Published: Thu, May 04, 2017
Tech | By Constance Martin

Twilio tops Q1 estimates, lowers guidance for fiscal year

Twilio tops Q1 estimates, lowers guidance for fiscal year

Twilio based in SAN FRANCISCO, United States.

TWLO has been the subject of several recent analyst reports. William Blair reiterated an outperform rating on shares of Twilio in a research note on Tuesday, April 25th.

The company's shares were down 29.6 percent at $23.9 in after-market trading. Analysts mean target price for CYS Investments, Inc. Summit Redstone initiated coverage on Twilio in a research report on Thursday, January 12th. The stock now has a consensus rating of "Buy" and a consensus target price of $39.09. For the quarter, shares have been noted at 17.72%. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating.

The stock added in the prior trading session by 4.05%, closing at the stock price of $34.39.

Shares of cloud platform company Twilio Inc (ticker: TWLO) fell more than 26 percent Wednesday after the company lowered its 2017 guidance.

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In its pre-IPO S-1 form filed previous year, Twilio noted that it generates significant revenue from the Facebook-owned messaging app and warned investors that changes to the relationship could negatively impact revenue. The company's market cap is $2.19 billion. If that breakout triggers post-earnings, then this stock will set up to re-test or possibly take out its next major resistance levels at its 200-day of $38.50 to $38.88, or even $45 to $50 a share. Twilio also was the target of some unusual options trading activity on Monday. The median estimate represents a 12.67% increase from the last price.

"We made continued progress across a number of our key initiatives in the first quarter, delivering further product innovation and adding new customers of all types at a rapid pace around the globe", said Jeff Lawson, Twilio's Co-Founder and Chief Executive Officer. Earnings per share are calculated by dividing a company's net income by its number of shares outstanding. The company earned $87.37 million during the quarter, compared to analysts' expectations of $83.57 million. The stock has earnings growth of 0.00% yoy and showed a low EPS growth of -59.30% over the past five years.

Shares of Twilio (NASDAQ:TWLO) opened at 33.05 on Friday. If you are reading this piece of content on another website, it was stolen and reposted in violation of USA & worldwide trademark & copyright legislation. First Republic Investment Management Inc. acquired a new position in Twilio during the fourth quarter valued at approximately $2,913,000.

In other Twilio news, CFO Lee Kirkpatrick sold 12,757 shares of the business's stock in a transaction that occurred on Thursday, March 16th.

ATR value of company was 1.11. Following the completion of the sale, the director now directly owns 22,058 shares of the company's stock, valued at $709,605.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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