Streetbeat News

TWLO

Twilio Inc.

https://www.twilio.com

Industry

Internet Content & Information

Twilio Inc., together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications. The company was incorporated in 2008 and is headquartered in San Francisco, California.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Wells Fargo analyst Michael Turrin has maintained an Equal-Weight rating on Twilio (NYSE:TWLO) and reduced the price target from $70 to $60.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:09 pm

Jefferies analyst Samad Samana maintains a Hold rating on Twilio (TWLO) and lowers the price target from $65 to $60.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 10:37 am

Goldman Sachs analyst Kash Rangan maintains a Neutral rating on Twilio (TWLO) and raises the price target from $69 to $70.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 10:29 am

Twilio shares are trading lower due to overall weakness in tech stocks, despite the company announcing a $2 billion share repurchase authorization and affirming its Q1 guidance. Twilio also provided guidance for FY24 and FY25.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:46 pm

Twilio has reaffirmed its Q1 guidance and provided financial targets for FY24 and FY25, including achieving GAAP operating profitability by Q4 2025 and a non-GAAP income from operations of $550M-$600M for FY24. The company announced an additional $2 billion share repurchase program, on top of the $1 billion program authorized earlier in 2023, with almost $800 million already completed. These announcements reflect Twilio's operational review outcomes and replace previous financial frameworks.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:13 pm

Twilio announced the conclusion of its operational review of its Segment business, targeting break-even non-GAAP income from operations by Q2 2025 and GAAP operating profitability by Q4 2025. The company also announced a $2B expansion of its share repurchase authorization and the appointment of Thomas Wyatt as President of Twilio Segment. Twilio aims to address Segment's underperformance through operational changes and believes retaining Segment will enhance shareholder value. The share repurchase reflects confidence in Twilio's strategy and improved cash flow. Twilio affirms its Q1 2024 guidance and provides targets for FY 2024 and FY 2025.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 2:11 pm

Cathie Wood's Ark Invest sold nearly $31M of Coinbase (COIN) shares as Bitcoin rallies, also reduced Robinhood (HOOD) holdings, while increasing investments in Meta Platforms (META), SOFI Technologies, Roblox (RBLX), and Toast (TOST), and selling Twilio (TWLO) and StoneCo (STNE) shares.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 4:17 am

Cathie Wood's Ark Invest sold $9.3M worth of Coinbase (COIN) shares and Robinhood (HOOD) shares, despite a Bitcoin rally driving optimism in cryptocurrencies. The firm also adjusted its portfolio by buying shares in Unity Software (U), Veracyte (VCYT), and Natera (NTRA), while selling shares in Twilio (TWLO) and Teladoc (TDOC). These moves reflect Ark Invest's strategic adjustments amidst a bullish cryptocurrency market and its broader investment strategy.

Portfolio Pulse from Benzinga Neuro

February 28, 2024 | 3:35 am

Legion Partners, holding 601,050 shares of Twilio, has sent a letter to Twilio's board urging the company to sell its Segment business and significantly expand its stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 12:09 pm

Nvidia (NVDA) experienced a historic surge, adding $273 billion in value in a single day, becoming the 4th largest company globally. This surge followed an earnings call where Nvidia beat revenue and earnings expectations, with optimistic forecasts for the next quarter. Cathie Wood of ARK Innovation ETF (ARKK) sold her Nvidia shares in January 2023, believing Nvidia to be overvalued and preferring smaller AI stocks. Wood's current preferences include UiPath (PATH) and Twilio (TWLO). For bullish traders on ARKK, the AXS 2X Innovation ETF (TARK) offers double the daily return of ARKK, while the AXS Short Innovation Daily ETF (SARK) provides an option for bears, aiming for inverse performance of ARKK.

Portfolio Pulse from Johnny Rice

February 23, 2024 | 9:32 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.