• Roku Navigates Cyberattack, Beats Earnings, and Analysts Raise Targets - But Sentiment Mixed

  • Nov 12 2024
  • Length: 3 mins
  • Podcast

Roku Navigates Cyberattack, Beats Earnings, and Analysts Raise Targets - But Sentiment Mixed

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  • Summary

  • **Roku (ROKU) Analysis**

    1. **Current Price and Intraday Trading Range**: As of November 6, 2024, ROKU stock price is $72.58 with a recent intraday high of $77.12 and a low of $67.85[2][3].

    2. **Pre-market and After-hours Movement**: No specific pre-market or after-hours data is available in the provided sources.

    3. **Trading Volume vs Average**: On November 6, 2024, ROKU had a trading volume of 2,811,522 shares, but the average volume is not specified in the provided sources[2].

    4. **Recent News or Announcements**: Recent news includes the release of Roku's third-quarter 2024 financial results, which reported $1 billion in revenue and -$0.06 earnings per share, beating revenue expectations by $42 million and exceeding earnings estimates by $0.26[2]. Additionally, there was a cyberattack affecting 576,000 Roku accounts, with hackers making purchases in fewer than 400 cases, prompting Roku to roll out two-factor authentication[1].

    5. **Major Analyst Updates or Price Target Changes**: Piper Sandler raised Roku's price target to $75 from $60[4]. The average price target among analysts is $79.53, indicating a 1.22% upside[4].

    6. **Options Flow Activity**: There are mentions of specific options strategies, such as a bullish calendar call spread at $1.60 and a bearish calendar put spread at $0.76, but no comprehensive options flow data is provided[2][3].

    7. **Related Semiconductor/AI Sector News**: No specific news related to the semiconductor/AI sector affecting Roku is mentioned in the provided sources.

    8. **Key Technical Indicators for Day Trading**: ROKU has a beta of 2.93, indicating high sensitivity to market movements. The stock has a correlation of 0.28 to the SPY ETF. Recent performance shows a 40.5% return in the last 3 months but a -5.5% return in the last 2 weeks compared to the SPY ETF[2]. The support price is $67.85, and resistance is $71.49, based on a 1-day standard deviation move[2].

    **Market Sentiment**: Analyst consensus is a Moderate Buy, with blogger sentiment being 82% bullish. However, crowd wisdom is very negative in the last 7 days, and news sentiment is neutral[4].
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