TWLO

Twilio Inc.

69.14
USD
-2.05%
69.14
USD
-2.05%
64.29 373.00
52 weeks
52 weeks

Mkt Cap 11.54B

Shares Out 166.93M

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Twilio rises even as Argus downgrades to hold, citing tough road ahead

Twilio (NYSE:TWLO) shares rose on Wednesday even as investment firm Argus downgraded the communications software company after it issued a weak outlook for the third-quarter, citing some tough forthcoming comparisons. Argus analyst Jim Kelleher downgraded Twilio (TWLO) to hold from buy, noting that the company's forward growth is "likely to continue to move lower." "The dollar-based net expansion rate of 123% for 3Q22 moderated from 135% a year earlier, as revenue growth among existing customers shows signs of slowing," Kelleher wrote in a note to clients. Twilio (TWLO) shares rose more than 3.5% to $84.18 in premarket trading. The Jeff Lawson-led Twilio (TWLO) said it expects to lose on an adjusted basis between 37 and 43 cents per share in the third quarter, while sales are forecast to be between $965M-975M, compared to estimates of $972.32M. On Monday, Twilio (TWLO) confirmed it had been hacked, with some employees handing over corporate login information. Analysts are mostly positive on Twilio (TWLO). It had an average rating of BUY from Seeking Alpha authors, while Wall Street analysts rate it a BUY. Conversely, Seeking Alpha's quant system, which consistently beats the market, rates TWLO a HOLD.

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