Tech & Science : Roku tumbles 15% as Morgan Stanley warns of streaming 'exuberance' - - PressFrom - Australia
  •   
  •   

Tech & Science Roku tumbles 15% as Morgan Stanley warns of streaming 'exuberance'

23:10  02 december  2019
23:10  02 december  2019 Source:   reuters.com

Woman killed in second fatal Tasmanian ATV crash in less than a week

  Woman killed in second fatal Tasmanian ATV crash in less than a week An ATV crash that killed a woman on Saturday is Tasmania's second fatal ATV crash in less than a week.Tasmanian police said the woman was riding a quad bike on uneven ground at a farm on Main Road, Stanley, on Saturday afternoon when the vehicle rolled and she was trapped underneath.

Morgan Stanley analyst Benjamin Swinburne cut Roku to "underweight" from "equal-weight" and trimmed his price target by to 0, warning of "overall exuberance over all things streaming ." The stock fell .50 to 6.87 shortly after midday. A major winner in the consumer shift away from

Roku tumbles 15 % as Morgan Stanley warns of streaming ' exuberance '. Reuters. Trump Ties Brazil, Argentina Steel Tariffs to U.S. Farm Woes.

a close up of a sign: FILE PHOTO A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York© Reuters/Brendan McDermid FILE PHOTO A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York

Roku Inc's high-flying stock tumbled 15% on Monday after Morgan Stanley downgraded the video streaming company, warning that revenue and profit growth could slow next year.

Morgan Stanley analyst Benjamin Swinburne cut Roku to "underweight" from "equal-weight" and trimmed his price target by $10 (AUD$14.65) to $110 (AUD$161.24), warning of "overall exuberance over all things streaming."

The stock fell $23.50 (AUD$34.44) to $136.87 (AUD$ 200.63) shortly after midday.

Ryan Reynolds Drops By Will Ferrell's Hilariously Awkward 'Saturday Night Live' Monologue

  Ryan Reynolds Drops By Will Ferrell's Hilariously Awkward 'Saturday Night Live' Monologue Ferrell hosted a cameo-filled new episode of 'SNL' over the weekend.Will Ferrell returned to the Saturday Night Live stage, and became one of the few members of SNL's exclusive Five-Timers Club (as in, celebs who have hosted five or more times) who was also a castmember.

Li Yi, a fund manager at Morgan Stanley Huaxin Fund Management Co., whose onshore China bond fund has outperformed 95% of Used car dealers didn’t want to fix deadly defects, so they wrote a law to avoid it. USA TODAY. Roku tumbles 15 % as Morgan Stanley warns of streaming ' exuberance '.

Roku tumbles 15 % as Morgan Stanley warns of streaming ' exuberance '. McDonald’s to rival Chick-fil-A, Popeyes in chicken sandwich wars. Fox Business. Top trending: FBI warns of potential smart TV security risks; at least 20 killed in Mexico shootout.

A major winner in the consumer shift away from cable television in favor of Netflix and other streaming services, Roku's stock has gained more than 300% in 2019, even after Monday's slump.

Shares of the San Jose, California company, which reported a wider loss for the September quarter, are valued at an elevated 12 times revenue expected over the next 12 months, compared to a multiple of about 6 for streaming leader Netflix, according to Refinitiv.

"We believe there are risks to growth expectations not reflected in current valuation levels. Specifically, we think revenue and gross profit growth slow meaningfully in '20 and the multiple compresses," Swinburne wrote in a report.

Competition in the streaming market is increasing rapidly, with Walt Disney Co and Apple Inc launching new services last month. AT&T Inc's HBO Max and a new offering from Comcast Corp are expected to enter in 2020.

Man jailed for at least 20 years for 'brutal' bashing murder of Mark Boyce at Elizabeth South

  Man jailed for at least 20 years for 'brutal' bashing murder of Mark Boyce at Elizabeth South A man found guilty of the bashing murder of Mark Boyce is jailed for at least 20 years for what the court heard was a savage and completely unjustified attack.Supreme Court Justice Tim Stanley sentenced Joshua Roy Grant, 27, to life imprisonment with a non-parole period of 20 years for the murder of Mark Boyce.

Morgan Stanley lowered its rating of Roku to ‘underweight’ from ‘equal weight.’ Yahoo FInance’s Jared Blikre joins Seana Smith on The Ticker to discuss. Insider Monkey. Roku Plunges After Morgan Stanley Warning About Growth Risks. Bloomberg.

Roku tumbles 15 % as Morgan Stanley warns of streaming ' exuberance '. Reuters. 'Ok Boomer' signals tensions between generations about retirement self-sufficiency.

Reflecting growing competition in hardware used to deliver streaming services, Roku's stock tumbled 28% over three days in September after Comcast said it would offer internet customers a streaming media set-top box for free.

Monday's drop in Roku's stock was on track to be just a bit less than the 16% sell-off from Nov. 7 after the company's quarterly report failed to satisfy investors, even after its net loss and revenue exceeded analysts' average expectations.

Also on Monday, Netflix fell 2.2%, trimming its gain in 2019 to 15%. Over last week's U.S. Thanksgiving holiday, the company began streaming its hit mobster movie "The Irishman," which JPMorgan said could boost its shares.

As the streaming video market has become more crowded, Roku has shifted its focus from device sales to advertising, which is now the company's fastest-growing revenue stream.

Eleven analysts recommend buying Roku's stock, while three recommend selling and another three are neutral.

'Why does my Roku keep buffering?': How to fix Roku streaming issues in 3 ways .
If your Roku keeps buffering and you can't stream video effectively, there are a few ways you can fix it. You should first check the Wi-Fi signal strength on your Roku - if it's poor, you can improve the signal by moving your Wi-Fi router closer to your Roku device, reducing the use of other devices on the network, or upgrading your router. It's also a good idea to restart your Roku, or even try to manually reduce the bitrate your Roku is using to stream.Visit Business Insider's homepage for more stories.Because Roku media players are streaming devices, there may be times when video doesn't play smoothly.

—   Share news in the SOC. Networks
usr: 1
This is interesting!