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Roku Stock Surging New Highs-BennetGlobal Hong Kong https://pressreleasepedia.com/roku-stock-surging-new-highs/
Roku Stock Surging New Highs • Shares of Roku, the online media giant have recently seen an influx of positivity in their share price hitting new highs this week, on top of already impressive gains so far in 2019. • The streaming service provider have been making a large headway in the markets so far this year seeing an increase of 271% so far. https://pressreleasepedia.com/roku-stock-surging-new-highs/
Roku Stock Surging New Highs • The question on many people’s minds of course, is what is driving this new rally for the company? • Recently Canadian boutique equity research firm CrispIdea upgraded Roku from a hold recommendation up to a buy. • The company have cited many reasons for the upgrade, however it would seem that the main trigger has been Roku’s impressive revenue growth of late. https://pressreleasepedia.com/roku-stock-surging-new-highs/
Roku Stock Surging New Highs • In recent months Roku have seen soaring numbers in their revenue with an impressive 45% year over year revenue growth for the full year. • More impressive perhaps, is the company’s platform segment, including its advertising revenue which grew over 85% compared to 2017. https://pressreleasepedia.com/roku-stock-surging-new-highs/
Roku Stock Surging New Highs • Continuing into 2019 Roku did not slow down, with revenue accelerating upwards to 51% year over year in the first quarter alone, while platform revenue saw an impressive 79% growth for the first financial quarter. • One of the companies lead drivers to their huge revenue growth is the continuing expansion of their user base. https://pressreleasepedia.com/roku-stock-surging-new-highs/
Roku Stock Surging New Highs • Rokusaw active accounts grow to 27 million in the fourth quarter of 2018, up 40% year over year, which continued into 2019, jumping to more than 29 million active user accounts. • On top of the growing numbers in users, engagement by the users have been surging alongside this, with streaming hours in the first quarter of 2019 topping out at 8.9 billion, up over 74% year over year. https://pressreleasepedia.com/roku-stock-surging-new-highs/
Roku Stock Surging New Highs • Roku does not seem to be stopping the growth, and the company’s unbelievably strong execution has added more fuel to the fire when it comes to their gains. • And for the company, having an analyst upgrade their recommendation or being one of the bestselling products during Amazon’s Prime day, give strong evidence to investors that their growth is just beginning. https://pressreleasepedia.com/roku-stock-surging-new-highs/
Roku Stock Surging New Highs • If Roku continue along the same path that their existing business model has been laying out, the sky really is the limit for the company. • Benjamin Zhou – Bennet Global https://pressreleasepedia.com/roku-stock-surging-new-highs/
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