Why Twilio, Inc. Stock Rose 14% Today
Shares of cloud-based communications expert Twilio (NYSE: TWLO) rose as much as 13.8% on Tuesday morning, driven by a strong second-quarter earnings report and equally solid next-period guidance.
Twilio reported an adjusted net loss of $0.05 per share and top-line sales of $95.9 million. Analysts would have settled for a $0.11 loss per share on revenue near $84 million. Looking ahead, the maker of cloud-computing software tools for corporate clients set third-quarter targets ahead of the current Street view and increased its full-year guidance projections across the board.
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Source: Fool.com
Twilio Inc Stock
€54.99
-0.050%
Currently there is a rather positive sentiment for Twilio Inc with 31 Buy predictions and 7 Sell predictions.
With a target price of 65 € there is a slightly positive potential of 18.2% for Twilio Inc compared to the current price of 54.99 €.
