Reported about 1 month ago
Roku's stock has plummeted 86% from its peak during the pandemic, raising questions about whether now is a good time to invest. While the company has experienced slowing growth and remains unprofitable based on GAAP standards, it did report a 14% revenue gain recently and added 2 million active accounts. Roku benefits from the trend of consumers cutting cable, but faces risks due to dependence on major content providers. Despite these challenges, its current valuation may present an attractive buying opportunity.
Source: YAHOO