Roku Inc ROKU shares are trading higher by 4.03% to $54.50 Monday afternoon amid strength in streaming stocks following a strong earnings report from Netflix last week.
What Happened?
Netflix shares are leading the streaming sector higher after the company last week reported better-than-expected fourth-quarter sales results and issued first-quarter sales guidance above estimates. The company also reported its fourth-quarter global streaming paid memberships were up 4% year-over-year.
Netflix said it ended the quarter with 230.75 million paid subscribers after adding 7.7 million during the quarter, which was well ahead of company expectations of 4.5 million.
Paid subscribers are up from 223.9 million sequentially and up from 221.84 million on a year-over-year basis...Read More
According to data from Benzinga Pro, Roku Inc has a 52-week high of $177.96 and a 52-week low of $38.26.
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