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Roku Introduces Streaming Devices, Offers Software Updates
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Roku, Inc. (ROKU - Free Report) recently announced the launch of Roku Premiere and the new Roku Premiere+, two new devices for its streaming player range.
Roku Premiere priced at $39.99 MSRP and Roku Premiere+ available for $49.99 MSRP are aimed at providing HD, 4K Ultra HD or 4K HDR services. Additionally, the company announced updates for its Roku Ultra streaming player, which will feature headphones from Jabil (JBL - Free Report) .
Furthermore, the company also unveiled a software update called Roku OS 8.2 for “seamless compatibility” between Roku TVs and upcoming Roku TV Wireless Speakers. The company also announced Roku OS 9, a new enhanced software release to help customers control their entertainment experience.
The company is also working on the process of letting Alphabet’s (GOOGL - Free Report) Google assistant control Roku devices. Management is particularly optimistic about the Roku ecosystem allowing consumers to add new devices to the network, which other streaming platforms do not allow.
We believe that these updates along with the launches will help the company’s financials in the long run. This will eventually be beneficial for the company’s stock price momentum.
Notably, Roku’s stock has gained 41.1% year to date, outperforming the 31.6% rally of the industry.
Roku’s Recent Financial Performance
In second-quarter 2018, the company reported revenues of $157 million, beating the Zacks Consensus Estimate of $141 million.
Additionally, the company’s bottom line came in at breakeven against the Zacks Consensus Estimate of a loss of 15 cents per share.
Notably, the company’s earnings came ahead of the consensus estimate in three of the four trailing quarters, delivering an average positive surprise of 53.7%.
For the ongoing quarter, the consensus estimated is pegged at $169.7 million, indicating a 36% year-over-year increase. The bottom line is expected to witness a whopping 98.4% year-over-year surge.
We believe that the initiatives taken by this Zacks Rank #3 (Hold) company coupled with its long-term earnings growth rate of 21% indicate impressive financials going ahead.
Vishay Electronics has long term-expected EPS growth rate of 9.2%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Roku Introduces Streaming Devices, Offers Software Updates
Roku, Inc. (ROKU - Free Report) recently announced the launch of Roku Premiere and the new Roku Premiere+, two new devices for its streaming player range.
Roku Premiere priced at $39.99 MSRP and Roku Premiere+ available for $49.99 MSRP are aimed at providing HD, 4K Ultra HD or 4K HDR services. Additionally, the company announced updates for its Roku Ultra streaming player, which will feature headphones from Jabil (JBL - Free Report) .
Furthermore, the company also unveiled a software update called Roku OS 8.2 for “seamless compatibility” between Roku TVs and upcoming Roku TV Wireless Speakers. The company also announced Roku OS 9, a new enhanced software release to help customers control their entertainment experience.
The company is also working on the process of letting Alphabet’s (GOOGL - Free Report) Google assistant control Roku devices. Management is particularly optimistic about the Roku ecosystem allowing consumers to add new devices to the network, which other streaming platforms do not allow.
We believe that these updates along with the launches will help the company’s financials in the long run. This will eventually be beneficial for the company’s stock price momentum.
Notably, Roku’s stock has gained 41.1% year to date, outperforming the 31.6% rally of the industry.
Roku’s Recent Financial Performance
In second-quarter 2018, the company reported revenues of $157 million, beating the Zacks Consensus Estimate of $141 million.
Additionally, the company’s bottom line came in at breakeven against the Zacks Consensus Estimate of a loss of 15 cents per share.
Notably, the company’s earnings came ahead of the consensus estimate in three of the four trailing quarters, delivering an average positive surprise of 53.7%.
For the ongoing quarter, the consensus estimated is pegged at $169.7 million, indicating a 36% year-over-year increase. The bottom line is expected to witness a whopping 98.4% year-over-year surge.
We believe that the initiatives taken by this Zacks Rank #3 (Hold) company coupled with its long-term earnings growth rate of 21% indicate impressive financials going ahead.
Stock to Consider
A better-ranked stock in the broader technology sector is Vishay Intertechnology, Inc. (VSH - Free Report) Inc. sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Vishay Electronics has long term-expected EPS growth rate of 9.2%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>