Why Roku Stock Is Rising Today
Shares of Roku (NASDAQ: ROKU), a video-streaming platform company, jumped today as investors continue their positive sentiment toward the stock following the company's strong first-quarter financial results that were released late last week.
The tech stock was up by as much as 9.8% today and had gained 6.4% as of 2:18 p.m. ET.
Some investors have become optimistic about Roku stock again after the company beat Wall Street's consensus revenue estimate for the first quarter. The company's sales of $734 million, an increase of 28% year over year, beat analysts' consensus estimate of $718 million.
Source Fool.com
