Roku Has a Lot to Prove This Week
If Roku (NASDAQ: ROKU) is going to regain its winning ways in 2020, its best shot at success will come on Thursday afternoon, when the streaming video pioneer posts its fourth-quarter results shortly after the day's close. The stock has declined 7% so far this year, a far cry from 2019 when it was the market's best-performing large-cap stock with a 337% ascent.
There's a lot to like when it comes to Roku, but it's also perfectly reasonable for the stock to catch a breath after last year's torrid run. No stock more than quadruples in a year without some degree of profit taking. Roku will have a great opportunity to remind investors why it's become the market darling for the booming streaming niche, and there's obviously a lot at stake when it comes to its upcoming report.
Roku introduced its first soundbar last year. Image source: Roku.
Source Fool.com
