Why Twilio Shares Sank Today
Shares of (NYSE: TWLO) fell 18.9% on Friday, as of 3:47 p.m. ET.
Twilio reported earnings last night, and while results beat analyst expectations on all counts, it seems the company's guidance disappointed -- enough to cause today's severe sell-off.
In the second quarter, Twilio grew revenue 13% to $1.23 billion, with adjusted (non-GAAP) earnings per share of $1.19. Both figures handily beat analyst expectations. Underlying metrics were also strong, with the total customer count up 10% year over year and the dollar-based net expansion rate -- how much money existing customers grew their spending relative to last year, net of churn -- came in at 108%, an acceleration over the 102% rate in the year-ago quarter.
Source Fool.com
Twilio Inc Stock
€104.46
-6.300%
The stock is one of the favorites of our community with 49 Buy predictions and 3 Sell predictions.
As a result the target price of 127 € shows a positive potential of 21.58% compared to the current price of 104.46 € for Twilio Inc.
