Roku, Inc. (ROKU - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on Friday. 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 $31.02 to $36.08 in the past one-month time frame.
The upside was driven by rumors of a potential buyout of the company.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past month, while the Zacks Consensus Estimate has moved higher in the said period. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Roku currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.
Another stock worth considering in the Broadcast Radio and Television industry is Salem Media Group, Inc. (SALM - Free Report) which 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
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