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Why Roku Stock Was Up 12% in August

TheMotleyFool

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Shares of connected-TV platform Roku (NASDAQ: ROKU) were up 12% in August, according to data provided by S&P Global Market Intelligence. The month started with the company reporting earnings that beat estimates on the top and bottom lines; it ended with a competitor quietly validating its business model.

The earnings report, plus a slew of analyst upgrades, contributed to the stock's market-beating performance in August.