Is Twilio Stock a Buy?
The average consumer may not know Twilio (NYSE: TWLO), but it has become a hit for investors. The San Francisco-based communications platform-as-a-service (CPaaS) company has experienced a stock price increase of about 240% over the last year. Still, while the company's growth points to a long-term value proposition, it also may indicate that investors should wait for a correction in the tech stock before buying.
Twilio provides what it calls programmable application program interfaces (APIs) that developers can use to enable activities such as chats with customer support, reminders, and video conferences.
Consequently, it powers applications such as the rideshares provided by Lyft and the customer communications for Airbnb. Over 190,000 businesses enable almost 932 billion customer interactions per year through Twilio.
Source Fool.com
