Is Roku Doomed?

Aug. 05, 2022 1:42 PM ETRoku, Inc. (ROKU) StockROKU72 Comments
From Growth to Value
Investing Group Leader

Summary

  • Roku released its Q2 2022 earnings, and the stock dropped like a rock, and I don't even think this was an exaggeration.
  • One of my subscribers sent me a short message: "Is Roku Doomed?" I wrote an article to answer his question.
  • The results were not good, but it was especially guidance that was really bad.
  • We look at what's going on and if the thesis is still intact or not.
  • This idea was discussed in more depth with members of my private investing community, Potential Multibaggers. Learn More »

Roku Shares Slide 25 Percent After Q4 Revenue Drop

Justin Sullivan

Introduction

Last week, Roku (NASDAQ:ROKU) announced its earnings and the stock was down about 25%. I often think that the stock market overreacts in both ways (up and down) but the problem is that I can't even call this particular

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        This article was written by

        From Growth to Value
        33.74K Followers

        From Growth To Value (Kris) is an individual investor with a long-term perspective. He targets high-quality disruptive businesses that have early multibagger potential. His rigorous research process provides him and his readers conviction in these companies.

        He invests personally in the ideas he shares and leads the investing group Potential Multibaggers. Features of the service include: best buy list, access to his personal portfolio and watchlist, 5+ articles of individual stock coverage, weekly reviews, regular webinars, overall quality scores, and a vibrant chat for discussions. Learn more.

        Analyst’s Disclosure:I/we have a beneficial long position in the shares of ROKU, AMZN, GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

        Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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