 39%. The net result found investors pulling the plug with ROKU shares plunging 22%.
Shares of Roku Inc. are on track to post their largest single-day percentage drop on record Thursday after the company missed expectations on a few key financial metrics, but analysts are as upbeat as ever about the company’s prospects.
The Dow Jones industrial average held firm despite some negative news on the U.S.-Canada trade front. Oil stocks dropped hard. Some companies fell hard on quarterly results.
On Wednesday, Roku (NASDAQ:ROKU) reported earnings that beat estimates. Although I believe ROKU’s management will successfully take the necessary steps to grow the company profitably in the long run, I do not think Roku stock will repeat its past exponential up move in the next few months. Thus, investors should not rush to hit the buy button in ROKU shares yet.
Roku Inc.'s ( ROKU) stock has dropped by 43% since the beginning of October. Now, technical analysis suggests the stock may fall an additional 14% from its current price of approximately $44.00 around 11 AM on November 9. Analysts are cutting their forecast for the next two years, despite the strong results, because revenue growth appears to be slowing.
Roku shares plunge following third-quarter earnings. Yahoo Finance talked with Roku founder and CEO Anthony Wood about the quarter and its outlook.
U.S. stock futures are trading lower this morning after the Federal Reserve reaffirmed its commitment to further rate hikes. Since peaking at $77.57 just over one month ago, ROKU stock has shed a massive 41%.
Roku, which had gone into earnings up over 300% from its $14 Sept. 2017 IPO price, fell 22% on Thursday after it beat Q3 estimates but missed expectations for its high-margin "Platform" revenue, which covers things like ad sales, smart TV licensing fees and a "content distribution" business that takes a cut on subscription sign-ups and content purchases that happen on Roku's platform. In addition, while Roku's Q4 revenue guidance of $255 million to $265 million is above a $258.8 million consensus at its $260 million midpoint, gross profit guidance of $103 million to $110 million is below a $109 million consensus at its $106.5 million midpoint. On the earnings call, CFO Steve Louden noted a mix shift within Platform revenue -- it accounts for the lion's share of Roku's gross profit -- toward video ads, together with seasonal weakness for Roku's Player (hardware) margins, will weigh on Q4 margins.
Headed into the last trading day of the week, it’s the stock charts of Intel (NASDAQ:INTC), Marathon Oil (NYSE:MRO) and Juniper Networks (NYSE:JNPR) that look the most promising. It was only a few days ago Intel was put under the trading microscope after it failed to move back above a key moving average line. Intel pushed above that level on Wednesday, and widened the gap a little more on Thursday.
The company reported financial results that included projected fourth-quarter losses that were wider than what Wall Street expected.
Roku stock fell after the streaming video platform reported decelerating growth in Q3. Roku also is facing new competition from cable giant Comcast.
Streaming video platform Roku late Wednesday beat Wall Street analyst estimates for the third quarter. But Roku stock tumbled in extended trading, falling by double digits after hours.
The stock market tone continued to improve Wednesday. The Dow Jones and S&P 500 index shot up 2.1% while the Nasdaq composite gained 2.6%, all in higher volume
The tech-heavy Nasdaq was sharply lower early Thursday, lagging the other major indexes. Square and Roku plunged on earnings.
Plus, Nearly $50 Value in Entertainment from Sling TV and SHOWTIME with Purchase of a New Roku Device
After initially rallying on the results, TTWO stock is actually down around 4%. Below this mark and conservative investors can stop out of the trade. A move back over the 50-day and 100-day moving averages could trigger a breakout over $130.
Shares of streaming device maker Roku (NASDAQ:ROKU) plunged as much as 20% on Thursday after the company reported third-quarter numbers that ostensibly were very strong. Because Platform revenue was just $100 million in the quarter, versus expectations for $103 million, and ARPU (average revenue per user) was $17.34, versus expectations for $17.44.
Yahoo Finance's Julie Hyman discusses todays stocks on the move in midday trading.
Yahoo Finance's Adam Shapiro, Julie Hyman, Brian Sozzi and Dan Roberts discuss Roku's 2018 Q3 earnings and the company's growth with Founder and CEO Anthony Wood.