How Roku Stock Could Drop To $30
[#3.1 Roku’s sales growth could stall/decline] If Apple launches a lower-priced streaming device over the next two years, Roku could begin to feel the heat. – Trefis Team, Forbes » https://ift.tt/2vhuS8V
Tag Archives: Stock
MoviePass Parent Company Files for Bankruptcy
The company disclosed the move in an SEC filing dated Jan. 28, when Helios and Mathenson filed the petition for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York. Chapter 7 of the bankruptcy code dissolves an entity, whose assets are sold off to repay creditors (unlike Chapter 11 bankruptcy, in which a company seeks to renegotiate with creditors). – Todd Spangler, Variety » https://trib.al/N2tESgp
Netflix Shares Rise 7% As Wall Street Sees Comcast Subscriber Losses As A Boost
Netflix shares, which are the subject of great debate on Wall Street, rose more than 7% Thursday in the wake of a concession by Comcast earlier in the day that the media giant will continue to lose subscribers. – Dade Hayes, Deadline Hollywood » http://dlvr.it/RNdKLt
Roku’s Growth Trajectory Looks Solid, but Volatility Remains a Factor
The future looks bright for Roku, but it’s not a stock for the feint of heart. It will continue to be volatile, and if Amazon is able to beat expectations with its Fire TV, it’ll be rightly perceived that Roku could take longer to match its active user base. That wouldn’t be a disaster in any way, but it would slow its pace of growth and share price trajectory. – TipRanks via Yahoo Finance » https://ift.tt/2tjBcvN [photo: Top: Michael Whay / Bottom: TipRanks]
Netflix was the best-performing stock of the decade, delivering a more than 4,000% return
For investors coming in at the current price, the potential downside is dramatic. With a price-to-earnings ratio for the next 12 months of 61.3, Netflix is among the 15 most expensive stocks in the S&P 500 on that basis, according to FactSet. – Ari Levy, CNBC » https://ift.tt/2Zf0NBu
Netflix Shares Rise After Release Of Global Subscriber Data Emboldens Bulls
The stock surpassed $316, its highest level in three weeks, before closing at $315.48 on heavier-than-normal trading volume. While Netflix shares spent several months under water in recent months, gains over the past few weeks have pushed them into positive territory for the year to date. – Dade Hayes, Deadline Hollywood » http://dlvr.it/RLSgGk [photo: Google]
Roku stock tanks after Morgan Stanley says massive rally means it’s time to sell
Swinburne downgraded Roku shares ROKU-13.05% to underweight from equal-weight on Monday, writing that the stock looks far too expensive, as they are now trading at a higher forward multiple of enterprise value to sales than the average fast-growth software company he’s tracking. At the same time, he expects gross margins to fall and gross-profit growth to temper. – Emily Bary, MarketWatch » https://ift.tt/2OFDr48
Roku shares crater over 19% after analyst predicts the cost of streaming devices is going to ‘zero’
After running up over 330% this year, Roku shares have cooled in September. However, even after this week’s drop, the stock is up nearly 690% from its IPO price of $14 a share. The stock has been one of the most volatile among technology companies this month as the battle in digital streaming continues. – Michael Sheetz, CNBC » https://cnb.cx/31I9bd6
Roku shares plunge after Comcast announces free streaming box and Facebook launches TV device
Roku shares fell 13.7% on Wednesday after Comcast announced a new deal for cord cutters and Facebook unveiled a new device that can stream TV shows. Netflix closed down 2.4%. – Annie Palmer, CNBC » https://ift.tt/2AwT3iJ
Roku Shares Tumble Amid Apple TV+ Pricing News
In midday trading, Roku was off 9 percent while Netflix and Disney were down about 3 percent each. Apple TV+ is set to launch Nov. 1, while Disney+, at $7 monthly, has a Nov. 12 target date, and each are gearing up for competition with Netflix, the worldwide leader in premium subscription streaming that costs about twice what Disney will charge. – Paul Bond, The Hollywood Reporter » http://thr.cm/jcS7ap