Dernières nouvelles pour Roku (NASDAQ:ROKU) Stock

Roku

Roku enables consumers to stream television programming. It has more than 80 million streaming households and provided well over 100 billion streaming hours in 2023. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.

Roku Inc

ROKU CL A ORD

Jefferies analyst James Heaney maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Underperform and lowers the price target from $60 to $55.

News

Price Target

Analyst Ratings

ROKU

Jefferies Maintains Underperform on Roku, Lowers Price Target to $55

Wells Fargo analyst Steven Cahall maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Equal-Weight and raises the price target from $72 to $74.

Wells Fargo Maintains Equal-Weight on Roku, Raises Price Target to $74

Ark Funds, led by Cathie Wood, is one of the most well-known fund managers thanks to its actively managed ETFs that focus on future growth <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">areas of innovation.</a>
Two of the fund's ETFs celebrate their 10th anniversaries on Thursday. Here's a look back at the funds' launch and how they've performed over the last 10 years.
Ark Innovation: Wood and<a href="https://www.benzinga.com/topic/ark-funds"> Ark Funds launched</a> the Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) on Oct. 31, 2014. The fund has grown to become the most well-known and largest of the company's funds, with $5.78 billion in assets under management.
"ARRK is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily in domestic and foreign equity securities of companies that are relevant to the Fund's investment theme of disruptive innovation," the company's <a href="https://www.ark-funds.com/funds/arkk">website </a>says.
Disruptive innovation themes include autonomous mobility, precision therapies, next gen cloud, neural networks, intelligent devices, digital wallets, digital assets, smart contracts and multiomic technologies, according to the company.
"ARK defines ‘disruptive innovation' as the introduction of a technologically enabled new product or service that potentially challenges the way the world works."
Here are the current top 10 holdings in the ARKK ETF and their percent of net assets:
<ol>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): 14.1%</li>
<li>Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>): 10.8%</li>
<li>Coinbase Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>): 8.1%</li>
<li>Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>): 6.2%</li>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>): 5.1%</li>
<li>Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>): 5.0%</li>
<li>Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>): 4.9%</li>
<li>CRISPR Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>): 4.5%</li>
<li>Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>): 3.9%</li>
<li>UiPath Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>): 2.9%</li>
</ol>
Since the fund's inception, the ETF is up 161.4%. This return trails the current 10-year return of the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500.
Here's a look at how the returns of ARKK stack up against SPY, which is the <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41407647/spy-reaches-600-billion-in-assets-oldest-us-etf-hits-milestone-as-all-time-highs-conti">oldest and largest </a>U.S. ETF, over time:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Average Annual Returns</td>
<td>ARKK</td>
<td>SPY</td>
</tr>
<tr>
<td>1-Year</td>
<td>+19.9%</td>
<td>+36.2% </td>
</tr>
<tr>
<td>3-Year</td>
<td>-24.3%</td>
<td>+11.8%</td>
</tr>
<tr>
<td>5-Year</td>
<td>+2.6% </td>
<td>+15.8%</td>
</tr>
<tr>
<td>Since ARKK Inception 10/31/14</td>
<td>+10.2%</td>
<td>+13.2% </td>
</tr>
</tbody>
</table>
</figure>
The chart below from <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1">Benzinga Pro </a>shows the 10-year return of ARKK.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1003" height="513" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31133929/Screenshot-224.png" alt="" class="wp-image-624517" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31133929/Screenshot-224.png 1003w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31133929/Screenshot-224-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31133929/Screenshot-224-768x393.png 768w" sizes="(max-width: 1003px) 100vw, 1003px" /></a></figure>
For comparison, here is the 10-year chart of the SPY. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="508" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134001/Screenshot-226.png" alt="" class="wp-image-624522" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134001/Screenshot-226.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134001/Screenshot-226-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134001/Screenshot-226-768x392.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Read Next: <a href="https://www.benzinga.com/markets/penny-stocks/23/08/34102486/exclusive-cathie-wood-tells-benzinga-why-tesla-should-trade-as-a-tech-stock">EXCLUSIVE: Cathie Wood Tells Benzinga Why Tesla Should Trade As A Tech Stock</a>
ARK Genomic: The Ark Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) was also launched by Ark Funds on Oct. 31, 2014. The fund currently has $1.33 billion in assets under management.
"ARKG is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily in domestic and foreign equity securities of companies across multiple sectors, including health care, information technology, materials, energy, and consumer discretionary, that are relevant to the Fund's investment theme of the genomics revolution," the company's <a href="https://www.ark-funds.com/funds/arkg">website </a>says.
Themes for the genomics ETF include precision therapies, multiomic technologies, programmable biology, neural networks, next gen cloud and adaptive robotics, according to the company.
Here are the current top 10 holdings in the ARKG ETF and their percent of net assets:
<ol>
<li>Twist Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>): 8.7%</li>
<li>Recursion Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>): 7.0%</li>
<li>CRISPR Therapeutics: 7.0%</li>
<li>CareDx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>): 5.1%</li>
<li>Adaptive Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>): 4.7%</li>
<li>Veracyte Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VYCT#NASDAQ">VYCT</a>): 4.6%</li>
<li>Ionis Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>): 4.3%</li>
<li>Nurix Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRIX#NASDAQ">NRIX</a>): 4.1%</li>
<li>Natera Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>): 3.8%</li>
<li>10x Genomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>): 3.8%</li>
</ol>
Since the fund's inception, the ETF is up 38.9%. This return trails the current 10-year return of the SPDR S&amp;P 500 ETF Trust.
Here's a look at how the returns of ARKG stack up against SPY over time. &nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Average Annual Returns</td>
<td>ARKG</td>
<td>SPY</td>
</tr>
<tr>
<td>1-Year</td>
<td>-7.9% </td>
<td>+36.2%</td>
</tr>
<tr>
<td>3-Year</td>
<td>-29.9%</td>
<td>+11.8% </td>
</tr>
<tr>
<td>5-Year</td>
<td>-1.9% </td>
<td>+15.8% </td>
</tr>
<tr>
<td>Since ARKG inception 10/31/14</td>
<td>+3.3%</td>
<td>+13.2%</td>
</tr>
</tbody>
</table>
</figure>
Here is the 10-year chart of ARKG. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="993" height="510" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134031/Screenshot-225.png" alt="" class="wp-image-624525" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134031/Screenshot-225.png 993w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134031/Screenshot-225-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/31134031/Screenshot-225-768x394.png 768w" sizes="(max-width: 993px) 100vw, 993px" /></a></figure>
Why It's Important: The charts above show that ARKK and ARKG both experiences several years of strong growth and returns for investors, but have underperformed the broader S&amp;P 500 market index in recent years.
The ETFs were once among the most talked about funds, and the company&#8217;s daily trading activity often moved stocks higher, given Wood's outperformance years ago.
While the S&amp;P 500 ETF rebalances quarterly, the actively managed funds complete trades almost every day. Often, the average cost of shares rises over time for stocks that are going up, potentially hurting the gains.
Ark Funds typically invests in companies that it believes will have strong growth over the next five to ten years, which means the funds&#8217; returns can sometimes take years to pay off.
Wood has been early to many themes, including buying shares of NVIDIA Corporation for around $5 in 2014, before the most recent stock split. The fund later sold out of its position in late 2022 and early 2023 and<a href="https://www.benzinga.com/general/education/24/02/37294405/heres-how-much-cathie-wood-ark-invest-flagship-fund-missed-by-selling-nvidia-early"> missed out on huge gains </a>over the last nearly two years.
The fund manager was also early in the Tesla growth story, <a href="https://www.benzinga.com/news/22/03/26046331/if-you-invested-1-000-in-tesla-when-cathie-wood-made-her-4-000-prediction-heres-how-much-youd-have-n-1" target="_blank" rel="noopener">predicting a $4,000 price target</a> for the electric vehicle company back in February 2018. While Wood was laughed at for the price prediction at the time, the stock would hit the target on a split-adjusted basis in January 2021.
Getting the Tesla prediction right helped elevate Wood's status as a fund manager and led to increased interest in the Ark Funds ETFs.
Although interest in Ark Funds ETFs may have cooled in recent years, many investors still recall their impact and continue to track daily trading activity, watching closely which stocks Wood selects to hold for the next five to 10 years.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34028505/exclusive-why-does-cathie-wood-think-bitcoin-is-going-to-1-million-what-does-she-know-that">EXCLUSIVE: Why Does Cathie Wood Think Bitcoin Is Going To $1 Million — What Does She Know That We Don&#8217;t?</a></li>
</ul>
Image courtesy of Ark Invest and Shutterstock.

Broad U.S. Equity ETFs

Education

Specialty ETFs

Tech

ETFs

ADPT

ARKG

ARKK

CDNA

COIN

CRSP

HOOD

IONS

NRIX

NTRA

PATH

PLTR

RBLX

RXRX

SHOP

TSLA

TWST

VYCT

Cathie Wood's Ark Innovation, Genomic ETFs Celebrate 10 Years: How Annual Returns Stack Up Against S&P 500

Loop Capital analyst Alan Gould maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Hold and raises the price target from $65 to $70.

Loop Capital Maintains Hold on Roku, Raises Price Target to $70

Piper Sandler analyst Matt Farrell maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Neutral and raises the price target from $60 to $75.

Piper Sandler Maintains Neutral on Roku, Raises Price Target to $75

Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares are trading lower on Thursday following the company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41638581/roku-q3-earnings-highlights-revenue-beat-eps-beat-streaming-households-hit-85-5-million">third-quarter financial results</a>.
The Details: Roku reported a loss of 6 cents per share for the third quarter, beating analyst estimates for a loss of 32 cents per share. The company reported sales of $1.06 billion — representing 16% year-over-year growth — beating analyst estimates of $1.01 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Roku reported platform revenue of $908.2 million, up 15% year-over-year, and devices revenue of $154 million, up 23% year-over-year. The company reported average revenue per user of $41.10 on a trailing 12-month basis.
Roku also reported other key pieces of financial data, including adjusted EBITDA of $98.2 million with an adjusted EBITDA margin of 9.2%. In addition, the company reported cash flow from operations of $155.1 million and said the quarter marked its fifth consecutive quarter of positive free cash flow.
Roku reported 85.5 million streaming households in the third quarter, up 2 million quarter-over-quarter, and streaming hours of 32 billion. Streaming hours were up by 5.3 billion hours year-over-year.
Roku also provided an outlook for the current quarter. The company said it anticipates fourth-quarter revenue of $1.14 billion and adjusted EBITDA of $30 million.
Analyst Changes: Following the earnings report, multiple analysts adjusted price targets.
<ul>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating on Roku and raised the price target from&nbsp;$61&nbsp;to&nbsp;$86.</li>
<li>Needham analyst Laura Martin reiterated a Buy rating on Roku and maintained a&nbsp;$100&nbsp;price target.</li>
<li>Macquarie analyst Tim Nollen maintained an Outperform rating on Roku and maintained a $90 price target.</li>
</ul>
See Also: <a href="https://www.benzinga.com/news/24/10/41648885/spacex-ceo-elon-musk-agrees-that-starlink-could-combine-hardware-with-solar-panels-and-batteries">SpaceX CEO Elon Musk Agrees That Starlink Could Combine Hardware With Solar Panels And Batteries</a>
ROKU Price Action: At the time of publication, Roku shares were down 21.6% at 60.76, per data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: renata colella on Shutterstock.

Earnings

Movers

What's Going On With Roku Stock Thursday?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$172.50</td>
<td>$50.8K</td>
<td>6.0K</td>
<td>9.5K</td>
</tr>
<tr>
<td>DJT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$35.00</td>
<td>$35.6K</td>
<td>4.4K</td>
<td>9.2K</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$580.00</td>
<td>$855.9K</td>
<td>6.0K</td>
<td>4.1K</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$180.00</td>
<td>$26.8K</td>
<td>15.7K</td>
<td>3.1K</td>
</tr>
<tr>
<td>FYBR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$37.50</td>
<td>$104.0K</td>
<td>17.5K</td>
<td>3.0K</td>
</tr>
<tr>
<td>ROKU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/17/25</td>
<td>$60.00</td>
<td>$48.1K</td>
<td>28</td>
<td>951</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$80.00</td>
<td>$356.0K</td>
<td>7.2K</td>
<td>800</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$51.7K</td>
<td>20.5K</td>
<td>752</td>
</tr>
<tr>
<td>ASTS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$25.00</td>
<td>$60.0K</td>
<td>19.3K</td>
<td>716</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$95.00</td>
<td>$34.9K</td>
<td>1.0K</td>
<td>596</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on November 1, 2024. Parties traded 422 contract(s) at a $172.50 strike. This particular call needed to be split into 42 different trades to become filled. The total cost received by the writing party (or parties) was $50.8K, with a price of $121.0 per contract. There were 6047 open contracts at this strike prior to today, and today 9593 contract(s) were bought and sold. 
• For DJT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), we notice a put option sweep that happens to be neutral, expiring in 1 day(s) on November 1, 2024. This event was a transfer of 200 contract(s) at a $35.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $35.6K, with a price of $179.0 per contract. There were 4429 open contracts at this strike prior to today, and today 9228 contract(s) were bought and sold. 
• Regarding META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we observe a call option sweep with bearish sentiment. It expires in 15 day(s) on November 15, 2024. Parties traded 710 contract(s) at a $580.00 strike. This particular call needed to be split into 64 different trades to become filled. The total cost received by the writing party (or parties) was $855.9K, with a price of $1200.0 per contract. There were 6075 open contracts at this strike prior to today, and today 4130 contract(s) were bought and sold. 
• Regarding GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we observe a call option trade with bullish sentiment. It expires in 15 day(s) on November 15, 2024. Parties traded 149 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $26.8K, with a price of $180.0 per contract. There were 15707 open contracts at this strike prior to today, and today 3178 contract(s) were bought and sold. 
• Regarding FYBR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>), we observe a call option trade with bullish sentiment. It expires in 15 day(s) on November 15, 2024. Parties traded 2973 contract(s) at a $37.50 strike. The total cost received by the writing party (or parties) was $104.0K, with a price of $35.0 per contract. There were 17528 open contracts at this strike prior to today, and today 3003 contract(s) were bought and sold. 
• Regarding ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we observe a put option trade with bullish sentiment. It expires in 351 day(s) on October 17, 2025. Parties traded 45 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $48.1K, with a price of $1069.0 per contract. There were 28 open contracts at this strike prior to today, and today 951 contract(s) were bought and sold. 
• For DIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), we notice a put option trade that happens to be bullish, expiring in 442 day(s) on January 16, 2026. This event was a transfer of 800 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $356.0K, with a price of $445.0 per contract. There were 7278 open contracts at this strike prior to today, and today 800 contract(s) were bought and sold. 
• For PINS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), we notice a put option trade that happens to be neutral, expiring in 78 day(s) on January 17, 2025. This event was a transfer of 750 contract(s) at a $25.00 strike. The total cost received by the writing party (or parties) was $51.7K, with a price of $69.0 per contract. There were 20572 open contracts at this strike prior to today, and today 752 contract(s) were bought and sold. 
• For ASTS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), we notice a put option sweep that happens to be bullish, expiring in 15 day(s) on November 15, 2024. This event was a transfer of 200 contract(s) at a $25.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $300.0 per contract. There were 19338 open contracts at this strike prior to today, and today 716 contract(s) were bought and sold. 
• For BIDU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), we notice a call option sweep that happens to be bearish, expiring in 8 day(s) on November 8, 2024. This event was a transfer of 250 contract(s) at a $95.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $34.9K, with a price of $140.0 per contract. There were 1094 open contracts at this strike prior to today, and today 596 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ASTS

BIDU

FYBR

GOOG

GOOGL

PINS

10 Communication Services Stocks With Whale Alerts In Today's Session

Macquarie analyst Tim Nollen maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Outperform and maintains $90 price target.

Macquarie Maintains Outperform on Roku, Maintains $90 Price Target

Needham analyst Laura Martin reiterates Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Buy and maintains $100 price target.

Reiteration

Needham Reiterates Buy on Roku, Maintains $100 Price Target

U.S. stock futures were lower this morning, with the Dow futures falling around 0.5% on Thursday.
Shares of The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) fell sharply in today's pre-market trading after the company withdrew its FY25 guidance, citing uncertainties in the timing of market stabilization in mainland China and Asia travel retail, as <a href="https://www.benzinga.com/quote/EL/earnings">well as recent leadership changes.</a>
Estée Lauder shares dipped 17% to $72.30 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) shares dipped 15.3% to $5.62 after the company reported a wider-than-expected quarterly loss.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) declined 15.2% to $65.55 in pre-market trading after reporting third-quarter results.</li>
<li>Smith &amp; Nephew plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNN#NYSE">SNN</a>) fell 13.1% to $25.08 in pre-market trading.</li>
<li>Monolithic Power Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) declined 11.4% to $814.99 in pre-market trading following third-quarter results.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) dipped 10.8% to $25.15 in pre-market trading after the company reported third-quarter sales below estimates.</li>
<li>COMPASS Pathways plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>) shares declined 9.7% to $5.59 in pre-market trading following third-quarter results.</li>
<li>Universal Display Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLED#NASDAQ">OLED</a>) shares dipped 9% to $185.01 in pre-market trading after the company reported worse-than-expected third-quarter revenue results.</li>
<li>eBay Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) declined 8.9% to $57.05 in pre-market trading after the company issued FY24 revenue guidance below estimates.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41622545/wall-streets-most-accurate-analysts-spotlight-on-3-risk-off-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Risk Off Stocks Delivering High-Dividend Yields</a></li>
</ul>

Pre-Market Outlook

Markets

Trading Ideas

CMPS

EBAY

MPWR

OLED

Estée Lauder, Robinhood, eBay And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Rosenblatt analyst Barton Crockett maintains Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Neutral and raises the price target from $61 to $86.

Rosenblatt Maintains Neutral on Roku, Raises Price Target to $86

WIIM

Roku shares are trading lower following Q3 earnings.

Shares of Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) rose in today's pre-market trading after the company reported better-than-expected third-quarter<a href="https://www.benzinga.com/quote/cvna/earnings"> financial results</a>.
Carvana reported third-quarter revenue of $3.66 billion, beating the consensus estimate of $3.45 billion, according to Benzinga Pro. The used car retailer reported third-quarter earnings of 64 cents per share, beating analyst estimates of 17 cents per share.
Carvana shares jumped 20.3% to $249.39 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Root, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) gained 79.1% to $72.50 in pre-market trading following better-than-expected quarterly results.</li>
<li>1847 Holdings LLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#NASDAQ">EFSH</a>) rose 48.4% to $0.5768 in pre-market trading. 1847 Holdings announced the closing of $11.1 million public offering</li>
<li>CPS Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPSH#NASDAQ">CPSH</a>) shares surged 28.3% to $1.86 in pre-market trading after the company announced a $12 million contract to provide power module components and related solutions to a customer.</li>
<li>Alphatec Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATEC#NASDAQ">ATEC</a>) climbed 22.4% to $6.88 in pre-market trading after the company reported better-than-expected third-quarter revenue results and raised its FY24 revenue guidance.</li>
<li>Remitly Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELY#NASDAQ">RELY</a>) shares rose 20.7% to $18.42 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.</li>
<li>LuxUrban Hotels Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) gained 17.8% to $0.0418 in pre-market trading after declining around 14% on Wednesday.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) gained 24% to $101.36 in pre-market trading after the company reported better-than-expected third-quarter financial results and issued fourth-quarter revenue guidance above estimates.</li>
<li>Avadel Pharmaceuticals plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDL#NASDAQ">AVDL</a>) gained 22.2% to $15.78 in pre-market trading. Avadel Pharmaceuticals and nference announced the publication of real-world data in sleep advances.</li>
<li>Day One Biopharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAWN#NASDAQ">DAWN</a>) shares rose 14% to $16.49 in pre-market trading after the company reported better-than-expected third-quarter financial results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Equillium, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQ#NASDAQ">EQ</a>) shares dipped 42% to $0.80 in pre-market trading.</li>
<li>Office Properties Income Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPI#NASDAQ">OPI</a>) shares fell 34% to $1.30 in pre-market trading after the company reported third-quarter results.</li>
<li>MDJM Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDJH#NASDAQ">MDJH</a>) shares fell 33.3% to $0.40 in pre-market trading.</li>
<li>Highest Performances Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPH#NASDAQ">HPH</a>) fell 27.5% to $0.4032 in today's pre-market trading. HPH announced results of its extraordinary general meeting and separate class meeting.</li>
<li>Elevai Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) fell 26.7% to $0.0680 in pre-market trading after declining 7% on Wednesday.</li>
<li>Ensysce Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSC#NASDAQ">ENSC</a>) fell 21.7% to $0.4990 in pre-market trading after jumping 54% on Wednesday.</li>
<li>CalciMedica, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALC#NASDAQ">CALC</a>) shares declined 20.8% to $3.80 in pre-market trading after the company reported the pricing of public offering of common stock.</li>
<li>Solidion Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) declined 16.4% to $0.3940 in pre-market trading. Solidion Technology shares jumped 19% on Wednesday after the company announced its battery scientists have developed a cost-effective strategy for enabling the completion of 5-minute charging for a wide range of lithium batteries.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) shares fell 15.3% to $5.62 after the company reported a wider-than-expected quarterly loss.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) fell 15.2% to $65.55 in pre-market trading after reporting third-quarter results.</li>
</ul>
Now Read This:
<ul>
<li> <a href="https://www.benzinga.com/news/24/10/41622545/wall-streets-most-accurate-analysts-spotlight-on-3-risk-off-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Risk Off Stocks Delivering High-Dividend Yields</a></li>
</ul>

ATEC

Avadel Pharmaceuticals plc - American Depositary Shares each representing one Ordinary Share

AVDL

CALC

CPSH

CVNA

DAWN

EFSH

ELAB

ENSC

LUXH

MDJH

RDDT

RELY

ROOT

Why Carvana Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket

Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) reported third-quarter financial results <a href="https://www.benzinga.com/earnings">after the market close Wednesday.</a>
Here are the key highlights.
What Happened: Roku reported third-quarter revenue of $1.06 billion, up 16% year-over-year. The revenue total beat a Street consensus estimate of $1.02 billion, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent103024&amp;t=be2bearmibe3na1">from Benzinga Pro.</a>
The third quarter marked the company's first quarter of greater than $1 billion in total revenue.
Platform revenue was $908.2 million in the quarter, up 15% year-over-year. Devices revenue was $154 million in the quarter, up 23% year-over-year.
The company reported a loss of 6 cents per share in the third quarter, beating a Street consensus estimate of a loss of 32 cents per share.
Roku reported its fifth straight quarter of positive adjusted EBITDA and free cash flow in the quarter.
The company reported 85.5 million streaming households in the third quarter, up 2 million from the second quarter. Hours streamed were 32 billion, up 5.3 billion hours year-over-year. The company's average revenue per user was $41.10, which was flat on a year-over-year basis. Average streaming hours per streaming household per day was 4.1 hours in the third quarter, up from 3.9 hours in the third quarter of 2023.
Roku reported strong sales of its operating system for television as the No. 1 TV operating system in the U.S., Mexico and Canada in the quarter.
The company's Roku Channel was the No. 3 app on the Roku platform for reach and engagement and saw streaming hours up 80% year-over-year.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41606010/roku-q3-earnings-preview-can-platform-revenue-growth-exceed-expectations">Roku Q3 Earnings Preview: Can Platform Revenue Growth Exceed Expectations?</a>
What's Next: The company said it plans on continuing to grow its streaming households figure in its current markets with a milestone goal of 100 million streaming households, which Roku said it expects to reach in the next 12 to 18 months.
Roku is guiding for fourth-quarter revenue of $1.14 billion, up 16% year-over-year. Platform revenue is guided to grow 16% year-over-year and devices revenue up 25% year-over-year for the fourth quarter.
Fourth-quarter adjusted EBITDA guidance is $30 million.
The company said it is seeing strong political advertising spending that is expected to continue in the fourth quarter.
ROKU Price Action: Roku stock is down 7.4% to $71.75 in after-hours trading Wednesday versus a 52-week trading range of $48.33 to $108.40.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41317241/roku-catches-the-streaming-wave-signals-a-comeback-with-golden-cross">Roku Catches The Streaming Wave, Signals A Comeback With Golden Cross</a></li>
</ul>
Photo via Shutterstock.

Roku Q3 Earnings Highlights: Revenue Beat, EPS Beat, Streaming Households Hit 85.5 Million

Roku shares are trading lower. The company reported Q3 financial results.

Guidance

Roku Sees Q4 Revenue $1.140B; Adj. EBITDA $30.0M

Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.32) by 81.25 percent. The company reported quarterly sales of $1.062 billion which beat the analyst consensus estimate of $1.017 billion by 4.44 percent. This is a 16.45 percent increase over sales of $912.018 million the same period last year.

Earnings Beats

Roku Q3 2024 GAAP EPS $(0.06) Beats $(0.32) Estimate, Sales $1.062B Beat $1.017B Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$180.00</td>
<td>$38.9K</td>
<td>31.4K</td>
<td>73.4K</td>
</tr>
<tr>
<td>DJT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$40.00</td>
<td>$209.6K</td>
<td>7.8K</td>
<td>27.8K</td>
</tr>
<tr>
<td>GOOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$180.00</td>
<td>$41.3K</td>
<td>12.1K</td>
<td>21.8K</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$600.00</td>
<td>$48.2K</td>
<td>7.0K</td>
<td>9.5K</td>
</tr>
<tr>
<td>RDDT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$111.00</td>
<td>$33.6K</td>
<td>0</td>
<td>6.3K</td>
</tr>
<tr>
<td>ROKU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$80.00</td>
<td>$29.7K</td>
<td>3.6K</td>
<td>5.7K</td>
</tr>
<tr>
<td>VZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$40.00</td>
<td>$35.8K</td>
<td>4.8K</td>
<td>1.2K</td>
</tr>
<tr>
<td>TMUS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$200.00</td>
<td>$54.8K</td>
<td>955</td>
<td>485</td>
</tr>
<tr>
<td>SE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$105.00</td>
<td>$35.0K</td>
<td>1.0K</td>
<td>119</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$100.00</td>
<td>$80.7K</td>
<td>1.5K</td>
<td>50</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding GOOGL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on November 1, 2024. Parties traded 400 contract(s) at a $180.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $38.9K, with a price of $97.0 per contract. There were 31465 open contracts at this strike prior to today, and today 73458 contract(s) were bought and sold. 
• Regarding DJT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), we observe a put option sweep with bullish sentiment. It expires in 2 day(s) on November 1, 2024. Parties traded 800 contract(s) at a $40.00 strike. This particular put needed to be split into 57 different trades to become filled. The total cost received by the writing party (or parties) was $209.6K, with a price of $262.0 per contract. There were 7847 open contracts at this strike prior to today, and today 27858 contract(s) were bought and sold. 
• For GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we notice a call option trade that happens to be bearish, expiring in 2 day(s) on November 1, 2024. This event was a transfer of 200 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $41.3K, with a price of $207.0 per contract. There were 12158 open contracts at this strike prior to today, and today 21804 contract(s) were bought and sold. 
• Regarding META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on November 1, 2024. Parties traded 21 contract(s) at a $600.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $48.2K, with a price of $2300.0 per contract. There were 7039 open contracts at this strike prior to today, and today 9513 contract(s) were bought and sold. 
• For RDDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on November 1, 2024. This event was a transfer of 153 contract(s) at a $111.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $220.0 per contract. There were 0 open contracts at this strike prior to today, and today 6361 contract(s) were bought and sold. 
• Regarding ROKU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), we observe a call option sweep with neutral sentiment. It expires in 16 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $80.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.7K, with a price of $596.0 per contract. There were 3650 open contracts at this strike prior to today, and today 5710 contract(s) were bought and sold. 
• Regarding VZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), we observe a put option sweep with bearish sentiment. It expires in 142 day(s) on March 21, 2025. Parties traded 249 contract(s) at a $40.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $144.0 per contract. There were 4841 open contracts at this strike prior to today, and today 1297 contract(s) were bought and sold. 
• Regarding TMUS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), we observe a call option sweep with bullish sentiment. It expires in 51 day(s) on December 20, 2024. Parties traded 22 contract(s) at a $200.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $54.8K, with a price of $2490.0 per contract. There were 955 open contracts at this strike prior to today, and today 485 contract(s) were bought and sold. 
• For SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>), we notice a call option sweep that happens to be bullish, expiring in 233 day(s) on June 20, 2025. This event was a transfer of 28 contract(s) at a $105.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $1250.0 per contract. There were 1043 open contracts at this strike prior to today, and today 119 contract(s) were bought and sold. 
• Regarding BIDU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), we observe a call option trade with bearish sentiment. It expires in 443 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $80.7K, with a price of $1615.0 per contract. There were 1556 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TMUS

As Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) approaches its third-quarter earnings release Wednesday, expectations are high on Wall Street, especially given the company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/08/40116377/roku-stock-climbs-on-strong-q2-results-eps-beat-sales-beat">better-than-expected</a> results in the second quarter. 
What To Know: In the previous quarter, Roku reported a narrower-than-anticipated loss of 24 cents per share, beating analyst estimates by a significant margin and exceeding revenue expectations with a 14.3% year-over-year increase to $968.18 million. 
Platform revenue, a key performance metric, reached $824 million, up 11% from the prior year. With its third-quarter results slated for release after the market closes on Oct. 30, investors will be looking for confirmation of Roku's continued platform revenue growth trajectory and an update on the company&#8217;s strategic initiatives that could impact long-term revenue potential.
Roku is also projecting third-quarter revenue of $1.01 billion and gross profit of $440 million, marking a critical juncture for the company&#8217;s platform-driven growth strategy.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41599323/6-economic-frights-that-could-haunt-markets-this-halloween-a-tipping-point-for-risk">6 Economic Frights That Could Haunt Markets This Halloween: &#8216;A Tipping Point For Risk Appetite,&#8217; Analysts Warn</a>
Analyst Color: In a recent note, Bank of America analysts cite that Roku is entering a period of accelerated growth in platform revenue, with multiple revenue streams poised to contribute. 
The firm has maintained its "Buy" rating and a price target of $90, supported by Roku&#8217;s expansion of partnerships with third-party demand-side platforms (DSPs) and growing engagement through the Roku Home Screen. 
Bank of America analysts project Roku's third-quarter platform revenue to grow by approximately 9% year-over-year, aligning with the company's guidance, but suggest this estimate could be conservative. 
They believe that revenue from political advertising in the fourth quarter, combined with increased ad fill rates and the expansion of new ad verticals, could drive even greater growth by year-end.
An integral part of Roku's strategy is its enhanced partnership with third-party DSPs, which helps improve ad inventory monetization. This development is expected to increase ad fill rates and widen Roku's advertiser base, providing a valuable growth lever. 
Further, Roku is enhancing its home screen monetization by integrating video ads and experimenting with new ad categories outside of media and entertainment.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41598035/paypal-q3-earnings-revenue-falls-short-of-expectations-strong-payment-volume-growth-ceo-sees-15-20-">PayPal Q3 Earnings: Revenue Falls Short of Expectations, Strong Payment Volume Growth, CEO Sees 15%-20% Increase In BNPL</a>
Looking to the fourth quarter and beyond, analysts remain optimistic about Roku&#8217;s ability to sustain EBITDA and free cash flow growth, citing controlled operational expenses and an uptick in revenue as positive factors. 
While the third quarter faces a 200-basis-point year-over-year headwind due to ASC606 accounting standards and challenging comps in the Streaming Services Distribution segment, the fourth quarter is expected to benefit from political ad spending. 
Street estimates anticipate third-quarter platform revenue of approximately $860 million, or a 9.3% year-over-year increase, with fourth-quarter estimates around $917 million, reflecting a 10.6% growth rate.
Additionally, the Street is looking for a net addition of 1.6 million streaming households in the third quarter, bringing Roku's user base to about 85.3 million.
What Else: Roku&#8217;s upcoming earnings call will likely address several areas of strategic interest, including the performance of upfront ad sales, the impact of political ad revenue and any signs of recovery in media and entertainment advertising. Investors will also be eager for updates on Roku's international expansion plans, particularly as the company seeks to capitalize on new markets. 
Additional insights on third-party DSP integration, ad fill rates and the success of Roku-branded TVs will also be in focus as investors gauge Roku's potential to continue scaling its platform and diversifying revenue streams.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41575679/chamath-palihapitiya-says-gen-z-has-decoupled-financial-freedom-from-traditional-9-5-jobs-">Chamath Palihapitiya Says Gen-Z Has &#8216;Decoupled&#8217; Financial Freedom From Traditional 9-5 Jobs, Betting Instead On Bitcoin</a>
<h1 class="wp-block-heading">How To Buy ROKU Stock</h1>
By now you're likely curious about how to participate in the market for Roku &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share. For example, some stocks, such as Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the case of Roku, which is trading at $75.88 as of publishing time, $100 would buy you 1.32 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, ROKU has a 52-week high of $108.40 and a 52-week low of $48.33.
Photos: Shutterstock

Previews

Roku Q3 Earnings Preview: Can Platform Revenue Growth Exceed Expectations?

Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Roku to report an earnings per share (EPS) of $-0.32.
The market awaits Roku's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.19, which was followed by a 3.96% drop in the share price the next day.
Here's a look at Roku's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.43</td>
<td>-0.61</td>
<td>-0.55</td>
<td>-2.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.24</td>
<td>-0.35</td>
<td>-0.55</td>
<td>-2.33</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.0%</td>
<td>-10.0%</td>
<td>-24.0%</td>
<td>31.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730210529_0.png" alt="eps graph" />
<h3>Market Performance of Roku's Stock</h3>
Shares of Roku were trading at $76.05 as of October 28. Over the last 52-week period, shares are up 26.06%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Insights Shared by Analysts on Roku</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Roku.
The consensus rating for Roku is Buy, derived from 21 analyst ratings. An average one-year price target of $84.62 implies a potential 11.27% upside.
<h3>Peer Ratings Comparison</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of TKO Group Holdings, Warner Music Gr and Cinemark Hldgs, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Buy trajectory for TKO Group Holdings, with an average 1-year price target of $139.3, suggesting a potential 83.17% upside.</li>
<li>As per analysts' assessments, Warner Music Gr is favoring an Neutral trajectory, with an average 1-year price target of $34.25, suggesting a potential 54.96% downside.</li>
<li>Cinemark Hldgs received a Outperform consensus from analysts, with an average 1-year price target of $29.0, implying a potential 61.87% downside.</li>
</ul>
<h3>Peers Comparative Analysis Summary</h3>
In the peer analysis summary, key metrics for TKO Group Holdings, Warner Music Gr and Cinemark Hldgs are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Roku</td>
<td>Buy</td>
<td>14.28%</td>
<td>$424.70M</td>
<td>-1.43%</td>
</tr>
<tr>
<td>TKO Group Holdings</td>
<td>Buy</td>
<td>178.90%</td>
<td>$591.37M</td>
<td>1.47%</td>
</tr>
<tr>
<td>Warner Music Gr</td>
<td>Neutral</td>
<td>-0.64%</td>
<td>$724M</td>
<td>30.35%</td>
</tr>
<tr>
<td>Cinemark Hldgs</td>
<td>Outperform</td>
<td>-22.08%</td>
<td>$473.60M</td>
<td>12.97%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Roku ranks at the top for Revenue Growth and Gross Profit among its peers. However, it ranks at the bottom for Return on Equity. Overall, Roku's performance is strong in terms of revenue and profit growth, but its return on equity lags behind its peers.
<h3>Unveiling the Story Behind Roku</h3>
Roku enables consumers to stream television programming. It has more than 80 million streaming households and provided well over 100 billion streaming hours in 2023. Roku is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells and on connected televisions from other manufacturers that license Roku's name and software. Roku also operates the Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from selling devices, licensing, and advertising, and it receives fees from subscription streaming platforms that sell subscriptions through Roku.
<h3>Roku: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Roku showcased positive performance, achieving a revenue growth rate of 14.28% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Roku's net margin excels beyond industry benchmarks, reaching -3.51%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Roku's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -1.43%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Roku's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.82%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Roku's debt-to-equity ratio is below the industry average. With a ratio of 0.26, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<a href="https://www.benzinga.com/quote/ROKU/earnings">To track all earnings releases for Roku visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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