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Roku, Inc. (ROKU) Looks Good: Stock Adds 9% in Session
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Roku, Inc. (ROKU - Free Report) was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.29 to $34.73 in the past one-month time frame.
The move came after the announcement of a partnership with ESPN, which will run its new EPSN+ program through the platform of Roku.
The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Roku. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Roku currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Is ROKU going up? Or down? Predict to see what others think: Up or Down
Can Hackers Put Money INTO Your Portfolio?
Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
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Roku, Inc. (ROKU) Looks Good: Stock Adds 9% in Session
Roku, Inc. (ROKU - Free Report) was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.29 to $34.73 in the past one-month time frame.
The move came after the announcement of a partnership with ESPN, which will run its new EPSN+ program through the platform of Roku.
The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Roku. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Roku currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Roku, Inc. Price
Roku, Inc. Price | Roku, Inc. Quote
A better-ranked stock in the Broadcast Radio and Television industry is AMC Networks Inc. (AMCX - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ROKU going up? Or down? Predict to see what others think: Up or Down
Can Hackers Put Money INTO Your Portfolio?
Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>