Should Investors Forget Twilio and Buy This Cloud Stock Instead?
Cloud-based communications software provider Twilio (NYSE: TWLO) has seen its stock battered badly in 2022. Shares have lost more than 71% of their value as investors haven't bought into the company's impressive growth. Rising interest rates and fears of a recession that could curtail spending on its offerings hampered its momentum.
A similar story unfolded at smaller competitor Bandwidth (NASDAQ: BAND), whose shares have dropped more than 80% so far this year. Bandwidth's drop isn't surprising as the company's bottom-line performance let investors down in 2022. Twilio, meanwhile, projected a much bigger loss than what analysts were looking for in the current quarter.
So, with both cloud stocks trading down big time this year, should investors interested in making a cloud play consider buying the lesser-known Bandwidth, based on its relatively attractive valuation, over Twilio?
Source Fool.com
