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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.
The Company is scheduled to report its results on February 5th. On October 30th, Twilio reported 3rd Quarter September 2019 earnings of $0.02 per share on revenue of $295.1 million. The consensus earnings estimate was $0.01 per share on revenue of $287.7 million. Revenue grew 74.7% on a year-over-year basis.
The company said it expects fourth quarter non-GAAP earnings of $0.01 to $0.02 per share on revenue of $311.0 million to $314.0 million. The current consensus estimate is earnings of $0.07 per share on revenue of $322.0 million for the quarter ending December 31, 2019.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.
Entry Point: $122.50
Stop Loss: $117.00
Trading Range: $89.81 to $151.00
Target Price: $136.00
TWLO closed at $166.75
