Is Twilio a Buy After Falling, or Is More Carnage to Come?
Twilio (NYSE: TWLO) is a cloud communication platform that allows software developers to communicate with customers and clients securely and efficiently, anywhere in the world.
The tech stock charged to an all-time high of approximately $150 in July, but has since fallen 30% to $104. Shares took a beating after earnings came out in July, then again on a strange September day when several cloud computing companies plunged on no news, and the stock fell yet again after third-quarter earnings. Clearly, there's negativity surrounding the company's results and outlook, and these negative periods are happening too often.
Twilio is undeniably a high-growth story. The company is forecasting 71.3% revenue expansion for the full year of 2019, roughly half of which is attributable to its February acquisition of SendGrid. As the year has progressed, company management has updated its revenue and earnings guidance favorably.
Source Fool.com
