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Roku Inc. Nasdaq Global Select
Open: $413.59 High: $425 Low: $400 Close: $410.09
Range: 2021-02-24 - 2021-02-25
Volume: 4,652,268
Market: Open
Powered by Finage Stock APIDelayed data
Roku Inc. 150 Winchester Circle Los Gatos CA, 95032
Roku Inc operates TV streaming platform in the United States. Its TV streaming platform allows users to discover and access a variety of movies and TV episodes, as well as live sports, music, news and more.
  • CEO: Anthony Wood
  • Employees: 817
  • Sector: Communication Services
  • Industry: Communication Services
Latest news about the ROKU
  • ARK Innovation ETF Plunges on Tesla, Roku Pullback

    ARK Innovation's losses are mostly due to the pullback in tech stocks, especially in some of its largest holdings.

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    The Ark Innovation ETF has been a top performer. The Ark Innovation ETF (ARKK) holds 52 stocks of companies selected by Cathie Wood, founder and CEO of ARK Invest, that are involved with innovation in various technology, products or services. The actively managed exchange traded fund was established on Oct. 31, 2014.

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  • Roku Is Ready For The Next Level

    Roku Inc (NASDAQ: ROKU) has been on fire due to its impressive revenue and account growth rates that were additionally fueled by lockdowns and new streaming entrants. Besides ending a record year with a profitable quarter despite Wall Street expecting a loss, there's more to come as advertising dollars are shifting from linear television to streaming. The rise of streaming services on Roku like Walt Disney Co's (NYSE: DIS) Disney+, AT&T Inc.'s (NYSE: T) HBO Max, and NBC Universal's Peacock will only continue to drive the cord-cutting trend. Roku's growth prospects are now even more favorable as dominant streaming services such as Netflix Inc (NASDAQ: NFLX) showed strong growth trends, despite the emergence of Apple Inc's (NASDAQ: AAPL) Apple TV+ and Disney's + that managed to beat its four-year goal in just 14 months by reaching 94.9 million subscribers. As the cord-cutting trend continues and Roku continues its international expansion, any concerns regarding its valuation should begin fading away. Roku Rides Streaming Wave During The Fourth Quarter For the fourth quarter, the streaming company reported a record revenue of $649.9 million as it shot up 58% from a year ago. Income from operations swung from a loss of $17.4 million in the year-earlier quarter to a profit of $65.2 million, or 13 cents a share, whereas Wall Street analysts had expected a net loss of 5 cents a share, according to FactSet. 17 billion streamed hours in the quarter contributed to more than 58 billion hours in 2020, with both figures representing a 55% YoY increase. The company's interface is in 38% of all smart-TVs made in the U.S. The company does not break out a specific line item for ad revenue, but total platform revenue which includes advertising soared 81% in the quarter. 2020 Roku has been one of the biggest beneficiaries of the pandemic lockdowns. Over 2020, approximately 14.3 million active users entered Roku's kingdom, making a total of 51.2 million active accounts at year-end, which is a YoY increase of 39%. Perhaps the biggest event of 2020 was the long-awaited distribution deal with WarnerMedia for HBO MAX. But Roku also negotiated the acquisition of Quibi's content library that it revealed in January, although it's still unknown when the content will be released. Original content could turn The Roku Channel from the channel users select when they can't find anything good to watch to an appealing streaming destination. Additionally, the 41% market share of the most-streamed sporting event to date, Super Bowl LV, is merely an additional tailwind for Roku's advertising appeal. Outlook Time will tell what the new trends are as COVID-19 recedes. Nevertheless, consumers learned that they can view even the most current theatrical content from the comfort of their own homes. Roku has delivered a blowout quarter and even the fact that total revenue growth slowed between the third and fourth quarter is not a deal-breaker as the holiday quarter gets historically weighed down due to low-margin Roku devices being popular holiday gifts. The heart of Roku's success is the higher-margin, its fast growth, and the fact it thrived with new streaming entrants despite analysts mistakenly expecting the opposite. The growing and engaged audience that resulted in 81% platform revenue growth in the fourth quarter makes it obvious why Roku is appealing to both advertisers and investors. More importantly, Roku has plenty of more room to run as it keeps expanding across the globe because streaming is a global opportunity. This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: The post Roku's Ready for the Next Level appeared first on IAM Newswire. Photo by Kelly Sikkema on Unsplash See more from BenzingaClick here for options trades from BenzingaTraditional Automakers Are Making The Transition To Electric With These Ambitious EV PlansWhat Went Wrong In Walmart's Success Story?© 2021 Benzinga does not provide investment advice. All rights reserved.

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  • Roku (ROKU) Extends Rally After Strong Q4 Earnings

    Roku (ROKU) shares moved sharply higher on Friday after its fourth quarter earnings came in well above consensus estimates.

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  • Roku Had A 'Stellar' Quarter, But Is The Stock Valued Too High Right Now?

    Streaming video company Roku Inc (NASDAQ: ROKU) reported fourth-quarter results that came in better than expected but not all analysts were equally impressed. The Roku Analysts: Rosenblatt Securities analyst Mark Zgutowicz maintains a Buy rating on Roku's stock with a price target lifted from $420 to $560. Needham analyst Laura Martin maintains a Buy rating on Roku with a price target lifted from $400 to $550. Wedbush analyst Michael Pachter maintains a Neutral rating on Roku with an unchanged $475 price target. 'Stellar Quarter': Roku reported another "stellar quarter" highlighted by the Roku Channel growing at twice the rate of the overall platform, Zgutowicz wrote in a note. In fact, the Roku Channel strength is "bursting at the seams" and now reaches 63 million household viewers. View more earnings on ROKU Management's focus on building out the Roku Channel through expanding content will translate to more viewers and by default more advertisers on the platform. Roku's CPM is nearly one-third the cost of what Facebook charges so there is reason to believe "we're still in inning #1" of Roku's advertising business buildout. The recent acquisition of Quibi's content is part of management's strategy to enhance and differentiate itself, the analyst wrote. investors should expect to see more exclusive content acquisitions "very soon." Related Link: Is Roku Pushing Into Original Content? 8 Takeaways From The Earnings Call: Roku's management hosted a post-earnings conference call with analysts and eight key takeaways support an incremental bullish stance on the stock, Martin wrote in a note. These include: Fourth-quarter EBITDA of $113.5 million was nearly three times higher than expected. Roku's installed base of unique homes rose by 5.2 million to 51.2 million Active Accounts and represents nearly 50% of all US Connected TV homes. Disputes between Roku and TCL appear "behind them" as the two are working on a UK and Brazil launch in 2021. Whenever a user signs up for a paid subscription (i.e Netflix) within Roku's platform, the company keeps an estimated 20% commission for the life of the customer. This proposition continues to grow with new streaming video on demand entrants. Some advertisers are generating superior returns on investments on Roku versus other large social media platforms and there is plenty of upside for continued growth. Roughly 50% of Roku's total 46 million homes are watching the Roku Channel at least once a month. Roku's 100% always logged-in first-party data is becoming more valuable. Roku's average revenue per user over a trailing 12-month period was up 24% at $28.76. Valuation Concerns: Roku's "substantial" revenue growth and profitability profile should continue expanding moving forward, but Pachter said the stock's valuation is too rich at current levels. Specifically, Roku's EV-to-EBITDA multiple of nearly 100 times on 2023 EBITDA is simply a "rich valuation" despite "sustainable" revenue growth. ROKU Price Action: Shares of Roku were trading higher by 2.5% at $464.36. Latest Ratings for ROKU DateFirmActionFromTo Feb 2021Wells FargoMaintainsOverweight Feb 2021RosenblattMaintainsBuy Feb 2021NeedhamMaintainsBuy View More Analyst Ratings for ROKU View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaGuy Fieri, Mariah Carey And More Celebrities Launching A Ghost Kitchen ConceptWhy This Kraft Heinz Analyst Sees Room For More Upside After 2-Day Rally© 2021 Benzinga does not provide investment advice. All rights reserved.

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  • Don’t Shy Away From the Roku Stock Rally — It’s Going Higher

    The uptrend in shares of streaming TV platform Roku (NASDAQ:ROKU) refuses to stop. A year ago, this was a $100 stock. Today, the ROKU stock price clocks in above $450, with shares heading higher today after the company reported blockbuster fourth-quarter numbers. Source: JHVEPhoto / That’s the good news for shareholders. But here’s the better news for folks who have yet to buy ROKU stock: This one is just going to keep on pushing higher. Roku is turning into the globally ubiquitous “cable box of streaming TV”. In essence, by 2030 — when everyone is watching all their media through streaming TV — most folks in the world will be accessing those services through the Roku operating system.InvestorPlace - Stock Market News, Stock Advice & Trading Tips That means this platform will one day have hundreds of millions of active accounts. Today, it has just 50 million active accounts. And the company is barely scratching the surface when it comes to monetizing those accounts, since the bulk of TV ad dollars ($160 billion, to be exact) are still sitting in the linear TV channel, just waiting to chase eyeballs into the streaming channel. I’m Revealing the Next Amazon Stock for FREE on Tuesday, Feb. 23 — Join Me Here! Big picture? Roku is still in the first inning of turning into the global cable box of streaming TV. Over the next several years, the company’s user base, revenues, profits, and stock price will all soar. Here’s a deeper look. Great Quarterly Numbers Roku’s fourth-quarter earnings report was great, as every import key performance metric accelerated in the last three months of 2020. The company added 5.2 million active accounts in the quarter — the most ever. The use base grew by nearly 40% year-over-year, on-par with previous quarter growth rates. Streaming hours rose 45% year-over-year, leading to average revenue per user growth of 24% — the company’s best ARPU growth rate since Covid-19 struck. Revenues rose 58% year-over-year — its third-best revenue growth rate as public company. Player gross margins expanded 310 basis points. Platform gross margins expanded 130 basis points. Opex dollars only rose 34% year-over-year, against the backdrop of nearly 60% revenue growth, leading to 14 points of EBITDA margin expansion. EBITDA dollars rose by 650% year-over-year. Yes. You read that right. 650% EBITDA growth. From head to toe, the earnings report was awesome. It broadly underscored that, thanks to the Covid-19 pandemic accelerating the shift toward CTV, Roku is firing on all cylinders today. This momentum will persist for the foreseeable future. So will the uptrend in ROKU stock. All the Right Moves More important than the quarterly numbers, Roku is making all the right moves today to ensure that the company remains the best-in-class operating system in the streaming TV world. Roku got to where it is today — the most dominant streaming TV ecosystem in the world — by creating the industry’s most intuitive and user-friendly OS. The launch of Roku OS 9 only builds on this central value prop, with new features like a live TV channel guide that continue to make the Roku OS the best OS in the game. Meanwhile, Roku continues to leverage its best-in-class OS to grow its Roku TV business. Not surprisingly, because the ROKU OS is so good, that TV makers that are partnering with Roku to make Roku TVs are gaining market share. That’s a favorable dynamic, which means that more and more TV makers will partner with Rou going forward (they want to gain market share, too). Roku’s software innovations are also impressive. The in-house Roku Channel continues to acquire more content, which is driving higher engagement. In the quarter, the Roku Channel reached U.S. households with an estimated 63 million people, up more than 100% year-over-year. At the same time, the company’s new Roku Pay ecosystem (in which consumers can just enter payment info once and seamlessly subscribe-to/buy anything through Roku) is a step in the right direction toward improving functionality of the Roku OS. On the ad tech side, Roku’s rebranded OneView Ad Platform is getting better and better by the day, with more and more functionalities and capabilities related to targeted advertising. This is leading to increased spend through OneView. And, finally, Roku continues to expand internationally. In 2020, Roku TV was the top-selling smart TV OS in Canada. In Brazil, the company continues to make progress, while in Mexico, Roku increased the number of Roku TV brands from three to seven. Meanwhile, in the UK, the Roku Channel added Premier League games to its content suite. I’m Revealing the Next Amazon Stock for FREE on Tuesday, Feb. 23 — Join Me Here! These are all great developments. And they all broadly underscore one thing: ROKU stock is a winner. Bottom Line on ROKU Stock ROKU stock is one of the best long-term growth stocks in the market today. Over the next decade, it will head way, way higher. But it’s not the best growth stock to buy today. Instead, the best growth stock to buy today is a company that reminds me of a young Amazon (NASDAQ:AMZN). Indeed, I think buying this stock today could be like buying AMZN stock back in 1997 — before it soared thousands of percent. Which stock am I talking about? Click here to find out. P.S. If you’ve been following my work, you know I’m extremely bullish on innovation. And right now, we have rarely seen such opportune moments throughout history to invest in innovation. While I have many stocks on my watch list that excite me, there’s one stock in particular that I’m absolutely giddy about. And I’ll be giving this stock pick away – for FREE – at my first-ever Exponential Growth Summit on Feb. 23, at 4 p.m. EST. In anticipation of this event, I’ve included my free primer explaining exactly why I’m so excited about this stock – click here now to register and get your free report sent directly to your inbox. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. It’s how his Daily 10X Report has averaged up to a ridiculous 100% return across all recommendations since launching last May. Click here to see how he does it. More From Hypergrowth Investing FuboTV Stock Is Heading to $200. Buy It Before It Goes Parabolic The Best Stocks to Buy in the Market Today, According to Jeff Bezos 7 Explosive Cryptocurrencies to Buy After the Bitcoin Halvening 15 EV Stocks to Buy as GM Goes All-Electric The post Don’t Shy Away From the Roku Stock Rally — It’s Going Higher appeared first on InvestorPlace.

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  • Dow Rallies As Bitcoin Jumps Above $54,000; Apple, Tesla Look To Rebound, While Applied Materials Soars On Earnings

    The Dow Jones Industrial Average rallied 100 points Friday as Bitcoin topped $54,000. Apple and Tesla stock are trying to rebound from key levels.

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  • Roku’s Surprise Profit Is Raising Hope About the Stock

    Wall Street analysts are raising their targets for the stock. According to FactSet, the mean target was at $452.61 on Friday, up from $343.15 earlier in the week.

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  • Dow Jones Futures: Stress Test Your Portfolio; Apple, Nio Flash Sell Signals; Roku Leads Earnings Movers

    As the market fights a pullback, it's time to stress test your portfolio. Apple and Nio flashed sell signals. Roku rose on earnings.

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  • Digital Ad Duopoly Of Google, Facebook Doesn't Dominate In Fast-Growing Connected TV

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  • Roku Posts Surprise Profit In 4Q; Surpasses 50M Active Accounts

    Roku posted a profit for the fourth quarter, surprising investors. Additionally, the company surpassed 50 million active accounts, ending 4Q with 51.2 million active accounts. The digital media player company reported diluted earnings per share (EPS) of $0.49, when analysts were expecting a loss of $0.05 per share. Roku’s (ROKU) revenues came in at $649.9 million, up by 58% year-on-year and beating consensus expectations of $617.7 million. Roku stated in its letter to shareholders, “In 2020, the Roku OS was the No. 1 smart TV operating system in the U.S. with 38% unit share of smart TVs sold. Despite a pandemic-related advertising slowdown in the U.S., our advertising business proved resilient with Q4 Roku monetized video advertising impressions more than doubling year-over-year, as advertisers increasingly followed users from traditional pay TV to streaming.” Roku users streamed 17 billion hours of programming, up by 55% year-on-year. What’s more, Roku earned average revenue per user (ARPU) of $28.76 in 4Q. (See Roku stock analysis on TipRanks) For the first quarter of FY21, the company expects to earn total net revenue of $485 million and a gross profit of $238 million. Roku also stated that historically, 1Q is a “seasonally softest quarter from a revenue perspective” as revenue is typically around 25% lower quarter-on-quarter. Following the results announcement, Oppenheimer analyst Jason Helfstein raised the price target from $260 to $500 and reiterated a Buy rating on the stock. Helfstein said in a research note, “… 4Q results/1Q guidance highlight accelerating advertising revenue and enviable position within shift from linear to OTT” “Top 6 agencies doubled investment in Roku during 2020, with strong FY21 upfront commitments. FY21 guidance suggests stable Platform GM outlook (~60%). International traction improving, with key OEM [original equipment manufacturer] partner TCL intending to release Roku TVs in Brazil and UK within 2021,” Helfstein added. The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 10 analysts recommending a Buy, 5 analysts suggesting a Hold, and 1 analyst recommending a Sell. The average analyst price target of $413.60 implies about 8.7% downside potential to current levels. Related News: Tilray Jumps 11% Pre-Market As 4Q Loss Narrows; Street Says Hold Sleep Number Spikes 13% After Blowout Quarter; Street Says Hold Garmin’s FY21 Outlook Beats Estimates As 4Q Results Shine More recent articles from Smarter Analyst: Twilio Proposes Sale Of $1B Class A Shares IBM Looking To Sell Watson Health Business Unit – Report Arista Networks’ 1Q Sales Outlook Exceeds Street Estimates; Shares Gain 5% Fastly’s 1Q Guidance Disappoints; Shares Sink Over 15%

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  • Streaming Video Gateway Roku Smashes Estimates, Posts Surprise Profit

    Streaming video platform Roku late Thursday smashed Wall Street's sales and earnings targets for the fourth quarter. It also guided analysts higher for the current quarter. Roku stock rose.

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  • Roku Turns In a Surprise Profit, Offers Upbeat Forecast

    The company earned 49 cents a share in the latest quarter, far better than the net loss of five cents analysts had penciled in.

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  • Roku Gains After Quarterly Revenue Forecast Tops Estimate

    (Bloomberg) -- Roku Inc. gained 3.2% in postmarket trading after projecting first-quarter revenue that topped the average analyst estimate, though the company warned that sales growth would slow in the second half of the year.The video-streaming platform company forecast revenue of $478 million to $493 million and an adjusted net loss of $16 million to $23 million. Analysts had been looking for revenue of $460.4 million and an adjusted loss of $45.8 million, according to data compiled by Bloomberg.Year-over-year revenue growth will fall below levels expected in the first and second quarters, with comparisons in the back half of the year “much tougher,” the company said in a letter to shareholders. “There is certainly a lot of macro uncertainty around the return to normalcy and the economic impact that will linger from the pandemic,” CFO Steve Louden said in an interview. “There’s also uncertainty on the pace of the shift toward streaming, though Covid has accelerated those trends. As you look further out, it gets a little more uncertain on how those trends will continue, but they certainly continue to trend in our favor.”Roku reported surprise net income per share of 49 cents in the fourth quarter on revenue of $649.9 million. The average analyst estimate was a loss of 3 cents and revenue of $616.8 million. The company added 14.3 million active accounts, for a total of 51.2 million, matching preliminary data for the quarter released last month.Shares of Roku have roughly doubled since early November, when it reported third-quarter results.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Roku posts surprise profit, gives upbeat outlook

    Roku Inc. delivered a surprise profit for the fourth quarter while issuing an upbeat forecast for the current period.

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  • Roku Earnings: What Happened With ROKU

    Roku (ROKU) reported Q4 earnings after market close on February 18. EPS, revenue, and active accounts all beat analyst expectations.

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  • Roku beats quarterly revenue estimates

    Roku Inc reported better-than-expected quarterly revenue on Thursday, as the video-streaming device maker benefited from advertising on its platform and an influx of cord-cutting subscribers dropping their cable packages in favor of streaming services.

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  • Is Roku Pushing Into Original Content?

    Streaming media content provider Roku Inc (NASDAQ: ROKU) could be pushing from being a provider of streaming apps and advertising to a player in the original content production. What Happened: A new job listing from Roku could preview the company’s entry into original content on shows and movies, according to Protocol report earlier this week. The job listing is looking for a lead production attorney to build out an “expanding slate of original content” for Roku. A hired person would work on option purchase agreements, script acquisition agreements, and hiring of actors, writers and directors. The job listing comes after Roku completed a purchase of the library of content from Quibi. Related Link: Super Bowl LV TV Ratings Hits 13 Year Low, Sets Streaming Record Why It’s Important: The listing from Roku would put the company in more direct competition with streaming services from Walt Disney Co (NYSE: DIS), Hulu, Netflix Inc (NASDAQ: NFLX) and others. An important note from The Verge points out that Roku could benefit from both people watching Roku content on the streaming devices and watching competitor’s products on a Roku box. "That convenient customer experience remains important, even if Roku occasionally butts heads with streaming providers,” the site says. The Roku Channel is a free advertising-supported streaming service from the company and could be the center of the original content push. The channel has helped boost the company’s advertising revenue and could be a key for growth going forward. What's Next: The timing of the original content launch could be key as Morgan Stanley analyst Ben Swinburne calls for Roku’s growth peaking in the second quarter of fiscal 2021. The analyst has a price target of $275 and an Underweight rating. The majority of Roku’s earnings will come from publishers, according to Swinburne. If Roku can compete in the original content space, analysts could have to take a deeper look at how to value the company going forward. ROKU Price Action: Shares of Roku closed Thursday at $452.99. Latest Ratings for ROKU DateFirmActionFromTo Feb 2021Truist SecuritiesMaintainsHold Feb 2021Morgan StanleyMaintainsUnderweight Jan 2021B of A SecuritiesMaintainsBuy View More Analyst Ratings for ROKU View the Latest Analyst Ratings See more from BenzingaClick here for options trades from BenzingaExclusive Interview: New Pure Play Streaming ETF Offers Exposure To Cord-Cutting, Global StocksSuper Bowl LV TV Rating Hits 13-Year Low, Sets Streaming Record© 2021 Benzinga does not provide investment advice. All rights reserved.

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  • Roku Releases Fourth Quarter and Fiscal Year 2020 Financial Results

    Roku, Inc. (NASDAQ:ROKU) today released fourth quarter and fiscal year 2020 results. Visit the Roku investor relations website to view the fourth quarter and fiscal year 2020 letter to shareholders.

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  • ROKU (ROKU) Option Traders Wary

    As price action for Roku (ROKU) doubles in three months, traders protect from the probability of a drop.

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