Twilio Inc (TWLO) Trading Up 7.1%
Twilio Inc (NASDAQ:TWLO) was up 7.1% during mid-day trading on Monday . The company traded as high as $59.00 and last traded at $58.80, with a volume of 4,213,803 shares traded. The stock had previously closed at $54.88.
Several research firms have weighed in on TWLO. JPMorgan Chase & Co. began coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “neutral” rating and a $39.00 price objective for the company. They noted that the move was a valuation call. William Blair restated an “outperform” rating on shares of Twilio in a research report on Thursday, August 11th. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $37.00 price objective (up previously from $33.00) on shares of Twilio in a research report on Thursday, August 11th. JMP Securities restated a “market perform” rating on shares of Twilio in a research report on Thursday, August 11th. Finally, Pacific Crest began coverage on shares of Twilio in a research report on Monday, July 18th. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.67.
The firm’s market cap is $4.98 billion. The stock’s 50-day moving average is $43.00 and its 200 day moving average is $41.24.
Twilio (NASDAQ:TWLO) last announced its earnings results on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ 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. Twilio’s revenue was up 70.0% compared to the same quarter last year. On average, equities research 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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