3 Reasons Roku Stock Can Move Higher This Week

This has been a wild year for investors in Roku (NASDAQ: ROKU), the company behind the leading smart TV operating system in the U.S. In an odd twist, every single one of these things is true:The volatility will only intensify this week. Roku will report its third-quarter results after the market closes on Wednesday, and the stock should be on the move again after the market gets a chance to take in the performance. Let's go over some of the reasons why Roku stock could move higher this week.It has been three months since Roku put out its guidance for the recently ended third quarter. At the time, management was modeling for $1.01 billion in revenue, an 11% year-over-year increase. Analysts are now targeting $1.02 billion, but don't let Wall Street pros getting ahead of the summertime forecast dissuade you.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool