Shares of Roku jumped 5.23% to $399.13 at 16:56 EST on Friday, after three sequential sessions in a row of gains. NASDAQ Composite is rising 1.03% to $13,201.98, following last session’s upward trend, This seems, so far, an all-around positive trend exchanging session today.
Roku’s last close was $379.29, 0.92% below its 52-week high of $402.81.
News about Roku today
Roku acquires quibiâs global content distribution rights. According to today’s article on Business Insider, "We are thrilled that these stories, from the surreal to the sublime, have found a new home on The Roku Channel.", "The transaction will deliver a distinctive array of premium content geared towards the highly coveted 18-35 age demographic, further building out The Roku Channel’s diverse lineup of more than 40,000 free movies and programs and 150 free live linear television channels."
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, "Financial terms weren’t disclosed, but the Wall Street Journal reported that Roku paid less than $100 million for the rights.", "While Roku doesn’t make its own content, and primarily provides the technology for customers to watch other services, like Netflix Inc., it signs exclusive licenses for shows and movies for its Roku Channel. "
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 present quarter and 43.4% for the next. The company’s growth estimates for the present 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 $399.13 at 16:56 EST, below its 52-week high of $402.81 and way above its 52-week low of $58.22.
Roku’s Moving Average
Roku’s value is way higher than its 50-day moving average of $315.94 and way higher than 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 and Roku declined to comment, as did representatives for Facebook and Snap.", "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."
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. ", "Shares of Roku Inc. are up more than 2% in premarket trading Thursday after Needham analyst Laura Martin upped her price target on the stock to $400 from $315. "
Roku stock rockets toward new record after needham boosts price target. According to MarketWatch on Thursday, 7 January, "Shares of Roku Inc. are up about 10% in afternoon trading Thursday after Needham analyst Laura Martin upped her price target on the stock to $400 from $315. ", "Martin’s increased price target comes after Roku disclosed better-than-expected preliminary active-account and streaming-hours metrics for the fourth quarter. "