Twilio's (NYSE: TWLO) stock price surged 18% during after-hours trading on Feb. 9 after the cloud-based communications company posted its fourth-quarter earnings report.
Twilio's revenue rose 54% year over year to $842.7 million, which beat estimates by $73.3 million. Its adjusted net loss of $36.3 million marked a significant drop from its net profit of $6.5 million a year ago, but its adjusted loss of $0.20 per share still cleared estimates by two cents.
Those headline numbers look decent, but Twilio's stock remains nearly 50% below its all-time high of $457.30 a share, which it hit during the Reddit-fueled rally last February. Does Twilio's earnings beat indicate it's finally time to buy?
Source Fool.com