Twilio Inc (TWLO) Trading Down 1.7%
Twilio Inc (NASDAQ:TWLO) dropped 1.7% during mid-day trading on Thursday . The stock traded as low as $56.60 and last traded at $57.86, with a volume of 3,388,879 shares changing hands. The stock had previously closed at $58.86.
Several equities research analysts recently weighed in on TWLO shares. Pacific Crest started coverage on Twilio in a report on Monday, July 18th. They issued a “sector weight” rating for the company. William Blair started coverage on Twilio in a report on Monday, July 18th. They issued an “outperform” rating for the company. Canaccord Genuity started coverage on Twilio in a report on Monday, July 18th. They issued a “hold” rating and a $40.00 target price for the company. JMP Securities started coverage on Twilio in a report on Monday, July 18th. They issued a “market perform” rating for the company. Finally, Goldman Sachs Group Inc. started coverage on Twilio in a report on Monday, July 18th. They issued a “neutral” rating and a $33.00 target price for the company. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Twilio presently has an average rating of “Hold” and an average price target of $38.67.
The firm’s market cap is $4.60 billion. The company has a 50-day moving average of $41.98 and a 200 day moving average of $40.55.
Twilio (NASDAQ:TWLO) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.07. The business earned $64.50 million during the quarter, compared to the consensus estimate of $39.95 million. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. On average, analysts anticipate that Twilio Inc will post ($0.29) earnings per share for the current 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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