Is Roku Stock a Buy Now?
Roku's (NASDAQ: ROKU) stock sank 18% during after-hours trading on Nov. 2 following the release of its third-quarter earnings report. The streaming platform and device maker's revenue rose 12% year-over-year to $761 million, which beat analysts' estimates by $68 million. It posted a net loss of $122 million, compared to a net profit of $69 million a year earlier -- but, that came out to a net loss of $0.88 per share, which cleared the consensus forecast by $0.41.
Roku passed Wall Street's low bar, but a closer look at its growth metrics and guidance reveals some glaring weaknesses. Should investors still buy Roku's stock as it languishes near its lowest levels in nearly four years?
Image source: Getty Images.
Source Fool.com
