Roku Inc (ROKU)

[Nikodemos]

WATCH & LEARNED as I wrote:

I LOVE this stock & it has done VERY VERY WELL for me. Going to love it more when the weather turns cooler, & as the Fall gives way to Winter!

Went DOWN right into Winter as predicted... With ~60% gains/RETURNS from the sub-$40 test!

Now, lightened up a bit as it's stalled. Had the WEATHER been COLDER across the U.S. (or more 'normal') I think the Q1 numbers would have been STRONGER!! Confirming UPTREND continuation... Now we'll just have to see. Lightened up my holding recently & waiting to either REBUY at the NEXT chart signal or watch a DEEPER retrace before loading this BACK UP again!!

GLA, have loved me some ROKU for quite awhile now!! Having dated this BEAUTY multiple times... Some saw ROKU as a "Cinderella of streaming" but if you followed the innovative, inventive, & VERY EXPERIENCED CEO you'd know he's one to BET ON!! I did, I have, I am & I will likely CONTINUE!! One of the undercover BEST underappreciated strategists in the biz!

[WebSlinger]

<< Roku told investors it had $487 million at the bank >>

That's a lot of cheddar.

[TRUISM]

"Roku told investors it had $487 million at the bank, or about 26% of its cash and cash equivalents, adding that those fund are "largely uninsured."- New York Times

In response to:

ROKU 8k. We have Money at $SIVB that is UNINSURED

TRUISM

[Talc Moan]

ROKU 8k. We have Money at $SIVB that is UNINSURED

WHOOPS!

[UpTickMeA$AP]

Hello? Banker? Anyone there?

Ummm, hoping to make a withdrawal?

Hello?

Hello?

Uh oh!

Hello, you've reached silicon valley bank, no one is currently able to take your call, please leave a....... *Dial tone

Oh shit!

Roku, Inc. (the “Company”) is aware that Silicon Valley Bank (“SVB”) was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (“FDIC”) as receiver. According to the FDIC, all insured depositors of SVB will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of SVB, future dividend payments may be made to uninsured depositors.

The Company has total cash and cash equivalents of approximately $1.9 billion as of March 10, 2023. Approximately $487 million is held at SVB, which represents approximately 26% of the Company’s cash and cash equivalents balance as of March 10, 2023. Approximately $1.4 billion of the Company’s cash and cash equivalents is distributed across multiple large financial institutions. The Company’s deposits with SVB are largely uninsured. At this time, the Company does not know to what extent the Company will be able to recover its cash on deposit at SVB.

Notwithstanding the closure of SVB, the Company continues to believe that its existing cash and cash equivalents balance and cash flow from operations will be sufficient to meet its working capital, capital expenditures, and material cash requirements from known contractual obligations for the next twelve months and beyond.

[tat4tat]

ROOKU on its way to 30.

[eastunder]

Yep. First one filled in six days.

2nd one is still open at 56.96, which I am now tracking that one.

Seems likely though, right? Stupid market!

Simple tag of the fifty day would do the job.

[hawkshaw812]

Looks like those gaps might get filled

[hawkshaw812]

Coming back to life that’s for sure

[HokieHead]

Heading towards $100+. Buys at $61 last week just looking better and better.

[hawkshaw812]

That’s the 64 dollar question wish I new

[HokieHead]

Beast, heading to $100+

[eastunder]

Because you had perfect timing on an excellent move. That doesn't happen very often.

It made a great trade for someone, that's for sure.

[HokieHead]

Why would I have sold, ticker heading back to $100+.

I don’t flip, if earnings/outlook sucked I would have sold for a loss and moved on.

[eastunder]

Hokie- I don't know why but I thought you were trading it?

If I was a betting woman, I would have bet you sold yesterday?

But No? You still in?

[eastunder]

Absolutely!

I have no choice but to keep an eye on those recent gaps. LOL

I'm still building into my position. They give me something to keep an eye on for sport.

[HokieHead]

Where? Lol

[hawkshaw812]

Gona pull back a tad question is how much ?

[eastunder]

Current coverage..

Rosenblatt Adjusts Price Target on Roku to $76 From $44, Maintains Neutral Rating
MT Newswires 11:24 AM ET

--Atlantic Equities Upgrades Roku to Neutral From Underweight, Raises Price Target to $76 From $40
MT Newswires 11:09 AM ET

Oppenheimer Adjusts Roku Price Target to $85 From $75, Maintains Outperform Rating
MT Newswires 9:28 AM ET

Needham & Co Adjusts Roku Price Target to $80 From $65, Maintains Buy Rating
MT Newswires 8:44 AM ET

Pivotal Research Boosts Price Target on Roku to $55 From $40, Sees Less 'Existential Company Risk' After Q4 Beat, Keeps Sell Rating
MT Newswires 8:41 AM ET

Wedbush Raises Price Target on Roku to $80 From $75, Sees Profitability Back in Sight After Q4 Beat, Keeps Outperform Rating
MT Newswires 8:26 AM ET

[eastunder]

Great! I wish it would fill that gap first. (or both gaps?)

I'm still building my positions and I won't add when that's staring me in the face, but that's just me.

[HokieHead]

Thanks, new targets set this for a climb over $100.

[eastunder]

That's a nice position! Kudos!

[eastunder]

ROKU

2/15 close 63.49

[HokieHead]

419 shares.

[eastunder]

When you first posted that

Grabbed $25k $61 today. Looking good now.

I thought you bought 25,000 shares at $61 and I thought Damn! That's impressive. Nice position! ;)

Still nice. What is that? 421 shares?

[eastunder]

I do that kinda stuff all the time. Welcome to my world!

[HokieHead]

Awesome update.

[eastunder]

Roku promises cost cuts, sees robust first-quarter revenue; shares jump
6:34 PM ET, 02/15/2023 - Reuters

By Tiyashi Datta

Feb 15 (Reuters) - Roku Inc said on Wednesday it was keeping a lid on costs and forecast first-quarter revenue above Wall Street estimates, as the company bet on its streaming devices and content platform to drive growth.

Shares of the San Jose, California-based company rose 20% in after-market trading and later pared gains to 10% after Roku also beat fourth-quarter revenue estimates and reported a 16% jump in active users.

Roku, which has benefited from the rise in subscription-based streaming services, has pushed to put out more original content on its own streaming channel to gain subscribers and advertisers.

"Despite tightening advertising budgets in the fourth quarter, ad spend on the Roku platform outperformed the overall ad and traditional TV markets in the U.S.," the company said in a statement.

Advertisers have cut their marketing budgets due to record-high inflation rates. Roku said while pressure on ad budgets would continue in the near term, ad spending from restaurants, travel firms, consumer packaged goods and health and wellness had improved in the first quarter.

"Roku is showing that it has staying power even in the face of increasing competition from other smart TV brands and platforms," said Jamie Lumley, senior analyst at Third Bridge.

Roku's stock, which closed 12% higher, had lost nearly a third of its value in 2022 but is up 56% so far this year.

"Importantly, we plan to continue to improve our operating expense profile to better manage through the challenging macro environment," Roku said in a letter to shareholders, echoing comments from U.S. tech firms that have laid off thousands of employees in the past months.

Roku said in November it would cut 200 jobs in the U.S.

The company forecast revenue of $700 million for the first quarter, 1.3% above expectations, according to Refinitiv. For the quarter that ended Dec. 31, it reported revenue of $867.1 million, beating analysts' estimates of $801.7 million.

On an adjusted basis, Roku posted a loss of $1.70 per share, narrower than an estimated loss of $1.73 per share.

Jeff Wlodarczak, an analyst with Pivotal Research, was skeptical about the share run. He called the guidance "weak" and noted a giant short squeeze in the market this week.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri and Shailesh Kuber)

[hawkshaw812]

Oops 54.20

[HokieHead]

Interesting, Hasn’t been in the low $40s since the first week of January lol.

[hawkshaw812]

I loaded up yesterday @ 44.20 looking really nice ????

[HokieHead]

Grabbed $25k $61 today. Looking good now.

[eastunder]

ROKU

Gap Filled
Direction Date range
up Nov-10-2022 50.5 to 50.86 Filled 12/14 (24 days)

DAY1 above the 20 day sma (headed to the 50?)

[02opida]

Today Roku, Inc.(NASDAQ: ROKU) announced the Roku Premiere will be available exclusively on Black Friday at Walmart for just $19, while supplies last. The Roku Premiere provides customers with endless entertainment in HD (High Definition), 4K and HDR (High Dynamic Range) picture – and offers everything needed to stream with loved ones this holiday season. Additionally, customers will find incredible deals across Roku’s product lineup, including $12 off the 2022 Roku Express ($29.99 MSRP), $25 off the award-winning Roku® Streaming Stick® 4K ($49.99 MSRP), $30 off the Roku Ultra ($99.99 MSRP), and $50 off the Roku® Streambar® ($129.99 MSRP). All are available online at Roku.com and in-store across major retailers nationwide through December 3.

[02opida]

http://ir.roku.com

[02opida]

morning ROKU'ers

[hawkshaw812]

That's going the wrong way .lol think she is going to $ 50.50 time to load up

[eastunder]

ROKU 50.50 tgt to watch

Open Gaps
Direction Date range
up Nov-10-2022 50.5 to 50.86

[hawkshaw812]

Sorry bud I don't get what your saying? Help me out here

[02opida]

G M ROKU'ers

[hawkshaw812]

Yep that's a good read

[02opida]

Today Roku, Inc. (Nasdaq: ROKU) and TCL Electronics announced that TCL Roku TV(TM) models will be coming to Australia. Starting in early November, Australian consumers can purchase 4K UHD TCL Roku TV models in 55- or 65-inch screen sizes.

[eastunder]

ROKU

That gap down in August was Earnings related as well.

Oh. Febs was too. Just checked that. Only earnings that didn't Gap down was Mays.

[hawkshaw812]

Good read thanks for sharing.

[starman2]

https://variety.com/2022/digital/news/roku-q3-2022-results-streaming-accounts-1235420906/

[hawkshaw812]

Wow that was unreal

[hawkshaw812]

What is it this stock just gets on a run and they come out with some stupid pr degrading it . Starting to eretait me .

[hawkshaw812]

Looking like a new low is on the horizon. Yikes

[hawkshaw812]

Are you saying this could go to $20 a share

[hawkshaw812]

Well that was a short run darn it