Twilio Inc. (NYSE:TWLO) Updates FY17 Earnings Guidance
Twilio Inc. (NYSE:TWLO) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of ($0.24-0.22) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.29). The company issued revenue guidance of $371-375 million, compared to the consensus revenue estimate of $359.77 million.Twilio also updated its Q3 guidance to ($0.07-0.08) EPS.
Several equities analysts have recently weighed in on the company. Mitsubishi UFJ Financial Group upgraded Twilio from a neutral rating to a buy rating and set a $35.00 price objective for the company in a report on Tuesday. J P Morgan Chase & Co raised their price objective on Twilio to $40.00 and gave the company an overweight rating in a report on Tuesday. Robert W. Baird raised their price objective on Twilio from $35.00 to $39.00 and gave the company an outperform rating in a report on Tuesday. Canaccord Genuity raised their price objective on Twilio from $32.00 to $38.00 and gave the company a buy rating in a report on Tuesday. Finally, Zacks Investment Research upgraded Twilio from a hold rating to a buy rating and set a $34.00 price objective for the company in a report on Wednesday, July 19th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Twilio has an average rating of Buy and an average target price of $37.36.
Shares of Twilio Inc. (TWLO) opened at 33.58 on Wednesday. The company’s market cap is $3.04 billion. The stock’s 50 day moving average price is $29.39 and its 200-day moving average price is $29.01. Twilio Inc. has a one year low of $22.80 and a one year high of $70.96. Twilio also was the recipient of some unusual options trading activity on Monday. Traders bought 10,933 put options on the stock. This represents an increase of approximately 795% compared to the average daily volume of 1,222 put options.
Twilio (NYSE:TWLO) last posted its quarterly earnings data on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.20). The firm had revenue of $95.90 million during the quarter, compared to analyst estimates of $86.28 million. Twilio had a negative net margin of 13.42% and a negative return on equity of 15.99%. The company’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS. On average, analysts expect that Twilio Inc. will post ($0.29) EPS for the current year.
In other news, CFO Lee Kirkpatrick sold 16,000 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $29.86, for a total transaction of $477,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Karyn Smith sold 5,381 shares of the stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $31.40, for a total transaction of $168,963.40. The disclosure for this sale can be found here. Insiders have sold a total of 45,870 shares of company stock valued at $1,296,550 over the last three months.
Twilio Company Profile
Twilio Inc offers Cloud Communications Platform, which enables developers to build, scale and operate real-time communications within software applications. The Company’s platform consists of Programmable Communications Cloud, Super Network and Business Model for Innovators. Its Programmable Communications Cloud software enables developers to embed voice, messaging, video and authentication capabilities into their applications through its Application Programming Interfaces (APIs).
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