Roku Stock Is Down 40% From Its High. Time to Buy?

's (NASDAQ: ROKU) stock is down about 40% over the last year. That has some investors questioning whether it presents an opportunity for this entertainment company or it's a sign of further trouble ahead.

Let's explore the reasons behind the declining share price of this digital media player manufacturer, software licenser, video streaming platform, and advertising business. We might also get some insight into whether the stock is a good long-term bet.

Roku is perhaps best known for its Roku operating system (Roku OS), which is found on a slew of third-party TV sets and its internally produced streaming devices. Such is the popularity of these products that Roku OS ranked as the best-selling smart TV system in the U.S. for several years running.

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Source Fool.com