TV unit sales have declined in the U.S. as device manufacturers have run into shortages. Roku is eating the costs rather than passing them to customers.
"In essence, Roku is going to grow revenue at a slower than expected pace in combination with a massive ramp in expenses, into potentially a global economic slowdown with increasing levels of competition," Pivotal's Jeffrey Wlodarczak wrote in a note.is still taking market share, but at a more modest pace, Atlantic Equities analysts Kunaal Malde wrote in a note to clients earlier this month. He lowered his rating on the stock to neutral from the equivalent of buy.
A decade ago Wix was growing revenue by 95% a year. But growth dipped into the teens for the first time in the fourth quarter. Wix shares fell 23% on Feb. 16, after the company reported fourth-quarter results, the largest decline since its 2013 Nasdaq debut. Revenue and first-quarter revenue guidance both failed to meet analysts' expectations. The shares are 77% below their 52-week high from April.
"Sales and marketing efficiency is moderating on a gross profit basis," Malde wrote. As it pulls back on spending, "Wix also risks losing incremental share of higher-yielding commerce websites," he added.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: cnni - 🏆 326. / 59 Read more »