Twilio Stock Dips After Guidance Disappoints
TWLOTwilio(TWLO) Schaeffers Research·2024-05-08 22:51

Twilio Inc (NYSE:TWLO) stock is 5.1% lower to trade at 60.14thismorning,inthewakeofthesoftwarecompanyslatestquarterlyreport.Whilefirstquarterearningsandrevenuebeatexpectations,investorsareinsteadfocusedonTwiliossecondquarterguidance,whichcameinworsethananticipated.Atleastfouranalystsadjustedtheirpricetargetsinresponse,thelowestcomingfromMacquarie,downto60.14 this morning, in the wake of the software company's latest quarterly report. While first-quarter earnings and revenue beat expectations, investors are instead focused on Twilio's second-quarter guidance, which came in worse than anticipated. At least four analysts adjusted their price targets in response, the lowest coming from Macquarie, down to 63 from $69. There's rampant activity in the options pits, too. So far, 14,000 calls and 8,799 puts ...