Today’s Research Reports on Stocks to Watch: AMERI Holdings and Roku

NEW YORK, NY / ACCESSWIRE / June 6, 2018 / There was no particular news to drive shares of Roku higher but they climbed higher anyway. The stock gained almost 6% in Tuesday’s trading session. It was last week that Morgan Stanley upgraded Roku shares to “equal-weight.” Shares of AMERI Holdings also saw gains, in fact huge gains, as the stock closed up over 92%. The company announced a partnership yesterday with Bayestree Intelligence, a machine learning company.

RDI Initiates Coverage on:

AMERI Holdings, Inc.
https://www.rdinvesting.com/report/?ticker=AMRH

Roku, Inc.
https://www.rdinvesting.com/report/?ticker=ROKU

AMERI Holdings, Inc. shares were blasting off in Tuesday trading, to close up 92.52% on skyrocket volume. Volume traded at about 28.3 million shares was explosive compared to the stock’s average volume of just about 97,000 shares. The specialized SAP® cloud, digital and enterprise services company, which is also known as Ameri100, revealed it has entered into a partnership with machine learning company Bayestree Intelligence Inc. CEO of Ameri100, Brent Kelton remarked, “Our partnership with Bayestree will extend Ameri100’s capabilities in support of digital and cloud sales opportunities at the center of enterprises’ business transformations. At a time when SAP is investing in machine learning to simplify enterprises’ transitions to the cloud with S/4 HANA, our ability to use machine learning as an engine to drive enterprises’ digital transformation aligns us with the needs of our clients and is very complimentary to SAP’s products.” CEO of Bayestree Intelligence Avijit Biswas stated, “We are excited to work with Ameri100 and look forward to transforming enterprise customer service.”

Access RDI’s AMERI Holdings, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=AMRH

Roku, Inc. shares closed up almost 6% yesterday on trading volume more than twice as high than average. It was a week ago that Morgan Stanley lifted its rating on the streaming player manufacturer from “underweight” to “equal-weight.” Analyst Benjamin Swinburne wrote in a note, that “solid user and monetization growth, combined with recent multiple compression lead us to upgrade shares.” He also wrote, “Roku benefits from strong secular tailwinds as consumer behavior shifts from viewing TV over traditional distribution (e.g. free-to-air broadcast, cable/satellite/telco) to ‘over-the-top’ (OTT) internet video consumption, indicating potential upside to account growth and the time spent per account. With shares now down over 25% and core fundamentals consistently coming in ahead of our prior expectations … we view current valuation levels at ~6.5x ’19E platform sales as more balanced.”

Access RDI’s Roku, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=ROKU

Our Actionable Research on AMERI Holdings, Inc. (NASDAQ: AMRH) and Roku, Inc. (NASDAQ: ROKU) can be downloaded free of charge at Research Driven Investing.

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