Twilio (TWLO) Issues Q1 Earnings Guidance

Twilio (NYSE:TWLO) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of ($0.06-0.07) for the period, compared to the Thomson Reuters consensus EPS 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 have commented on TWLO. JPMorgan Chase & Co. upped their price target on shares of Twilio from $40.00 to $42.00 and gave the company an overweight rating in a research report on Wednesday. Drexel Hamilton reiterated a buy rating and set a $47.00 price objective on shares of Twilio in a report on Thursday, December 28th. Canaccord Genuity reiterated a buy rating and set a $38.00 price objective on shares of Twilio in a report on Wednesday, December 6th. Zacks Investment Research upgraded shares of Twilio from a sell rating to a hold rating in a report on Saturday, February 10th. Finally, Robert W. Baird reiterated a buy rating and set a $37.00 price objective on shares of Twilio in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $36.75.

Shares of Twilio (TWLO) opened at $30.72 on Thursday. Twilio has a 52-week low of $22.80 and a 52-week high of $34.74.

In other Twilio news, CFO Lee Kirkpatrick sold 7,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $25.89, for a total value of $181,230.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Karyn Smith sold 4,213 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $25.54, for a total transaction of $107,600.02. The disclosure for this sale can be found here. Insiders sold a total of 33,222 shares of company stock valued at $850,128 over the last ninety days. 25.03% of the stock is currently owned by insiders.

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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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