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Twilio Inc. (TWLO) provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally.
The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
The firm recently purchased SendGrid. SendGrid provides a cloud-based email delivery service that assists businesses with email delivery. The service manages various types of email including shipping notifications, friend requests, sign-up confirmations, and email newsletters.
On April 30th, Twilio reported a 1st Quarter March 2019 loss of $0.14 per share on revenue of $233.1 million. The consensus earnings estimate was $0.01 per share on revenue of $223.4 million. Revenue grew 80.6% on a year-over-year basis.
The company said it expects second quarter earnings of $0.02 to $0.03 per share on revenue of $262.0 million to $265.0 million. The current consensus estimate is earnings of $0.03 per share on revenue of $253.2 million for the quarter ending June 30, 2019. The company also said it now expects 2019 earnings of $0.11 to $0.13 per share on revenue of $1.102 billion to $1.111 billion. The company's previous guidance was earnings of $0.08 to $0.11 per share on revenue of $1.065 billion to $1.077 billion and the current consensus earnings estimate is $0.10 per share on revenue of $1.07 billion for the year ending December 31, 2019.
Shares are heading higher in an upward trading channel. Shares are presently at the lower boundary of the channel. The 50-day moving average (shown in brown) is supporting the formation.
Entry Point: $134.00
Stop Loss: $127.00
Trading Range: $53.37 to $151.00
Target Price: $147.70
TWLO closed at $149.00
