Why Twilio Stock Jumped 16% the First Half of 2021
Shares of cloud computing company Twilio (NYSE: TWLO) increased 16% during the first half of 2021, according to data from S&P Global Market Intelligence. It was a wild ride getting there, though. In fact, Twilio stock surged as much as 30% higher the first two months of 2021 before selling off hard along with other high-flying tech stocks in the spring. Twilio started to rally in May, though it's still off some 17% from all-time highs as of this writing.
Despite the volatility in stock price, Twilio itself is doing just fine. The company notched year-over-year sales growth of 62% in the first quarter of 2021 to $590 million, or 49% when backing out the results from its acquisition of data management and analytics firm Segment. Management also forecast 47% year-over-year growth in the second quarter.
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Source Fool.com
