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Technology Stocks : Roku

ROKU 106.13

+6.1%

Oct 31 9:30 AM EST

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From: zax	4/14/2020 5:17:07 PM
	of 94

Roku Stock Breaks Out After Preliminary Q1 Numbers Roku, Inc. (ROKU) shares rose more than 10% during Tuesday's session after preliminary first quarter numbers showed an increase in growth. Since mid-March, the stock has experienced a robust turnaround from lows of below $60.00 per share to current levels of nearly $110.00 per share. The streaming TV provider reported an estimated 39.8 million active accounts at the end of the first quarter, representing a net increase of 3 million over the prior quarter. The company also reported a 49% year-over-year increase in streaming hours to 13.2 billion during the first quarter, although a new "Are you still watching?" feature could reduce streaming hours in future quarters. While operational growth remains strong, Roku withdrew its previous 2020 outlook, citing uncertainty surrounding the COVID-19 outbreak. The company expects some marketers to pause or reduce ad investments over the near term, resulting in a potential revenue hit. The company also drew down its credit facility to increase liquidity and ended the first quarter with an estimated $587 million in cash and equivalents. ... investopedia.com

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