TMTB: ROKU SHOP FTNT previews

We recently launched paid subscriptions.  Complimentary access and initial founding member prices will continue through Wednesday EOD. Earnings previews are only available for Pro-Tier subscribers.

We’ll get into ROKU, SHOP, FTNT below, 3 stocks with fairly mixed sentiment heading into the prints. Apologies for delay in getting some of these previews out - been pretty jammed with the paid launch. Thanks to everyone’s support so far!

Feedback always welcome on these…

ROKU (11/1 AMC, 13% implied move)

Bigger Picture: ROKU positively pre-announced back on Sept 6 and the stock briefly poked its head above $90, before selling off 40%. While they boosted the rev guide to $835m-$875M from $815M and boosted EBITDA to -$20—$40M from -$50M, on the call backs with analysts the company talked down 2024 numbers on the back of weak spend, particularly in M&E sector given Hollywood strikes. 

ROKU has been executing better with Rev and EBITDA numbers having come up 3 times this year.  Bulls point to tha…