Roku earnings: Will results justify soaring valuation? Roku Inc. stock has been on a rampage since its September trading debut, leaving analysts wondering how much potential upside remains ahead of its earnings call Wednesday.
Valued at $14 by bankers about six months ago, Roku ROKU, +6.34% shares now trade higher than $50, marking a near-fourfold gain for a company that has never turned a full-year profit and has only one profitable quarter on record.
In November, Oppenheimer’s Jason Helfstein downgraded the stock to sell with a $28 price target, specifically because of its lofty valuation. Despite being a leading streaming software and hardware provider, Helfstein wrote that Roku stock “is now the most expensive publicly traded internet-based company, on the basis of platform revenue or platform gross profit.”
Don’t miss: 5 things to know about Roku as it goes public
At the time, Helfstein called the 127% increase in the stock price since third-quarter earnings “decoupled from f..
Trump Jr. ‘likes’ tweets undermining credibility of Florida school-shooting survivors Donald Trump Jr. “liked” a pair of tweets attacking a teen survivor of the mass school shooting in Florida that left 17 people dead — including one that suggests the boy was a fabrication of the “mainstream media.”
The tweets in question note that David Hogg, 17, is the son of a retired FBI agent, and charge that he has slammed President Trump and defended the bureau because Trump has repeatedly slimed the feds.
“@Thomas1774Paine. VIDEO: Outspoken Trump-Hating School Shooting Survivor is Son of FBI Agent; MSM Helps Prop Up Incompetent Bureau,” tweeted a user called Thomas Paine, who added a link to a video on the fringe website True Pundit showing Hogg speaking in favor of stricter gun control.
VIDEO: Outspoken Trump-Hating School Shooting Survivor is Son of FBI Agent; MSM Helps Prop Up Incompetent Bureau https://t.co/AYCNLlXJqx
— Thomas Paine (@Thomas1774Paine) February 20, 2018 “The kid who has b..
Trump moves to ban ‘bump stocks’ after Florida high school massacre President Donald Trump said Tuesday he is moving to impose new regulations that would ban devices that allow certain firearms to function as rapid-fire “machine guns,” coming off the mass shooting at a Florida high school that left 17 people dead.
Trump, speaking at an event in the White House, said he had signed a memorandum directing Attorney General Jeff Sessions to develop regulations that would ban the use of “bump stocks.” While that accessory wasn’t used in last week’s Florida shooting, it was used in the Las Vegas gun massacre in October that stands as the deadliest in U.S. history.
In a statement, the Department of Justice said that it grasps that “this is a priority for the president and [it] has acted quickly to move through the rule-making process. We look forward to the results of that process as soon as it is duly completed.”
The deadly shooting last Wednesday at Marjory Stoneman Douglas High School in..