Twilio Inc (TWLO) Issues Q3 Earnings Guidance
Twilio Inc (NASDAQ:TWLO) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of ($0.05-0.04) for the period, compared to the Thomson Reuters consensus EPS 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.
Twilio Inc (NASDAQ:TWLO) opened at 52.02 on Tuesday. The company’s 50 day moving average is $58.61 and its 200 day moving average is $49.24. The company’s market cap is $4.40 billion. Twilio Inc has a 1-year low of $23.66 and a 1-year high of $70.96.
Twilio (NASDAQ:TWLO) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The firm had revenue of $64.50 million for the quarter, compared to analyst estimates of $39.95 million. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. Equities research analysts forecast that Twilio Inc will post ($0.29) EPS for the current year.
Several research firms recently issued reports on TWLO. Pacific Crest began coverage on shares of Twilio in a research report on Monday, July 18th. They set a sector weight rating for the company. Argus began coverage on shares of Twilio in a research report on Thursday, August 25th. They set a hold rating and a $39.00 price objective for the company. They noted that the move was a valuation call. Goldman Sachs Group Inc. restated a neutral rating and set a $37.00 price objective (up from $33.00) on shares of Twilio in a research report on Thursday, August 11th. William Blair restated an outperform rating on shares of Twilio in a research report on Thursday, August 11th. Finally, JMP Securities initiated coverage on shares of Twilio in a research report on Monday, July 18th. They set a market perform rating for the company. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Twilio has a consensus rating of Hold and an average price target of $38.75.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC bought a new position in shares of Twilio during the second quarter valued at $38,658,000. FMR LLC acquired a new position in Twilio during the second quarter valued at approximately $25,247,000. Jefferies Group LLC acquired a new position in Twilio during the second quarter valued at approximately $18,250,000. Capital World Investors acquired a new position in Twilio during the second quarter valued at approximately $15,513,000. Finally, BlackRock Group LTD acquired a new position in Twilio during the second quarter valued at approximately $5,980,000.
Twilio Company Profile
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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