These 5 Moves Are Positioning Twilio Stock for Even More Growth
Twilio (NYSE: TWLO) recently announced record revenue and its largest acquisition ever. The company is executing well, and its stock has rocketed up over 150% since the beginning of the year. Does this customer engagement platform have more fuel left in the tank to propel it even higher? Let's look at five strategic moves that are positioning this software-as-a-service operator to have its best days still ahead.
As part of its S-1 filing to go public, management estimated the addressable market for Twilio's products in 2017 to be $45 billion. Since then, it's added email as a result of its SendGrid acquisition and CCaaS (call center-as-a-service) as part of its app services offering. Between growth and these new offerings, its current addressable market has expanded to $62 billion.
Image source: Twilio investor day presentation -- October 2020. Note: UCaaS=unified communications as a service, CCaaS=call center as a service.
Source Fool.com
