Twilio Inc (TWLO) Hits New 1-Year High at $62.39
Twilio Inc (NASDAQ:TWLO) shares hit a new 52-week high during trading on Monday . The stock traded as high as $62.39 and last traded at $61.49, with a volume of 9,351,879 shares traded. The stock had previously closed at $53.29.
Several brokerages have recently commented on TWLO. Pacific Crest began coverage on Twilio in a report on Monday, July 18th. They issued a “sector weight” rating on the stock. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $37.00 target price (up from $33.00) on shares of Twilio in a report on Thursday, August 11th. William Blair reissued an “outperform” rating on shares of Twilio in a report on Thursday, August 11th. JMP Securities began coverage on Twilio in a report on Monday, July 18th. They issued a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. began coverage on Twilio in a report on Monday, July 18th. They issued a “neutral” rating and a $39.00 target price on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Twilio has a consensus rating of “Hold” and an average price target of $38.67.
The company’s market capitalization is $5.02 billion. The firm has a 50-day moving average of $41.15 and a 200-day moving average of $40.07.
Twilio (NASDAQ:TWLO) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The company earned $64.50 million during the quarter, compared to the consensus estimate of $39.95 million. Twilio’s quarterly revenue was up 70.0% on a year-over-year basis. On average, equities analysts expect that Twilio Inc will post ($0.29) earnings per share for the current fiscal year.
Twilio Inc offers Cloud Communications Platforms. The Company enables developers to build, scale and operate real-time communications within software applications. It Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications via its Application Programming Interfaces.
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