2024-02-16 18:16:24 ET
Summary
- Roku beat revenue estimates for Q4 and issued decent sales guidance, but shares tumbled due to competition concerns.
- Roku has built a more solid foundation and has seen consistent account growth for four straight quarters.
- Improved profitability and cash flow led to an upgrade to a hold rating, but uncertainty around a potential Walmart acquisition gives pause.
After the bell on Thursday, we received fourth quarter results from streaming platform Roku, Inc. ( ROKU ). While the company handily beat revenue estimates for Q4 and issued decent sales guidance for the current quarter, shares tumbled as investors worried about the company's competition in the near term. At this point, Roku has certainly set itself up for success, so the plunge might make the name worth another look....
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For further details see:
Roku: A Much Better Place (Ratings Upgrade)