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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.
Roku reported a Quarter December 2019 loss of $0.13 per share on revenue of $411.2 million. The consensus estimate was a loss of $0.14 per share on revenue of $392.4 million. Revenue grew 49.1% on a year-over-year basis.
The company said in its shareholders letter it expects first quarter revenue of $300.0 million to $310.0 million and 2020 revenue of $1.58 billion to $1.62 billion. The current consensus estimate is revenue of $297.5 million for the quarter ending March 31, 2020 and revenue of $1.58 billion for the year ending December 31, 2020.
This stock reports earnings on Thursday May 7th.
Due to the increase in consumers staying at home from COVID-19 orders, Roku should see an increase in its membership and have a strong earnings report.
Entry point: $124.00
52-week trade range: $58.22 - $176.55
Stop/Loss: $117.80
Target Price: $136.40
ROKU closed at $136
