Twilio to Announce Second Quarter 2023 Results on August 8, 2023
SAN FRANCISCO--(BUSINESS WIRE)--Jul. 11, 2023--Twilio Inc. (NYSE: TWLO), the customer engagement platform that drives real-time, personalized experiences for today’s leading brands, today announced that its second quarter 2023 results will be released on Tuesday, August 8, 2023, after market close. Twilio will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) on Tuesday, August 8, 2023, to discuss its results with the investment community. Investors and analysts should register for the call in advance by visiting https://conferencingportals.com/event/unKcrkys. A live webcast will also be available on the Twilio Investor Relations website at https://investors.twilio.com. A replay will be available at (800) 770-2030 (U.S.) or (647) 362-9199 (non-U.S.) with conference ID 80378 until 11:59 p.m. (ET) on August 15, 2023.
Twilio uses its investor relations website (https://investors.twilio.com), its Twitter feed (@twilio), and the Twitter feed of Twilio's Chief Executive Officer, Jeff Lawson (@jeffiel), as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Today's leading companies trust Twilio's Customer Engagement Platform (CEP) to build direct, personalized relationships with their customers everywhere in the world. Twilio enables companies to use communications and data to add intelligence and security to every step of the customer journey, from sales to marketing to growth, customer service and many more engagement use cases in a flexible, programmatic way. Across 180 countries and territories, millions of developers and hundreds of thousands of businesses use Twilio to create magical experiences for their customers. For more information about Twilio (NYSE: TWLO), visit: www.twilio.com.
Morgan Stanley Boosts Price Target on Twilio to $75 From $65, Maintains Overweight Rating
07:09 AM EDT, 07/19/2023 (MT Newswires) -- Twilio (TWLO) has an average investment rating of outperform among analysts polled by Capital IQ, with price targets ranging from $50 to $110.
Piper Sandler Downgrades Twilio to Neutral From Overweight, Raises Price Target to $71 From $56
06:52 AM EDT, 07/17/2023 (MT Newswires) -- Twilio (TWLO) has an average rating of outperform and price targets ranging from $50 to $110, according to analysts polled by Capital IQ.
Twilio Announces Fourth Quarter and Full Year 2022 Results
February 15 2023 - 04:05PM
Fourth Quarter Revenue of $1.02 billion, up 22% Year-Over-Year
Moving to a Business Unit structure and announcing four executive updates
Authorized a $1.0 billion share repurchase program
Reduced workforce by 17% and further rationalizing cost base
Twilio (NYSE: TWLO), the customer engagement platform that drives real-time, personalized experiences for today’s leading brands, today reported financial results for its fourth quarter and full year ended December 31, 2022.
“This week, we announced meaningful changes to Twilio’s leadership group, organizational structure, team size and capital allocation strategy that will both accelerate our path to profitability and most importantly, improve our execution in delivering our Engagement Platform strategy for our customers,” said Jeff Lawson. “While our vision remains, the way we operate and execute has changed — all in service of driving better focus for the business and ultimately enhancing value creation for our shareholders.”
Fourth Quarter 2022 Financial Highlights
Revenue of $1.02 billion for the fourth quarter of 2022, up 22% year-over-year. Organic revenue grew 21% year-over-year.
GAAP loss from operations of $218.6 million for the fourth quarter of 2022, compared with GAAP loss from operations of $283.6 million for the fourth quarter of 2021.
Non-GAAP income from operations of $32.9 million for the fourth quarter of 2022, compared with non-GAAP loss from operations of $27.2 million for the fourth quarter of 2021.
GAAP net loss per share attributable to common stockholders, basic and diluted, of $1.24 based on 185.1 million weighted average shares outstanding in the fourth quarter of 2022, compared with GAAP net loss per share attributable to common stockholders, basic and diluted, of $1.63 based on 178.9 million weighted average shares outstanding in the fourth quarter of 2021.
Non-GAAP net income per share attributable to common stockholders, diluted, of $0.22 based on 187.2 million non-GAAP weighted average shares outstanding in the fourth quarter of 2022, compared with non-GAAP net loss per share attributable to common stockholders, diluted, of $0.20 based on 178.9 million non-GAAP weighted average shares outstanding in the fourth quarter of 2021.
Full Year 2022 Financial Highlights
Revenue of $3.83 billion for the full year 2022, up 35% year-over-year. Organic revenue for the full year grew 30% year-over-year.
GAAP loss from operations of $1.2 billion for the full year 2022, compared with GAAP loss from operations of $915.6 million for the full year 2021.
Non-GAAP loss from operations of $4.5 million for the full year 2022 compared with non-GAAP income from operations of $2.5 million for the full year 2021.
GAAP net loss per share attributable to common stockholders, basic and diluted, of $6.86 based on 183.0 million weighted average shares outstanding in the full year 2022, compared with GAAP net loss per share attributable to common stockholders, basic and diluted, of $5.45 based on 174.2 million weighted average shares outstanding in the full year 2021.
Non-GAAP net loss per share attributable to common stockholders, basic and diluted, of $0.15 based on 183.0 million non-GAAP weighted average shares outstanding in the full year 2022, compared with non-GAAP net loss per share attributable to common stockholders, basic and diluted, of $0.25 based on 174.2 million non-GAAP weighted average shares outstanding in the full year 2021.
More than 290,000 Active Customer Accounts as of December 31, 2022, compared to more than 256,000 Active Customer Accounts as of December 31, 2021.
Dollar-Based Net Expansion Rate was 110% for the fourth quarter of 2022, compared to 126% for the fourth quarter of 2021. Results from acquisitions closed after October 1, 2021, do not impact the calculation of this metric in either period. For the full year 2022, Dollar-Based Net Expansion Rate was 121%.
8,156 employees as of December 31, 2022.
On Monday, February 13, Twilio announced the decision to reduce its workforce by approximately 17%, as well as pursue further expense rationalization. Leadership believes these changes will drive meaningful cost savings, and in conjunction with this announcement, Twilio has updated its Financial Framework to reflect a range for 2023 non-GAAP operating profit, as well as accelerated non-GAAP operating margin improvements and lowered stock-based compensation as a percentage of revenue in the medium term, which we define as fiscal years 2025 through 2027.
Organizational and Leadership Updates
Twilio also announced that moving forward, it will operate two separate business units: Twilio Communications, led by Khozema Shipchandler, and Twilio Data & Applications, led by Elena Donio. This strategic realignment enables Twilio to better execute on the key priorities for each business – driving efficiencies for Twilio Communications and accelerating growth for Twilio Data & Applications – while taking into consideration each business unit’s unique economic, customer, and product needs. Additionally, it was announced that Aidan Viggiano is being promoted to the role of Chief Financial Officer. Aidan joined Twilio in 2019 and has led the FP&A function for the past 1.5 years. She is a world-class leader and executive. These leadership changes will go into effect as of March 1, 2023. And finally, Eyal Manor has decided to leave Twilio, and will be stepping down from his position as Chief Product Officer effective February 28, 2023.
Share Repurchase Program
Twilio announced today that its Board of Directors has authorized a share repurchase program of up to $1.0 billion of Twilio’s outstanding Class A common stock. Under the program, Twilio may purchase shares from time to time through open market transactions, privately negotiated transactions, and other means in compliance with applicable securities laws, including through Rule 10b5-1 plans. The program is set to expire on December 31, 2024. The timing, manner, price and amount of any repurchases, are determined by Twilio at its discretion and depend on a variety of factors, including legal requirements, price and economic market conditions.
Twilio is initiating guidance for the first quarter ending March 31, 2023 and fiscal year 2023.
Q1 FY23 Guidance
Revenue (millions) $995 - $1,005
Y/Y Growth 14% - 15%
Organic Y/Y Growth 13% - 14%
Non-GAAP profit from operations (millions) (1)$45 - $55
Non-GAAP profit per share (2) $0.18 - $0.22
Non-GAAP weighted average diluted shares outstanding (millions) 188
Non-GAAP profit from operations (millions) (1) $250 - $350
(1)Includes an estimated $10 million one-time, non-cash benefit for termination of the employee sabbatical program.
(2)Non-GAAP profit per share guidance assumes no impact from volatility of foreign exchange rates.
Seems to be a popular move right now.
Hate to see people lose their jobs, but seems to be a move in the right direction.
Twilio (TWLO) To Cut Approximately 17% Of Workforce
This is an email that was sent out to all Twilio (NYSE: TWLO employees today from Twilio CEO Jeff Lawson.
A company optimizes for its environment. For the last 15 years, we ran Twilio for growth, building a tremendous customer base, product set, and revenue base. But environments change – and so must we. Now we have to prioritize profit far more than before. We’re exiting the last phase with a great market position, and very strong cash reserves, but unfortunately that's not enough to get us through the next phase. We have to spend less, streamline, and become more efficient. To do that, we’re forming two business units: Twilio Communications and Twilio Data & Applications. And today, I'm unfortunately bearing the news that we’re parting ways with approximately 17% of our team.
This is upsetting to be sure, so I want to share with you the reasons for making this tough decision, as well as some other changes.
As we’ve refined our strategy over the past several months, it's become apparent we need significant structural changes to better execute our strategy. This is because the two parts of our business – communications and software – are at different lifecycle stages and have different operating needs. In Communications, we have to get more efficient. For Segment, Flex, and Engage, we must accelerate growth. These are distinctly different tasks for our teams, and our current structure is slowing our progress toward both these goals, which are critical to our growth, our profit, and our Customer Engagement Platform ambitions.
As a result, we’re forming two business units: Twilio Data & Applications, led by Elena Donio, and Twilio Communications, led by Khozema Shipchandler. Both will include Sales, R&D, and operational resources, and each will be empowered to optimize based on the needs of their respective customers and businesses. Each will be able to sprint toward their goals with more focus and independence – but they’re also highly complementary. I have said many times that Twilio's products are better together – that we are One Twilio – and that belief has not changed.
When we look at these two business units on their own, it's clear that we've gotten too big, especially in Communications. And that's why we're also letting go of some colleagues today. It is painful to part ways with so many talented people – but it's necessary to get our two businesses into the right shape to succeed.
I'm sure you're wondering why we're making additional cuts to the team after the September layoffs. At that time, we sought to streamline the company as it was then structured. Today's news, however, is more driven by the need to organize ourselves differently for success – and the changes needed to enact this new structure. Both the reorganization and the reductions increase our ability to drive profit and growth, both of which are required in this new environment.
For our departing colleagues
At Twilio, we care about each other, our customers, and the world around us – and in this situation, it means we generously care for our departing colleagues. Here's what to expect for those who are departing:
Inside the U.S.
You will get an email in the next three hours at your personal email address. You'll be eligible for 12 weeks of base pay, plus one week for every year of completed service at Twilio, continued health coverage, career resources, and other support to help with your transition. You'll also receive the full value of Twilio’s February 15 vest.
Outside the U.S.
You’ll receive an email or meeting invitation within the next three hours letting you know if you’re impacted or may be impacted. You'll be eligible for at least 12 weeks of base pay, plus one week for every year of completed service at Twilio, career resources, and other support in line with local practices. You'll also receive the full value of Twilio’s February 15 stock vest. Outside the U.S., there is a broad range of employment laws, and we’ll take great care to guide these Twilions and their managers through these processes, such as required consultation periods.
I know many of you who are impacted. I've worked alongside you, and I've seen the amazing work you've done. Thank you – you're a permanent part of Twilio and I'm sorry that we're parting ways like this.
Getting more judicious with our spending
We’re winding down some of the perks we’ve historically offered, including our book and wellness allowances. We’ve also decided to sunset Twilio Recharge, which I believe in, but which (in retrospect) was ill-timed given our profitability goals. Those who are already eligible or will become eligible for Recharge by the end of 2023 will still be able to take it. (Other perk changes will vary by country, so we will share that with each of you individually via email this week.)
We have not, however, touched the most impactful benefits that are most essential to Twilions’ health and financial security, including, medical, retirement, and the Employee Stock Purchase Program (ESPP).
As part of our shift to remote work, we plan to close some Twilio offices over the next few months, with the intent of maintaining at least a handful of global hubs and satellite offices. We’ve seen very low office utilization, so we’re going to redirect some of our cost savings into higher travel budgets so you can see one another more often – something we’ve all been missing a lot. These closures will happen and be communicated in phases starting this week and continuing into the next few months.
For those of you remaining on this mission – this will be hard. I know you have a lot of questions today. I hope you’ll understand that our priority for today will be your impacted colleagues globally so we can do our best to support them.
Beginning tomorrow morning at approximately 8 a.m. PST, you’ll hear from your BU or function leader via email so you can have clarity about where your role sits and your team structure. Then, we’ll hold a Company All Hands meeting to answer your questions about today’s news. We’ll also make sure you know if your manager has changed by the end of the day tomorrow.
I know this company – the great people, the tremendous empathy, our collective desire to do the right thing. These changes hurt. The weeks ahead will be about processing all this change and working together to acclimate to our new structure. While tremendously difficult, I believe these actions will put us on the right path for executing our strategy and creating an even stronger, more efficient, and more effective Twilio.
Q3 2022 Earnings Results
November 3, 2022
Twilio takes a tumble as growth rate sharply decelerates and margin contraction continues
1:05 PM ET, 11/04/2022 - Briefing.com
Twilio (TWLO), a cloud communications platform provider, beat analysts' 3Q22 EPS and revenue estimates, continuing a winning streak that extends beyond five years. However, the stock is still getting crushed today because the company issued weak Q4 guidance, confirming fears that macroeconomic headwinds are causing its customers to pull back on spending. Specifically, its outlook for revenue of $995-$1.005 bln equates to yr/yr growth of just 18% at the midpoint, representing a steep deceleration from this quarter's growth of 33%. In fact, since 2Q21, TWLO's top-line growth rate has been trending lower, steadily dropping from the mid-60% level seen last year.
Until this quarter's earnings conference call, TWLO had maintained a relatively upbeat posture regarding its near-term prospects, while highlighting the resiliency of its business. For instance, during the Q2 earnings call, President Elena Donia commented that the company hadn't seen a significant deterioration in demand and that companies are prioritizing investments in solutions like TWLO's that drive revenue and efficiency. She did acknowledge, though, that a couple of isolated areas of softness were emerging, including crypto, social, and consumer on-demand. Not only did those verticals weaken further in Q3, but new cracks also formed in areas such as e-Commerce and retail.
Compounding the problem is that TWLO decided after the 2020 election cycle to off-board political traffic from its platform to avoid friction with some of its customers. Consequently, Q3 and Q4 will not experience the typical spike in political-based traffic that typically occurs during election cycles.
Unfortunately, the troubles aren't relagated to TWLO's Q4 revenue outlook.
Non-GAAP gross margin continues to contract, sinking to 25% in Q3 from 33% last quarter, and from 41% in 1Q22. The company is moving further and further away from its long-term gross margin target of 60% and investors are clearly losing confidence that it will reach that mark any time soon.TWLO attributes the erosion to a higher mix of lower margin international revenue. In Q3, international revenue accounted for 34% of total revenue, which was actually down from 35% in Q2 and Q1.When asked about this contradiction during the earnings call, COO Khozema Shipchandler explained that the 35% figure is based on where the customer's address is, not necessarily where the traffic ends up. Shipchandler added that TWLO has U.S. and international customers that reside internationally, and that send messages internationally, which have a slightly lower gross margin. As a result of the eroding gross margin and declining revenue growth, TWLO's profits are heading in the wrong direction. This quarter's ($0.27)/share loss was its worst showing in over five years and the company is forecasting another loss for Q4, guiding for EPS of ($0.11)-($0.06).Despite this backslide, TWLO maintained its expectation of achieving non-GAAP operating profitability in FY23. To help reach that goal, the company announced an 11% workforce reduction in September, but more changes to its cost structure may be needed.
TWLO is getting punished because the slowdown in growth is much more pronounced than investors were anticipating. Coming off of the Q2 earnings report, it seemed that demand was holding up relatively well, outside of a few weak spots. Conditions have soured significantly since then, though, and TWLO is now experiencing a broad-based downturn in customer spending levels. Making matters worse, TWLO's margins are on the downtrend, putting its profitability aspirations into question for next year.
"Overkill"..you may be correct but I'll let the dust settle until spring. See my post regarding the cost of firing 11% of their employees a few weeks ago. If analysts sort that out and properly quantify that one-time cost they may begin to recommend a buy at these prices.
It appears they've built a company to support 30-40% YoY growth and will achieve half that growth, at least in the short term. TWLO laid off 11% of staff in September. That may account for the negative earnings as the cost was stated at $80MM or ~44 cents a share. Those costs will accrue mostly through Q4 with some foreign layoffs occurring in 2023, according to company statements. So far today the floor is $41 a share.
I use marketsmith for Data and Im looking at 8 quarters in front of me that, in sales, go from..
Dec 20 548.1
Mar 21 590.0
Jun 21 668.90
Sep 21 740.20
Dec 21 842.70
Mar 22 875.40
June 22 943.4
Sep 22 983.0
And yet Earnings per share are pretty glum. Which I am curious about big time.
But still. Down 23.56 bucks?
I actually have been buying this drop this morning. Seems a bit overkill.
It's crazy, right.
From the all time high ...it's 91%
TWLO P/E n/a
457.30 H 2-18-21
50% drop # @ 228.65
c. low @ 41.14 ( -91.00 % off of High)
Insider selling. Zero buying
down Nov-11-2022 65.36 to
down Aug-05-2022 94.39 to 86.13
down Jun-10-2022 98.38 to 96.1
down Apr-06-2022 163.43 to 160.39
Oppenheimer Adjusts Twilio Price Target to $110 From $170, Maintains Outperform Rating
Piper Sandler Adjusts Price Target on Twilio to $79 From $113, Maintains Overweight Rating
Mizuho Adjusts Price Target on Twilio to $75 From $125, Maintains Buy Rating
Cowen Downgrades Twilio to Market Perform Rating From Outperform, Adjusts Price Target to $65 From $100
Wells Fargo Downgrades Twilio to Equal-Weight Rating From Overweight, Adjusts Price Target to $60 From $140
RBC Downgrades Twilio to Sector Perform From Outperform, Halves Price Target to $55 From $110, Citing 'Weak' Guidance, Disappointing' Analyst Day
I'll have to listen to the earnings call but it appears the market saw this coming as shares had fallen 17% in the previous three trading days before the announcement. In total down 46% in the first four trading days this month.
In the chart below I've added expected YoY growth for Q4. That appears to be the last nail in the coffin. Returning to meager positive earnings in 2023 with continued share dilution and growth in the 15-20% range is not a formula for investing success.
Twilio (TWLO) reported a 3rd Quarter September 2022 loss of $0.36 per share on revenue of $983.0 million. The consensus estimate was a loss of $0.36 per share on revenue of $969.2 million. The Earnings Whisper number was for a loss of $0.39 per share. Revenue grew 32.8% on a year-over-year basis.
The company said it expects a fourth quarter non-GAAP loss of $0.11 to $0.06 per share on revenue of $995.0 million to $1.005 billion. The current consensus estimate is a loss of $0.11 per share on revenue of $1.06 billion for the quarter ending December 31, 2022.
Twilio has democratized communications channels like voice, text, chat, video and email by virtualizing the world’s communications infrastructure through APIs that are simple enough for any developer to use, yet robust enough to power the world’s most demanding applications.
TWLO is at an interesting juncture. They're being priced as if they'll fall to 15% CAGR when the current consensus is 32% this year and 27% next. The chart below shows good accumulation over the last six weeks but that hasn't been reflected in the price.
Also while the tech sector and the software industry continue to move lower since the August high, TWLO bottomed six weeks ago and has been flat since. The CEO says they should be profitable, (non-GAAP basis), in 2023.
TWLO is on my watch list and appears fairly priced if they can maintain growth and stop margin erosion. Of course it's not clear they can do either given the current economic climate. Still watching for now.
I’d be a buyer at $25 too!
All the best to you!
Well, it's certainly been declining. From a 451.00 high to a current 70.11 pps
That's an 84% drop
Not gonna Lie- $25 would interest me, that's for sure.
Twilio Inc. (NYSE:TWLO) Expected to Post Quarterly Sales of $861.73 Million
SUNDAY, MARCH 20, 2022 | MARKETBEAT
Equities research analysts expect that Twilio Inc. (NYSE:TWLO) will announce sales of $861.73 million for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Twilio's earnings, with the lowest sales estimate coming in at $854.70 million and the highest estimate coming in at $867.30 million. Twilio posted sales of $589.99 million during the same quarter last year, which suggests a positive year-over-year growth rate of 46.1%. The company is expected to announce its next quarterly earnings report on Wednesday, May 4th.
According to Zacks, analysts expect that Twilio will report full year sales of $3.80 billion for the current financial year, with estimates ranging from $3.69 billion to $3.88 billion. For the next year, analysts anticipate that the business will post sales of $4.89 billion, with estimates ranging from $4.63 billion to $5.08 billion. Zacks Investment Research's sales calculations are an average based on a survey of sell-side analysts that cover Twilio.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Wednesday, February 9th. The technology company reported ($1.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.94) by ($0.31). The business had revenue of $842.74 million for the quarter, compared to analyst estimates of $768.89 million. Twilio had a negative return on equity of 6.13% and a negative net margin of 33.43%. During the same period last year, the firm earned ($0.80) EPS.
Several equities analysts have recently commented on TWLO shares. BTIG Research upped their target price on Twilio from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, February 10th.
Barclays raised Twilio from an "equal weight" rating to an "overweight" rating and set a $375.00 target price on the stock in a research report on Thursday, December 9th. They noted that the move was a valuation call.
Mizuho upped their target price on Twilio from $250.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, February 10th.
Atlantic Securities started coverage on Twilio in a research note on Tuesday, January 25th. They issued an "overweight" rating and a $240.00 price target for the company.
Finally, The Goldman Sachs Group cut their price target on Twilio from $350.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, February 10th.
One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $352.82.
Twilio stock opened at $159.66 on Friday. Twilio has a 12 month low of $123.05 and a 12 month high of $412.68. The stock's 50 day moving average is $178.38 and its 200-day moving average is $261.47. The company has a current ratio of 8.43, a quick ratio of 8.43 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $28.98 billion, a price-to-earnings ratio of -29.35 and a beta of 1.40.
In other news, COO Khozema Shipchandler sold 3,550 shares of the stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $156.78, for a total value of $556,569.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeff Lawson sold 14,000 shares of the stock in a transaction on Monday, January 3rd. The shares were sold at an average price of $264.00, for a total value of $3,696,000.00. The disclosure for this sale can be found here. Insiders have sold 35,010 shares of company stock valued at $8,049,361 over the last 90 days. Corporate insiders own 4.96% of the company's stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Lumature Wealth Partners LLC acquired a new stake in Twilio in the third quarter valued at $32,000. Gables Capital Management Inc. acquired a new stake in Twilio in the fourth quarter valued at $26,000. Cornerstone Advisory LLC acquired a new stake in Twilio in the fourth quarter valued at $35,000. Liberty Wealth Management LLC increased its holdings in Twilio by 81.4% in the third quarter. Liberty Wealth Management LLC now owns 107 shares of the technology company's stock valued at $33,000 after purchasing an additional 48 shares during the period. Finally, Greycroft LP acquired a new stake in Twilio in the fourth quarter valued at $29,000. Institutional investors own 77.97% of the company's stock.
Twilio Company Profile
Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.
2022 will be a chit storm for stock market
Breaking News: $TWLO Why Twilio Stock Jumped Today
Shares of Twilio (NYSE: TWLO) have jumped today, up by 7% as of 1:10 p.m. EDT, after the company announced that it is acquiring customer-data platform Segment for $3.2 billion. The deal had been rumored in recent days. The all-stock deal will help the communications tech...
Read the whole news TWLO - Why Twilio Stock Jumped Today
Just In: $TWLO Twilio Stock Climbs on Acquisition of Segment for $3.2 Billion
Twilio (NYSE: TWLO) announced on Monday that it would acquire cloud-based Segment -- a start-up that helps businesses move customer information between apps while better protecting and controlling the data -- in a $3.2 billion all-stock deal. The boards of directors of both companie...
Got this from TWLO - Twilio Stock Climbs on Acquisition of Segment for $3.2 Billion
Breaking News: $TWLO Got $1,200? Here Are 3 Hot Stocks to Buy Now
We don't know if most of the country will get another crack at a $1,200 stimulus check, but there's a good chance that you may be saving more money than you thought you would in the new normal. You're probably not going out as much as you used to, and we know that folks aren't traveling, sh...
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NEWS: $TWLO Twilio to Acquire Segment, the Market-leading Customer Data Platform
Accelerates Twilio’s Journey to Build the World’s Leading Customer Engagement Platform Trusted by Developers and Companies Globally Data Platform Provides Businesses a Unified Customer View to Better Understand Customers and Engage More Effectively Expand...
Got this from TWLO - Twilio to Acquire Segment, the Market-leading Customer Data Platform
Just In: $TWLO Why Analysts Are Upping Their Price Targets for Twilio Stock
Shares of Twilio (NYSE: TWLO) soared on Friday. The stock finished the trading day up 13%. The cloud-based communication platform provider's stock benefited from a wave of optimistic analyst reports on the company. What has Twilio analysts so excited about this growth stock ...
Got this from TWLO - Why Analysts Are Upping Their Price Targets for Twilio Stock
JUST IN: $TWLO Why Twilio Stock Soared on Friday
An analyst day presentation from Twilio (NYSE: TWLO) , a provider of cloud-based communication tools and services for developers, has investors looking up on Friday. The stock was up 15% as of 1:08 p.m. EDT. The company's announcement that its third-quarter revenue would be abov...
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JUST IN: $TWLO The Stock Market's Down, So These Stocks Are Obviously Jumping
The stock market gave up ground on Friday, although the losses were reasonably modest. News that President Trump and several others recently traveling on Air Force One tested positive for the coronavirus initially sent stocks sharply lower, but major market benchmarks rebounded to cut their...
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BREAKING NEWS: $TWLO Twilio to Hold Investor Day at Twilio SIGNAL 2020
Investor Day to be webcast live on Twilio’s investor relations website Twilio (NYSE: TWLO), the leading cloud communications platform, today announced that it will hold an Investor Day on Thursday, Oct. 1 from 1:00 p.m. (PT) to 4:00 p.m. (PT) during Twilio SIGNAL 2020. ...
Read the whole news TWLO - Twilio to Hold Investor Day at Twilio SIGNAL 2020
NEWS: $TWLO This Top Growth Stock Could Break Higher Once Again
Twilio (NYSE: TWLO) has been a top growth pick in 2020. Organizations have accelerated their shift to cloud-based contact centers in the wake of the coronavirus pandemic so that their customer service operations can continue seamlessly, even if physical offices remain closed to abide by stay...
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