Down 33% From Its High, Is Twilio Stock a Smart Buy?
Cloud communications specialist Twilio (NYSE: TWLO) recently posted strong third-quarter results, beating Wall Street's consensus on both the top and bottom lines. Revenue surged 65% to $740 million, and adjusted profit came in at $0.01 per diluted share.
However, management's guidance fell short of analysts' expectations, and the stock got hammered, falling nearly 18% the following day. After that sell-off, shares of Twilio now trade at a 33% discount to their 52-week high. And many investors are probably wondering: Is now a good time to buy this growth stock?
Here's what you should know.
Source Fool.com
