Roku ($NYSE:ROKU) has a lot going for it - with the exception of an onslaught of wannabe competitors.
Roku's third quarter earnings broke its success streak and disappointed the market, sending shares down double-digits. But the company's growth continues at an impressive trajectory, and despite the onslaught of streaming competitors, its stock has the potential to rebound. We can start off with LinkedIn employee count, which traced stock to new highs before Thursday's disappointment.
So all the doom and gloom could be shrugged off, after looking at the above chart. The stock is up overall, the number of employees listed on LinkedIn is up, as well. Those two things are correlated, and it seems as though what steers the ship, and what really matters to us, is that customers are happy and are watching more TV and spending more money.
In 2020 Roku will hit a million likes on Facebook, for sure, it's only a matter of time.
Lately, job postings from Roku have dipped, which might be concerning in the market. But all anyone can talk about is the Q3 loss, which is a real shame.Roku announced the results, analysts tracked by Zacks Investment Research were looking at an EPS of -$0.28 and they only lost $0.22 per share.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.