What Caught Our Attention in the Investment World? – Week of August 5-9, 2019

By Anil K. Ambastha and Kuldip K. Ambastha

Following its second-quarter earnings report featuring lower than expected losses, higher than expected revenues, a year-over-year 39% increase of active users to 30.5 million, and bright future guidance, shares of a TV streaming platform operator, Roku (ROKU), rose by 20.9% on August 8. The company has lifted its full-year revenue outlook with a mid-point of revenue range being $1.085 billion, up from the previous mid-point of $1.04 billion. Roku’s stock has now risen by 309% year-to-date as of the market close on Friday, August 9, and is trading at very close to its all-time high, reached intraday, for this stock since its initial public offering on September 28, 2017.

Keywords – Second-quarter, Earnings, TV Streaming, Future guidance, Initial Public Offering, IPO.

Disclosure – The principals of Ambastha Financial LLC have no position in ROKU.

Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2019 – Ambastha Financial LLC.

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