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Why Twilio Stock Soared on Friday

TheMotleyFool

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An analyst day presentation from Twilio (NYSE: TWLO), a provider of cloud-based communication tools and services for developers, has investors looking up on Friday. The stock was up 15% as of 1:08 p.m. EDT.

The company's announcement that its third-quarter revenue would be above its previous guidance range for the period likely helped fuel the growth stock's move higher. In addition to updating its view for its just-ended third quarter, management provided an optimistic forecast for its revenue growth potential over the next four years.

Image source: Getty Images.

Source Fool.com

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