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