Twilio Inc. (NYSE:TWLO) Issues FY17 Earnings Guidance
Twilio Inc. (NYSE:TWLO) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of ($0.24-0.22) for the period, compared to the Thomson Reuters consensus EPS 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 brokerages have recently commented on TWLO. Zacks Investment Research downgraded shares of Twilio from a buy rating to a hold rating in a research report on Saturday, May 6th. Northland Securities reaffirmed an outperform rating and set a $30.00 price objective on shares of Twilio in a research report on Sunday, May 28th. Mitsubishi UFJ Financial Group reaffirmed a neutral rating and set a $23.00 price objective (down previously from $32.50) on shares of Twilio in a research report on Thursday, May 4th. Summit Redstone reduced their price target on shares of Twilio from $36.00 to $28.00 and set a buy rating for the company in a research report on Wednesday, May 3rd. Finally, Canaccord Genuity reduced their price target on shares of Twilio from $40.00 to $33.00 and set a buy rating for the company in a research report on Thursday, May 4th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $35.97.
Twilio Inc. (NYSE TWLO) traded up 4.52% during trading on Monday, reaching $30.53. 5,075,666 shares of the company’s stock were exchanged. Twilio Inc. has a 12 month low of $22.80 and a 12 month high of $70.96. The firm has a 50 day moving average of $29.13 and a 200-day moving average of $29.02. The stock’s market cap is $2.76 billion.
In other news, General Counsel Karyn Smith sold 5,381 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $31.40, for a total value of $168,963.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard L. Dalzell sold 2,500 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $30.01, for a total value of $75,025.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,870 shares of company stock worth $1,296,550.
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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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