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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Roku, Inc.    ROKU

ROKU, INC.

(ROKU)
  Report
Delayed Quote. Delayed Nasdaq - 03/30 04:00:00 pm
89.61 USD   +2.47%
03/17Fox Reaches Out to Morgan Stanley to Sell Stake in Roku
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03/17Stay-at-home stocks soar as Wall Street rebounds
RE
03/13ROKU : Amendment to a previously filed 4
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Fox Reaches Out to Morgan Stanley to Sell Stake in Roku

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03/17/2020 | 03:48pm EDT

By Liz Hoffman and Corrie Driebusch

 

In a market that has companies, investors and bankers spooked, some deals are still happening.

On Monday night, after the U.S. stock market suffered its biggest one-day loss since 1987, Fox Corp. reached out to Morgan Stanley with a request--help the company sell its 5% stake in Roku Inc., according to people familiar with the matter.

The bank put up its own capital to take 6 million shares of Roku off Fox's hands. It quickly sold the stock for $58 apiece to investors before the market opened for trading today.

It turned out to be a savvy bet: Roku shares rose nearly 9% by Tuesday afternoon as the stock market rallied, nearing $70 a share.

Fox has owned a stake in Roku since 2013 but the two sparred earlier this year when Roku threatened to drop Fox stations. Fox has lately been in talks to acquire Tubi, another streaming player.

Fox Corp. and Wall Street Journal parent News Corp share common ownership.

Stocks mentioned in the article
ChangeLast1st jan.
FOX CORPORATION 8.00% 24.31 Delayed Quote.-34.42%
MORGAN STANLEY 2.44% 34.84 Delayed Quote.-31.85%
ROKU, INC. 2.47% 89.61 Delayed Quote.-33.08%
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Latest news on ROKU, INC.
03/17Fox Reaches Out to Morgan Stanley to Sell Stake in Roku
DJ
03/17Stay-at-home stocks soar as Wall Street rebounds
RE
03/13ROKU : Amendment to a previously filed 4
PU
03/11Digital Ad Upfronts Weigh Going Online-Only Amid Coronavirus Fears -- Update
DJ
03/11Digital Ad Upfronts Weigh Going Online-Only Amid Coronavirus Fears
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03/02ROKU : Management's Discussion and Analysis of Financial Condition and Results o..
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02/19ROKU : Thinking about trading options or stock in DISH Network, Facebook, Kraft ..
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02/13ROKU : 4Q Earnings Snapshot
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02/13ROKU, INC : Results of Operations and Financial Condition, Financial Statements ..
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02/13ROKU : Releases Fourth Quarter and Fiscal Year 2019 Financial Results
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More news
Financials (USD)
Sales 2020 1 572 M
EBIT 2020 -163 M
Net income 2020 -160 M
Finance 2020 318 M
Yield 2020 -
P/E ratio 2020 -68,3x
P/E ratio 2021 -106x
EV / Sales2020 6,64x
EV / Sales2021 4,98x
Capitalization 10 751 M
Chart ROKU, INC.
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Roku, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ROKU, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 144,36  $
Last Close Price 89,61  $
Spread / Highest target 123%
Spread / Average Target 61,1%
Spread / Lowest Target -33,0%
EPS Revisions
Managers
NameTitle
Anthony J. Wood Chairman, President & Chief Executive Officer
Scott de Haas Senior VP-Product Engineering & Operations
Steve Louden Chief Financial Officer
Alan S. Henricks Independent Director
Ravi Ahuja Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
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