Is Roku Stock a Buy?
Roku (NASDAQ: ROKU) continues to achieve one earnings success after another. The most recent quarter brought a massive revenue surge and a surprise profit. As its user base and advertising ecosystem continue to grow, Roku has placed itself at the center of the streaming universe.
However, with these successes comes a higher valuation and a rising price for this communications stock. Despite the high price of entry, Roku remains a buy for three critical reasons.
One has to only look at the company's financials and user count to see the success of its strategy. In the most recent quarter, active accounts rose by 43% year over year to 46.0 million. Streaming hours increased 54%, while average revenue per user (ARPU) surged by 20% over the same period.
Source Fool.com
