Roku, Inc.
Short

Was the ROKU sell-off predictable?

413
I warned you about than since i saw the Double Top Bearish Chart Pattern of ROKU last year:
ROKU double TOP | Less Streaming Viewing

and then the Netflix earnings, thinking ROKU, as a former Netflix project, will be next:
ROKU the next Netflix ?


Now, after the earnings, i see a retracement to the May 2019 level.

Net Sales: $865.3 million vs. $894 million expected
Diluted EPS: $0.18 vs. $0.05 expected

For 2022 Roku sees adjusted EBITDA similar to 2020 levels of $150 million vs The Street estimates of $535 million in adjusted operating profits.

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