The streaming pioneer got some love from Wall Street. Shares of Roku (ROKU 12.49%) charged out of the gate Friday, jumping as much as 14.2%. As of 12:34 p.m. ET, the stock was still up 12.3%. The catalyst that propelled the streaming video pioneer higher was an upgrade and bullish commentary from a Wall Street analyst. A compelling opportunity Guggenheim analyst Michael Morris upgraded Roku stock to a buy from neutral (hold) while raising his price target to $75. For investors keeping track at home, that re ...

ROKU is on track for its best day since November after a rare upgrade Roku Inc (NASDAQ:ROKU) is up 9.1% to trade at $67.44 this morning, on track for its best single-session gain since November. This comes after Guggenheim upgraded the streaming stock to "buy" from "neutral" and set its price objective at $75. The analyst in coverage highlighted several revenue drivers, including home screen ads and original content. The upgrade is notable because the brokerage bunch leans bearish, with 15 of the 24 analyst ...

PARAGUAY - 2024/07/25: In this photo illustration, the Roku, Inc. logo is displayed on a smartphone ... [+] screen. (Photo Illustration by Jaque Silva/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Roku stock has had a good run of late, rising by about 10% over the last five trading days. The stock also remains up by about 14% since its Q2 2024 earnings were published earlier this month. So what are some of the trends driving Roku higher? Roku's results for the last quart ...

Roku Inc. (ROKU) , the leading TV streaming platform in the United States, has seen its stock price plummet 32.4% year to date (YTD) compared with a 2% decline in the broader Zacks Consumer Discretionary sector, leaving investors wondering whether to maintain their positions or cut their losses. This significant decline prompts a closer examination of the company's fundamentals, market position and future prospects to determine the best course of action for shareholders. As Roku continues its evolution from ...

Investors can find compelling opportunities in beaten-down stocks. The Nasdaq Composite's double-digit rally since the start of 2024 has been a wonderful development for investors. But not all businesses have been so fortunate to see meaningful gains. Look at streaming platform operator Roku (ROKU -1.16%). Despite being a beneficiary of a new trend in the media landscape, shares are down 41% this year and 89% off their 2021 peak price. Is it time to buy the dip on this once beloved growth stock? Improving e ...

Core Insights - Roku's stock has significantly declined, starting 2024 at an 81% discount from its all-time highs in 2021 and dropping another 45% year to date [1][2] - Despite the stock decline, Roku's business shows strong growth potential, with an increase in active customers and revenue [1][2] Financial Performance - Roku added 2 million streaming households in Q2, reaching a total of 83.6 million active customers [1] - Platform revenue grew 11% year over year to $824 million, while device sales surged 39% to $144 million [1] - The company reported a $71 million operating loss, an improvement from a $126 million loss in the same period last year [1] - Cash from operations was $332 million, representing 34% of revenue, compared to just $15 million in Q2 2023 [1] Market Position and Competition - The narrative that Roku's ad business is struggling or that it faces overwhelming competition is being challenged, as the company shows solid growth in both services and hardware [3][4] - Competitors like Amazon and Alphabet are present, but Roku continues to gain traction in the market [3][4] Investment Outlook - The current market valuation of Roku does not reflect its business growth and product popularity, suggesting it remains an attractive investment opportunity [5][6] - The company is expanding internationally and experiencing increased sales of its devices, indicating a positive trajectory [7] - There is optimism that Roku's stock will eventually recover as the market recognizes its underlying business health [8]

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Roku (ROKU) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual investors often f ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38211 Roku, Inc. (Exact name of registrant as specified in its charter) Delaware 26-2087865 (State or other jurisdiction of incorp ...

Core Insights - Roku reported a narrower loss of 24 cents per share for Q2 2024, compared to a loss of 76 cents per share in the same quarter last year, and better than the Zacks Consensus Estimate of a loss of 45 cents [1] - Revenues increased by 14.3% year-over-year to $968.2 million, surpassing the consensus estimate by 3.52%, driven by growth in streaming households and hours [2] Revenue and User Growth - Streaming households reached 83.6 million, with a net increase of 2 million from Q1 2024, and the Roku Home Screen engages over 120 million U.S. households daily [3] - The Roku operating system maintained its position as the 1 selling TV OS in the U.S., Mexico, and Canada, with users streaming a record 30.1 billion hours in Q2, up 5 billion hours from the previous quarter [4] Platform and Device Revenue - Platform revenues, accounting for 85.1% of total revenues, rose 10.8% year-over-year to $824.3 million, while device revenues increased by 39.2% to $143.8 million [6] Operating Performance - Gross margin contracted by 80 basis points year-over-year to 43.9%, while operating expenses decreased by 1.6% to $495.9 million, representing 51.2% of total revenues [7] - Adjusted EBITDA improved to $43.6 million from a negative $17.8 million in the prior year, marking the fourth consecutive quarter of positive adjusted EBITDA [8] Financial Position - Operating loss was reduced to $71.2 million from $126 million in the year-ago quarter, with cash and cash equivalents at $2.05 billion as of June 30, 2024, and no long-term debt [9] Future Guidance - For Q3 2024, Roku anticipates total net revenues of $1.01 billion, gross profit of approximately $440 million, and adjusted EBITDA of $45 million [10]