Tag Archives: Stock

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

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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 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

Lionsgate Shares Drop on Rumors Comcast Will Drop Starz

Comcast and Lions Gate were unavailable to respond to requests for clarification, and a deal in place now is still four months away from expiring, but investors were punishing the film and TV studio and Starz parent by bidding shares down on more than twice the stock’s normal trading volume. – Paul Bond, The Hollywood Reporter » https://www.hollywoodreporter.com/news/lionsgate-shares-drop-rumors-comcast-will-drop-starz-1235673 [photo: Lions Gate/Facebook]

Netflix suffers first major loss of US subscribers, blames price hikes

The company lost approximately 130,000 subscribers in the United States in Q2, and only gained 2.7 million global subscribers, after projecting it would add 5 million. CEO Reed Hastings blamed the stagnancy on the company’s price hikes, and a lack of original content to bring in new subscribers. The company instituted higher pricing plans in January, one of its biggest increases to date. Plan changes went into effect for both new and returning subscribers. As such, paid memberships in the United States were “essentially flat.” – Julia Alexander, The Verge » https://ift.tt/2XNYPKH

Disney CEO Bob Iger Confirms Talks With Comcast Over Hulu Stake Sale

On April 15, WarnerMedia sold back its stake in Hulu in a deal that valued the streamer at $14 billion. Disney revealed Wednesday that it funded the deal “via a loan” to Hulu. NBCU has 90 days from the date of the transaction in which it can elect to contribute its proportionate share (or 30 percent) toward the purchase price of the Hulu stake. That would mean Disney would become the 67 percent owner in Hulu and Comcast would become a 33 percent owner. If NBCU does not participate in the purchase of WarnerMedia’s stake, Disney would up its ownership to 70 percent. – Natalie Jarvey, The Hollywood Reporter » http://bit.ly/2DZ672x

3 Reasons Why Netflix Stock Has Nothing To Fear From Apple Streaming

While other organizations will gladly ruffle some feathers to deliver groundbreaking programs and films, AAPL has a decidedly different mindset. From the get-go, management will steer its original content away from vulgar, violent or sexual content. […], they’re not going to show anything interesting on their service. Okay, I’m being facetious but only a little bit. Check out Forbes’ top-20 list of streamed TV shows, where only one entry isn’t on Netflix. It’s chock-full of gritty programming or controversial topics, like the top-rated show 13 Reasons Why, which addresses teenage suicide. Is that content suitable for an Apple store? I don’t think so. – Josh Enomoto, InvestorPlace » https://ift.tt/2HDzPNh
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