Twilio (NYSE:TWLO) Earning Somewhat Positive News Coverage, Study Finds
News stories about Twilio (NYSE:TWLO) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Twilio earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 45.8041967857825 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Twilio Inc. (TWLO) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Twilio Inc. (NYSE:TWLO) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Canaccord Genuity Increases Twilio Inc. (NYSE:TWLO) Price Target to $38.00 (leisuretravelaid.com)
- How Attractive Is Twilio Inc (TWLO) Stock After Its Post Earnings Pop? (amigobulls.com)
- Twilio (TWLO) Shows Strength: Stock Adds 9.9% in Session – Nasdaq (nasdaq.com)
TWLO has been the topic of several recent research reports. Canaccord Genuity dropped their price objective on shares of Twilio from $40.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. Summit Redstone dropped their price objective on shares of Twilio from $36.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Drexel Hamilton reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Twilio in a report on Tuesday, May 2nd. Zacks Investment Research raised shares of Twilio from a “sell” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Friday, April 28th. Finally, Vetr downgraded shares of Twilio from a “strong-buy” rating to a “buy” rating and set a $36.20 price objective on the stock. in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.25.
Twilio (TWLO) traded up 3.63% during trading on Friday, reaching $31.38. 3,415,990 shares of the company’s stock were exchanged. The firm’s market capitalization is $2.85 billion. Twilio has a 52 week low of $22.80 and a 52 week high of $70.96. The stock has a 50-day moving average price of $29.93 and a 200 day moving average price of $29.14.
Twilio (NYSE:TWLO) last issued its earnings results on Monday, August 7th. The technology company reported ($0.20) EPS for the quarter, hitting the consensus estimate of ($0.20). The company had revenue of $95.90 million for the quarter, compared to analyst estimates of $86.28 million. Twilio had a negative net margin of 13.42% and a negative return on equity of 15.99%. The business’s revenue was up 48.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. Equities research analysts forecast that Twilio will post ($0.23) earnings per share for the current fiscal year.
In related news, CFO Lee Kirkpatrick sold 10,851 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $25.73, for a total value of $279,196.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Karyn Smith sold 5,213 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $24.59, for a total transaction of $128,187.67. The disclosure for this sale can be found here. Insiders have sold a total of 45,870 shares of company stock worth $1,296,550 over the last 90 days.
Twilio Company Profile
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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