Twilio Inc. (TWLO) Releases Q4 Earnings Guidance
Twilio Inc. (NYSE:TWLO) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $(0.06)-(0.05) for the period, compared to the Thomson Reuters consensus estimate of ($0.06). The company issued revenue guidance of $102.5-104.5 million, compared to the consensus revenue estimate of $98.66 million.
Several research firms recently commented on TWLO. Vetr upgraded Twilio from a buy rating to a strong-buy rating and set a $34.50 price target for the company in a research report on Wednesday, July 12th. Zacks Investment Research lowered Twilio from a buy rating to a hold rating in a research report on Friday, August 11th. Robert W. Baird lifted their price target on Twilio from $35.00 to $39.00 and gave the stock an outperform rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) reiterated a sell rating and issued a $33.00 price target (up previously from $30.00) on shares of Twilio in a research report on Wednesday, August 9th. Finally, Northland Securities reissued a buy rating and issued a $36.00 price objective on shares of Twilio in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $36.91.
Twilio Inc. (NYSE TWLO) traded down $0.55 during trading on Wednesday, hitting $27.83. 6,012,831 shares of the stock traded hands, compared to its average volume of 1,380,000. Twilio Inc. has a 1 year low of $22.80 and a 1 year high of $38.88.
Twilio (NYSE:TWLO) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.08) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.08). Twilio had a negative net margin of 13.42% and a negative return on equity of 15.40%. The firm had revenue of $100.54 million during the quarter, compared to the consensus estimate of $92.50 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 40.6% on a year-over-year basis. sell-side analysts expect that Twilio Inc. will post -0.7 EPS for the current fiscal year.
In other news, General Counsel Karyn Smith sold 5,381 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $31.48, for a total transaction of $169,393.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Lee Kirkpatrick sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $31.17, for a total transaction of $311,700.00. The disclosure for this sale can be found here. Insiders sold 52,847 shares of company stock worth $1,645,621 over the last ninety days.
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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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