$ROKU Part 1: The Microsoft of television!
Meet the company that can no longer be ignored:
Who is Roku? Roku develops an operating system for televisions and licenses it to manufacturers. This is the part of Roku's business that is exploding and shows no signs of slowing down, similar to Microsoft's 'Windows' which over the years made it one of the largest companies in the world!
Roku operates in the communications and streaming sector, it provides streaming services worldwide.
The company provides its users access to movies, series, sports broadcasts, and news.
Company growth: In 2016, the company reported revenue of $320 million. In 2020, the company reported revenue of nearly $2 billion!
This represents 550% growth in just 5 years!
Roku is on tens of millions of televisions, and this number is only growing: (which makes it very interesting, in my personal opinion, for the long term!)
Upcoming events: On 03.11.21, the company is expected to release its quarterly report. (Note that the company has consistently beaten estimates, except for one time.) This time, profit forecasts are higher than ever, and this should be taken into account.
Current price: $306.40. Market cap: $40 billion. Risk level: medium. Company name: Roku.
Continuation and technical analysis in the next post: