Netflix will stop working on some Samsung smart TVs

Netflix to disappear on older Samsung smart TVs

Netflix to disappear on older Samsung smart TVs

The firm has a market capitalization of $16.33 billion, a PE ratio of -1,480.75 and a beta of 1.77. Roku's revenue was up 50.5% on a year-over-year basis. Bank of America assumed coverage on Roku in a report on Monday, October 28th.

Shares of Roku (ROKU), a manufacturer of video-streaming hardware, were down on Thursday morning after investors shrugged off third-quarter results that topped guidance because investments in growing the business led to a net loss that more than doubled from a year ago. Roku reported a loss per share of 21 cents, compared to estimates of 24 cents. Roku traded as low as $116.26 and last traded at $118.46, approximately 52,626,805 shares traded hands during mid-day trading. They issued a "sell" rating and a $60.00 price target for the company.

Shares of the San Jose, California company, which reported a wider loss for the September quarter, are valued at an elevated 11 times revenue expected over the next 12 months, compared to a multiple of about 5 for streaming heavyweight Netflix, according to Refinitiv.

At least two analysts increased their price targets for Roku following its report, while Guggenheim analyst Michael Morris cut his price target, maintaining his "buy" rating. Research analysts predict that Roku Inc will post -0.5 EPS for the current year. But Morris reiterated his "buy" rating on the stock as he sees strong long-term potential for user growth. The stock was sold at an average price of $125.10, for a total value of $1,251,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The shares were sold at an average price of $137.75, for a total value of $1,653,000.00. Also, SVP Mustafa Ozgen sold 9,989 shares of the stock in a transaction that occurred on Thursday, September 5th. In the last quarter, insiders have sold 190,419 shares of company stock valued at $26,052,276. The disclosure for this sale can be found here.

In a letter to shareholders, Roku said the entry of SVoD services from major media companies such as Disney+ and Apple TV+ "are likely to reinforce consumer interest in moving from traditional pay TV to streaming - and to the Roku platform". The company operates in two segments, Platform and Player.

'We've notified all impacted members with more information about alternative devices we support so they can keep enjoying Netflix uninterrupted, ' it said.

The number of active user accounts also increased from 30.5 million to 32.3 million.

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