Twilio Inc (TWLO) Issues Q3 Earnings Guidance
Twilio Inc (NASDAQ:TWLO) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ($0.05-0.04) for the period, compared to the Thomson Reuters consensus estimate of ($0.09). The company issued revenue guidance of $70.25-71.25 million, compared to the consensus revenue estimate of $64.37 million.
Several research analysts have recently commented on the stock. Goldman Sachs Group Inc. reissued a neutral rating and issued a $37.00 price objective (up previously from $33.00) on shares of Twilio in a research note on Thursday, August 11th. JMP Securities reissued a market perform rating on shares of Twilio in a research note on Thursday, August 11th. Pacific Crest assumed coverage on shares of Twilio in a research note on Monday, July 18th. They issued a sector weight rating for the company. JPMorgan Chase & Co. assumed coverage on shares of Twilio in a research note 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. Finally, William Blair assumed coverage on shares of Twilio in a research note on Monday, July 18th. They issued an outperform rating for the company. Five 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 target price of $38.75.
Twilio Inc (NASDAQ:TWLO) opened at 52.02 on Tuesday. The company has a 50-day moving average of $58.61 and a 200-day moving average of $49.24. The stock’s market cap is $4.40 billion. Twilio Inc has a 52 week low of $23.66 and a 52 week high of $70.96.
Twilio (NASDAQ:TWLO) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. The company earned $64.50 million during the quarter, compared to analysts’ expectations of $39.95 million. The business’s revenue was up 70.0% on a year-over-year basis. On average, analysts predict that Twilio Inc will post ($0.29) EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in TWLO. Advisor Group Inc. bought a new position in Twilio during the second quarter worth $249,000. KCG Holdings Inc. bought a new position in Twilio during the second quarter worth $298,000. Ameriprise Financial Inc. bought a new position in Twilio during the second quarter worth $443,000. Jane Street Group LLC bought a new position in Twilio during the second quarter worth $492,000. Finally, BlackRock Advisors LLC bought a new position in Twilio during the second quarter worth $656,000.
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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