Latest news with #Roku-branded
Yahoo
15-05-2025
- Business
- Yahoo
Jim Cramer Says Roku Stock 'Has Some Upside'
When a caller asked Cramer about Roku, Inc. (NASDAQ:ROKU), he commented: 'Alright. You know, there's been a bunch of people who don't like Roku. I'm not going to join that gaggle. I think the stock has some upside because they are doing some pretty terrific things in streaming, so I'm okay with it.' A large movie theatre filled with people enjoying a film streaming on a smart TV. Roku (NASDAQ:ROKU) runs a streaming platform that provides access to a broad selection of content. The company provides advertising and subscription services, sells streaming devices, Roku-branded TVs, smart home items, and audio products. It also enters licensing deals with service providers. JDP Capital Management stated the following regarding Roku, Inc. (NASDAQ:ROKU) in its Q4 2024 investor letter: "Roku, Inc. (NASDAQ:ROKU) was down 15% in 2024 closing at $77.38 per share, about 20% above our cost basis. The company has an enterprise value of about $9 billion, no debt, and trades for a little over 2x estimated 2025 platform revenue (hardware revenue excluded).12 Roku has been undervalued and under-owned for so long that a positive re-rating of the stock to an acquisition value would justify a multi-bagger return… While we acknowledge the potential of ROKU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ROKU and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: Jim Cramer Commented on These 6 Natural Gas Players and 13 Stocks on Jim Cramer's Radar Recently Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Jim Cramer Says Roku Stock 'Has Some Upside'
When a caller asked Cramer about Roku, Inc. (NASDAQ:ROKU), he commented: 'Alright. You know, there's been a bunch of people who don't like Roku. I'm not going to join that gaggle. I think the stock has some upside because they are doing some pretty terrific things in streaming, so I'm okay with it.' A large movie theatre filled with people enjoying a film streaming on a smart TV. Roku (NASDAQ:ROKU) runs a streaming platform that provides access to a broad selection of content. The company provides advertising and subscription services, sells streaming devices, Roku-branded TVs, smart home items, and audio products. It also enters licensing deals with service providers. JDP Capital Management stated the following regarding Roku, Inc. (NASDAQ:ROKU) in its Q4 2024 investor letter: "Roku, Inc. (NASDAQ:ROKU) was down 15% in 2024 closing at $77.38 per share, about 20% above our cost basis. The company has an enterprise value of about $9 billion, no debt, and trades for a little over 2x estimated 2025 platform revenue (hardware revenue excluded).12 Roku has been undervalued and under-owned for so long that a positive re-rating of the stock to an acquisition value would justify a multi-bagger return… While we acknowledge the potential of ROKU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ROKU and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: Jim Cramer Commented on These 6 Natural Gas Players and 13 Stocks on Jim Cramer's Radar Recently Disclosure: None. Sign in to access your portfolio
The Star
01-05-2025
- Business
- The Star
Roku forecasts second-quarter revenue below estimates as economic uncertainty weighs
FILE PHOTO: The Roku company logo is displayed on a building in Austin, Texas, U.S., October 25, 2021. REUTERS/Mike Blake/File Photo (Reuters) -Roku forecast second-quarter revenue below Wall Street estimates on Thursday, as customers pull back spending amid an uncertain market environment, sending shares of the company down 4% in extended trading. Roku, the company whose streaming service saw major success during the pandemic, is now experiencing a slowdown as clients and brands tighten advertising budgets amid persistent inflation and broader macroeconomic uncertainties. "While there is more macro uncertainty than normal, we are providing our best outlook based on our current visibility and what we are observing in our business," the company said in a letter to shareholders. The company initially gained popularity through its small devices that connected to televisions, giving users access to streaming platforms like Netflix. It later expanded its offerings to include Roku streaming sticks and Roku-branded TVs. It expects revenue of $1.07 billion for the second quarter, compared with analysts' average estimate of $1.09 billion, according to data compiled by LSEG. The company reported revenue of $1.02 billion in the first quarter, compared to analysts' average estimate of $1.01 billion, according to data compiled by LSEG. (Reporting by Priyanka.G in Bengaluru; Editing by Alan Barona)
CNA
01-05-2025
- Business
- CNA
Roku trims annual revenue forecast as economic uncertainty weighs
Roku trimmed its annual revenue expectations and forecast second-quarter revenue below Wall Street estimates on Thursday, due to economic uncertainty and tariff-related concerns, sending its shares down 4.9 per cent in after-hours trading. Roku faces tough competition from tech giants such as Amazon and Apple, which offer similar streaming devices: the Amazon Fire TV Stick and Apple TV, respectively. This intensified competition continues to pressure Roku to defend its market share. The company's devices segment — which includes Roku-branded TVs and streaming players — is projected to see a revenue decline of about 10 per cent year-over-year. Roku also said it is challenging to forecast tariff-related impacts in its devices segment. "While there is more macro uncertainty than normal, we are providing our best outlook based on our current visibility and what we are observing in our business," the company said in a letter to shareholders. The company expects net revenue of $4.55 billion for the full year, compared to its previous forecast of $4.61 billion. Analysts, on average, expect $4.57 billion, according to data compiled by LSEG. However, quarterly revenue from Roku's platform segment — its largest business, which generates income from advertising sales and subscriptions — grew 17 per cent to $881 million. "Despite global headwinds, we expect Roku to achieve positive operating income by 2026, supported by its strong market position," said Kenneth Leon, director of equity research at CFRA. Separately, Roku said on Thursday it has agreed to acquire Frndly TV — a subscription streaming service offering live TV, on-demand video and cloud-based DVR — for $185 million in cash. "This acquisition supports our focus on growing platform revenue and Roku-billed subscriptions," said Roku CEO Anthony Wood. It expects revenue of $1.07 billion for the second quarter, compared with analysts' average estimate of $1.09 billion. However, Roku's first-quarter revenue of $1.02 billion was slightly above estimates of $1.01 billion.
CNA
01-05-2025
- Business
- CNA
Roku forecasts second-quarter revenue below estimates as economic uncertainty weighs
Roku forecast second-quarter revenue below Wall Street estimates on Thursday, as customers pull back spending amid an uncertain market environment, sending shares of the company down 4 per cent in extended trading. Roku, the company whose streaming service saw major success during the pandemic, is now experiencing a slowdown as clients and brands tighten advertising budgets amid persistent inflation and broader macroeconomic uncertainties. "While there is more macro uncertainty than normal, we are providing our best outlook based on our current visibility and what we are observing in our business," the company said in a letter to shareholders. The company initially gained popularity through its small devices that connected to televisions, giving users access to streaming platforms like Netflix. It later expanded its offerings to include Roku streaming sticks and Roku-branded TVs. It expects revenue of $1.07 billion for the second quarter, compared with analysts' average estimate of $1.09 billion, according to data compiled by LSEG. The company reported revenue of $1.02 billion in the first quarter, compared to analysts' average estimate of $1.01 billion, according to data compiled by LSEG.
