Why Twilio Inc. Stock Dropped 16.6% in November
Shares of Twilio (NYSE: TWLO) fell 16.6% in November, according to data from S&P Global Market Intelligence, despite the cloud communications platform specialist posting strong third-quarter results and increasing its annual guidance. Nearly all of Twilio's drop last month, as a matter of fact, came in the days surrounding the release of its quarterly report.
But those results certainly weren't bad. Revenue soared 41% year over year to $100.5 million, crushing Wall Street's expectations for sales of $92 million. On the bottom line, that translated to an adjusted net loss per share of $0.08, which was in line with consensus estimates. Keep in mind that Twilio consciously forsakes profitability in favor of investing to drive top-line growth in these early stages of its long-term story.
IMAGE SOURCE: GETTY IMAGES
Source: Fool.com
Twilio Inc Stock
The stock is one of the favorites of our community with 50 Buy predictions and 1 Sell predictions.
However, we have a potential of -2.26% for Twilio Inc as the target price of 212 € is below the current price of 216.9 €.
