Why Roku Stock Skyrocketed 121% in November

Shares of Roku (NASDAQ: ROKU) jumped a staggering 121.7% in November, according to data from S&P Global Market Intelligence, after the company reported strong third-quarter 2017 results that easily surpasses analysts' expectations.

Roku shares were already performing well after the company's IPO earlier this year, but they kicked into high gear after the company reported sales in the third quarter of $124.8 million, a 40% gain year over year, and an earnings-per-share loss of $0.10 per share. Both of those far outpaced analysts' consensus estimates of $110.5 million in revenue and a loss of $1.37 per share.

Image source: Roku.

Source: Fool.com