to hold from buy. The move comes after Roku jumped more than 12% on Wednesday after announcing plans to lay off 10% of its staff, as well as consolidate office space and review its content slate to trim expenses.
Roku had also lifted its third-quarter revenue guidance, saying it now expects revenue to range between $835 million and $875 million, versus prior guidance of $815 million.— The analytics company lost 16.2% in premarket trading after Verint's second-quarter earnings and revenue fell short of expectations. Verint posted adjusted earnings of 48 cents per share, while analysts polled by FactSet forecast 57 cents per share. Revenue came in at $210.2 million, falling short of the estimated $57.
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