Roku, the digital streaming device maker, announced another round of layoffs, as the number of job losses in the tech industry rises over 60,000 in 2023. The company said it would lay off another 200 workers, or 6 percent of its workforce, in a Securities and Exchange Commission (SEC) filing on March 30, a few months after cutting…
Roku to Cut 6 Percent of Workforce as Tech Layoffs Rise Over 60,000 So Far in 2023
Tech Hubs, Desert Metros See Rents Soften in November: Report
December 7, 2022
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U.S. apartment rents dropped for the third straight month in November, easing back from this year’s record highs as leasing demand continues to weaken, according to newly released data. While still lofty compared to previous years, effective asking rents for new leases declined 0.59 percent nationally last month, marking the largest cut since the pandemic…
Here’s Why DA Davidson Sees 59 Percent Upside in Roku
DA Davidson analyst Tom Forte kept his Buy rating and $200 price target on Roku Inc.. The price target implied an upside of 59.3 percent. Forte recently held talks with Conrad Grodd, the company’s VP of Investor Relations. Forte saw that Roku’s adverting efforts were “modestly positively” impacted by Apple Inc.’s focus on privacy, while the company’s ad authentication efforts have…
Roku Q4 Earnings Highlights: Revenue up 33 Percent, Roku Channel Hits 80 Million Households, Q1 Guidance
Streaming platform company Roku Inc. reported fourth quarter and full fiscal year financial results after market close Thursday. What Happened Roku reported fourth-quarter revenue of $865.3 million, up 33 percent year-over-year. The total missed a consensus estimate of $894 million, according to Benzinga Pro. Earnings of 17 cents per share beat the estimates by 10 cents. The…
Read Why Roku Is Trading Lower Today
Analysts cut their price targets on Roku Inc. Universal Electronics Inc. announced that the U.S. International Trade Commission (ITC) publicly issued a favorable final determination in the patent infringement case against Roku. Commenting on the news, Benchmark analyst Daniel Kurnos said his review of the ruling leads him to believe the financial impact to Roku may be more limited in…
YouTube Stays on Roku Devices as Companies Strike Multi-Year Deal
YouTube and Roku Inc announced on Wednesday a multi-year pact to end a battle that dragged for months over accusations of anti-competitive conduct and threatened to strip the internet’s biggest video streaming service from tens of millions of TV devices. “Roku and Google have agreed to a multi-year extension for both YouTube and YouTube TV,”…
Is Roku’s Stock Overvalued or Undervalued?
Roku Inc. shares have lagged the S&P 500 in 2021, dropping 26 percent year-to-date. Roku’s stock has had a wild ride in recent years, but investors may be wondering whether there’s any value in Roku shares after the sell-off. Earnings A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a…
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