This Growth Stock Has Soared 140% in 2020, But Can it Go Higher?
Twilio (NYSE: TWLO) set the stock market on fire in the first half of 2020 despite getting off to a tentative start on account of terrible bottom-line guidance that left investors panicking in February.
The novel coronavirus pandemic seems to have given the cloud communications specialist's business a shot in the arm as it provides a service that enables organizations to sustain their contact center operations remotely. So, when Twilio delivered its first-quarter report for fiscal 2020, its earnings of $0.06 per share blasted past the Wall Street estimate that called for a loss of $0.11 per share.
That impressive performance and the signs of a substantial uptick in Twilio's business in the wake of the COVID-19 outbreak have led to a hot stock market rally. But has Twilio run too far too soon? Will it be able to deliver enough growth in the coming quarters to sustain its terrific momentum? Let's find out.
Source Fool.com
