Is Roku Stock a Buy Now?
Roku's (NASDAQ: ROKU) stock sank 23% to its lowest level in over three years after its second-quarter earnings report on July 29. The streaming device and software company's revenue rose 18% year over year to $764 million but missed analysts' estimates by $40 million. It also posted a net loss of $112 million, compared to a net profit of $73 million a year ago, while its net loss of $0.82 per share came in $0.13 below the consensus forecast.
Let's talk about Roku's unsightly quarter, why it's been struggling, and if its stock is worth buying after losing nearly 90% of its value over the past 12 months.
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Source Fool.com
