Roku Stock News

Recently, Zacks.com users have been paying close attention to Roku (ROKU). This makes it worthwhile to examine what the stock has in store.

With Nasdaq stocks to sell, speculative stocks in fast-growing industries like artificial intelligence, crypto mining, and electric vehicles may be what first comes to mind. However, while there are s

Roku (ROKU) concluded the recent trading session at $64.13, signifying a -0.43% move from its prior day's close.

Roku, originally a Netflix subsidiary, has carved out its own niche in the streaming world. SoundHound AI leverages advanced AI for voice control, serving a wide range of industries.

Roku benefits from a powerful secular tailwind in streaming. It has the most popular smart-TV operating system in the U.S. As digital ad spending shifts to connected TV, Roku will gain.

ARK Innovation (NYSEARCA: ARKK ) has been selling some of its Cathie Wood stocks. Robust earnings boosted valuations to record highs.

Ark Invest bought shares of Palantir, Toast, and Roku on Thursday. Cathie Wood typically adds to her sinking positions, but Palantir and Toast hit new recent highs on Thursday.

In the latest trading session, Roku (ROKU) closed at $62.67, marking a -0.19% move from the previous day.

It reported strong fourth-quarter results, with increasing revenue and improving profitability. Investors were spooked by Walmart's announcement that it's acquiring Vizio.

Roku has tumbled 33% since posting poorly received financial results. Walmart's purchase of Vizio has one analyst concerned enough to downgrade Roku, but the math still favors the niche leader.

Roku is in a prime position to benefit from more households cutting their cable subscriptions. Roku is going up against dominant tech firms that have competing product offerings.

Lululemon is showing no signs of slowing down. Moderna and Roku are poised for a comeback.

In the most recent trading session, Roku (ROKU) closed at $63.16, indicating a -0.87% shift from the previous trading day.

In a previous column, which I wrote on Feb. 25 and was published on Feb. 27, I hypothesized that small-cap and mid-cap stocks would rally as they managed to obtain funding despite high interest rates,

Radio and television broadcast companies like NFLX, WBD, FOXA and ROKU benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.