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Roku, Inc. (ROKU) operates a TV streaming platform.
The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others.
As of December 31, 2018, the company had 27.1 million active accounts. It also provides advertising products, including videos ads, brand sponsorships, and audience marketplace program; and manufactures, sells, and licenses TVs under the Roku TV name.
In addition, the company offers streaming media players and accessories under the Roku brand name; and sells branded channel buttons on remote controls. It provides its products and services through retailers and distributors, as well as directly to customers through its Website in the United States, Canada, the United Kingdom, France, the Republic of Ireland, Mexico, and various Latin American countries.
Shares have formed a bullish "flag" following the release of its latest earnings. The company reported a 1st Quarter March 2019 loss of $0.09 per share on revenue of $206.7 million. The consensus estimate was a loss of $0.24 per share on revenue of $189.1 million.
The company said it expects second quarter revenue of $220.0 million to $225.0 million. The current consensus revenue estimate is $219.8 million for the quarter ending June 30, 2019. The company also said it now expects 2019 revenue of $1.03 billion to $1.05 billion. The company's previous guidance was revenue of $1.00 billion to $1.025 billion and the current consensus estimate is revenue of $1.02 billion for the year ending December 31, 2019.
Higher share prices are expected.
Entry Point: $78.00
Stop Loss: $74.2
Trading Range: $26.30 - $86.50
Target Price: $85.00
ROKU cloed at $87.28
