Twilio (NYSE:TWLO) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of ($0.06-0.07) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.05). The company issued revenue guidance of $115-117 million, compared to the consensus revenue estimate of $108.17 million.Twilio also updated its FY18 guidance to ($0.10-0.14) EPS.
A number of brokerages recently weighed in on TWLO. BidaskClub cut shares of Twilio from a buy rating to a hold rating in a report on Saturday, November 4th. Zacks Investment Research downgraded shares of Twilio from a hold rating to a sell rating in a research note on Tuesday, January 23rd. Drexel Hamilton reiterated a buy rating and issued a $47.00 price target on shares of Twilio in a research note on Monday, December 4th. Northland Securities set a $36.00 price target on shares of Twilio and gave the stock a buy rating in a research note on Monday, November 13th. Finally, Robert W. Baird reiterated a buy rating and issued a $37.00 price target on shares of Twilio in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Twilio currently has an average rating of Buy and a consensus price target of $36.61.
Shares of Twilio (TWLO) traded up $0.65 during trading hours on Tuesday, hitting $26.44. 3,990,179 shares of the stock traded hands, compared to its average volume of 1,483,753. The stock has a market cap of $2,440.00 and a P/E ratio of -36.05. Twilio has a twelve month low of $22.80 and a twelve month high of $34.74.
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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