Shares of Roku rose 3.78% to $393.63 at 10:50 EST on Friday, after three sequential sessions in a row of gains. NASDAQ Composite is rising 0.39% to $13,118.73, following last session’s upward trend, This seems, up to now, a somewhat positive trend exchanging session today.
Roku’s last close was $379.29, 0.09% below its 52-week high of $394.00.
News about Roku today
Roku acquires quibiâs global content distribution rights. According to today’s article on Business Insider, "These statements include but are not limited to the content, benefits, features, timing and availability of the Quibi content library on The Roku Channel; the opportunities that marketers are seeking; and the features, benefits and reach of The Roku Channel and the Roku platform. ", "The Roku Channel experienced rapid growth in Q4 2020 doubling household reach year over year and was a top 10 channel in both streaming hours and active accounts."
Roku stock gains after company confirms deal for quibi catalog. According to today’s article on MarketWatch, "The company plans to make the shows available for free to Roku users on an ad-supported basis this year. ", "Many of the shows previously aired on the Quibi platform but will now appear exclusively on The Roku Channel, which is the company’s hub for free, ad-supported content. "
Roku buys quibi’s library to boost free streaming service. According to today’s article on Bloomberg Quint, "Asked if Roku had greater ambitions in creating or acquiring more shows, he described the Quibi pact as a "unique opportunity.", "Launched more than three years ago, the Roku Channel has thousands of free movies and dozens of live channels and is among the most popular streaming apps on Roku, reaching about 62 million people."
Roku acquires rights to quibi's content. According to today’s article on The Wall Street Journal, "The shows will be exclusive to Roku for the time that is left in Quibi’s exclusive two-year window with content creators. ", "Roku will display Quibi’s content in the Roku Channel, an app that is filled with more than 40,000 movies and TV shows. "
Roku’s sales growth is 47.7% for the ongoing quarter and 43.4% for the next. The company’s growth estimates for the current quarter and the next is 38.5% and 24.4%, respectively.
Year-on-year quarterly revenue growth grew by 73.1%, now sitting on 1.54B for the twelve trailing months.
Roku’s last day, last week, and last month’s average volatility was 10.60%, 2.38%, and 1.15%, respectively.
Roku’s last day, last week, and last month’s high and low average amplitude percentage was 7.78%, 6.25%, and 5.23%, respectively.
Roku’s Stock Yearly Top and Bottom Value
Roku’s stock is valued at $393.63 at 10:50 EST, below its 52-week high of $394.00 and way above its 52-week low of $58.22.
Roku’s Moving Average
Roku’s value is way above its 50-day moving average of $315.94 and way above its 200-day moving average of $209.66.
Previous days news about Roku
Quibi nears deal with Roku after trying to tempt Facebook, snap. According to Bloomberg Quint on Tuesday, 5 January, "Quibi Holdings LLC, the failed short-video startup founded by film mogul Jeffrey Katzenberg, is close to selling rights to its shows to Roku Inc. following pitch sessions with some of the biggest names in technology, according to people familiar with the matter.", "Quibi’s programming would add to Roku’s own content library and help the company, which offers a popular streaming device and platform, attract viewers to the Roku Channel."
Roku throws up its own plot twist. According to The Wall Street Journal on Tuesday, 5 January, "It is hard to blame Roku for wanting to be a player, but the content game is a very expensive one to play in.", "The Wall Street Journal reported Sunday of advanced talks between the two that would give Roku control over Quibi’s library. "
Roku says its active account metric has topped 50 million for the first time. According to MarketWatch on Wednesday, 6 January, "Roku also disclosed its expectation that Roku users streamed about 17 billion hours of content in the fourth quarter. "
Roku stock gains after needham boosts price target. According to MarketWatch on Thursday, 7 January, "Its [connected TV] focus, platform competitive advantages, moats, and execution excellence all suggest to us that ROKU will continue to take market share in 2021." Martin expects greater advertising revenue for Roku in 2021 as big ad categories like travel, retail and entertainment could step up their spending amid an economic recovery. ", "Her increased price target comes after Roku disclosed better-than-expected preliminary active-account and streaming-hours metrics for the fourth quarter. "
Roku stock rockets toward new record after needham boosts price target. According to MarketWatch on Thursday, 7 January, "Martin’s increased price target comes after Roku disclosed better-than-expected preliminary active-account and streaming-hours metrics for the fourth quarter. ", "Its [connected TV] focus, platform competitive advantages, moats, and execution excellence all suggest to us that ROKU will continue to take market share in 2021." Martin expects greater advertising revenue for Roku in 2021 as big ad categories like travel, retail and entertainment could step up their spending amid an economic recovery. "