Oct 12 (Lagos) - Shares of Twilio Inc, the Cloud communications platform for building SMS, Voice & Messaging applications on an API, gained 10% today after the US market rebounded after the short one week sell off.
Shares of Twilio have almost tripped this year as a result of exceptional growth the Company delivers. The Company works with major multi-national Companies and provides them with call center solutions which encompass all possible delivery methods that a Company requires to communicate with its customers.
Their biggest Customer is Facebook's whatsapp and it is used for sending notifications. Uber is among clients who use Twilio to send notifications to Clients.
So many times when you receive notifications on phone in your apps, there is a high chance that it is being powered by Twilio.
Expectations remain high for the stock but investors should be careful given the run that the stock has already had this year. Many feel it is justified because numbers are on the table and the Company is growing leaps and bounds while others would feel the run up is overdone.
The obvious approach would be to wait for the next quarterly results announcement which will be on Nov 6. If the Company exceeds expectations again, the stock could go past $ 100 a unit while if they miss, it could tumble hard.
The market cap for this Company at the moment is roughly 7.5 billion so many analysts feel this Company is a takeover target for bigger tech firms.
reporting for easykobo.com on Friday, Oct 12 2018 from Lagos, Nigeria