Roku Plunges on Guidance. Is the Stock a Buy on the Dip?

After trading above $470 per share back in 2021, Roku (NASDAQ: ROKU) stock eventually lost over 90% of its value, and it has continued to struggle to reignite investor enthusiasm. And things got worse last week after the stock plunged following the streaming platform's third-quarter results.The latest sell-off has left its shares down 25% year to date. Let's take a closer look at the company's report to see if this is a buying opportunity or if investors should stay away.Despite the market reaction, Roku's third quarter was actually quite good. Revenue climbed 16% year over year to $1.06 billion, topping $1 billion for the first time and coming in above management's $1.01 billion outlook. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool