Roku Topped Estimates, but Uncertainty Lies Ahead [Yahoo! Finance News]
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Source: Yahoo! Finance News
YAHOO_FINANCE HomePersonal U.S. markets closedsupport@smarteranalyst.com Ben Mahaney)April 17, 2020ReblogShareTweetOn Monday, Roku ROKUThe stay-at-home measures have provided Roku with new account growth beyond its initial guidance for the quarter, with the company estimating a net increase of 3 million active accounts from December 31 to March 31, reaching 39.8 million.Roku expects revenue for the quarter to come in between $307 million and $317 million, up by 51% year-over-year, beating its previous call for revenue between $300 million and $310 million, and well ahead of the Street’s call for revenue of $299.8 million.The stock skyrocketed 32% since the earnings announcement, and a few long-time bulls believe there's good reason to be more cautious on the name.5-star Needham analystLaura Martinclick here"We lower our 2Q20 and FY20 forecasts because our channel checks imply US ad weakness for the next 1-2 quarters." Martin noted.Rosenblatt Securities’Mark ZgutowiczBut overall, Zguto
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