Roku's Quarter Raises Questions About Its Competitive Advantage
It's been a wild ride for Roku (NASDAQ: ROKU) investors over the last few years, and the streaming platform's fourth-quarter earnings report didn't help change the negative market sentiment that has weighed on the stock price lately.
Investors knew supply chain issues would impact sales of smart TVs preinstalled with Roku software. But the level of deceleration in growth across key operating metrics like active accounts, streaming hours, and revenue led one analyst to downgrade the stock to a sell rating, citing increasing competition.
Is competition to blame for Roku's weak performance?
Source Fool.com
