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Roku Stock Could Head Higher on Friday
Roku hit a new 52-week high after its last quarterly report. It's on the earnings calendar again this week.
Like a limited series on a streaming service, it seems as if Roku (NASDAQ: ROKU) can't hold investor attention for long. Shares of the company behind the leading operating system for streaming TV soared to a fresh 52-week high after posting blowout financial results in mid-February. The stock has gone on to shed more than a third of its value since that short-lived peak.
The stage could be set for a repeat performance when it reports its first-quarter results after market close on Thursday. Can Roku deliver another stock-popping moment? Can the upticks last longer than last time?
Let's take a closer look at Roku as it gears up for a critical earnings report this week.
