Twilio Inc. (TWLO) Issues Q3 Earnings Guidance
Twilio Inc. (NYSE:TWLO) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of ($0.07-0.08) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.08). The company issued revenue guidance of $91-93 million, compared to the consensus revenue estimate of $89.72 million.Twilio also updated its FY17 guidance to ($0.24-0.22) EPS.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Twilio from a hold rating to a buy rating and set a $34.00 price objective for the company in a research note on Wednesday, July 19th. Vetr lowered shares of Twilio from a strong-buy rating to a buy rating and set a $32.34 price objective for the company. in a research note on Monday, June 26th. Drexel Hamilton reiterated a buy rating and issued a $44.00 target price on shares of Twilio in a research report on Thursday, May 25th. Summit Research cut their target price on shares of Twilio from $36.00 to $28.00 and set a buy rating for the company in a research report on Thursday, May 4th. Finally, Canaccord Genuity cut their target price 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 research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $35.97.
Twilio Inc. (NYSE TWLO) traded up 4.52% on Monday, hitting $30.53. 4,989,767 shares of the stock were exchanged. The company has a 50 day moving average of $29.13 and a 200 day moving average of $29.02. Twilio Inc. has a one year low of $22.80 and a one year high of $70.96. The stock’s market capitalization is $2.76 billion.
In related news, General Counsel Karyn Smith sold 5,381 shares of the stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $31.40, for a total transaction of $168,963.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $75,025.00. The disclosure for this sale can be found here. Insiders sold 45,870 shares of company stock valued at $1,296,550 in the last quarter.
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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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