Are Roku Shares a Buy After Falling 20% in July?

Motley Fool2022-08-09

What happenedShares of Roku lost 20.2% of their value in July 2022, according to data from S&P Global Market Intelligence. The media-streaming technology company's stock was doing just fine for most ...

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Comments

KeeBoonTong
2022-08-09
KeeBoonTong
Lalalal
JeJu
2022-08-09
JeJu
Ok
JeJu
2022-08-09
JeJu
Ok
jiunnnnn
2022-08-09
jiunnnnn
Still feel doubtful...
JQ Black
2022-08-09
JQ Black
Like
Nutshell
2022-08-09
Nutshell
👍

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The media-streaming technology company's stock was doing just fine for most ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/08/are-roku-shares-a-buy-after-falling-20-in-july/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ROKU","symbol_name":"Roku Inc","start_time":0,"source_url":"https://www.fool.com/investing/2022/08/08/are-roku-shares-a-buy-after-falling-20-in-july/","article_id":"2258448612","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2258448612","pubTimestamp":1660009216,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"The digital media technologist has already staged a solid recovery from the earnings-based plunge, but where will it go from here?","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ROKU":"Roku Inc"},"translate_title":"Roku股票在7月份下跌20%后是买进吗？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ROKU":1},"content_text":"What happenedShares of Roku lost 20.2% of their value in July 2022, according to data from S&P Global Market Intelligence. The media-streaming technology company's stock was doing just fine for most of the month, trading 3.7% higher on the eve of its second-quarter earnings report. Then, Roku reported its financial results on July 28, and share prices plunged 23.1% the next day.So whatRoku's top line rose by 18% in the second quarter of 2022, landing at $764 million. The bottom line swung from earnings of $0.52 per share to a net loss of $0.82 per share. Your average analyst had expected a smaller loss of $0.68 per share on revenue near $806 million. Looking ahead, Roku's management issued Q3 revenue guidance of approximately $700 million, far below the Street's consensus view of $901 million.The sharp price correction that followed made some sense, given the company's dramatic underperformance and management's modest projections for next quarter. Roku is experiencing weak advertising sales due to the challenging economic backdrop. 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Over the weekend, the Senate passed a $750 billion budget reconciliation bill called \"the Inflation Reduction Act,\" which aims to leave more money in consumers' pockets over the next decade. Roku investors hope that this more substantial consumer spending base will inspire companies to reverse course on their reduced advertising budgets. Furthermore, the sturdier personal budgets for ordinary people could increase the demand for Roku-powered smart TV sets and streaming devices.The budget bill isn't a silver bullet to cure every problem in this economy, but it's seen as an essential step toward better days. And even if the recovery takes a while, Roku investors should see generous returns in the long run if they picked up shares during the earnings-related slump -- or even now.Apart from the deep dip of the last two weeks, you must go back to the early COVID-19 plunge of March 2020 to find Roku stock trading below its current price. 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