All articles tagged with #twilio
Twilio CEO Khozema Shipchandler, a morning person since college, attributes his early success to waking up at 4:30 a.m. and maintaining a disciplined routine, emphasizing that reaching the C-suite requires long hours and sacrifice, despite modern debates on work-life balance.
Top Wall Street analysts have identified three stocks with promising prospects: ServiceNow, Snowflake, and Twilio. ServiceNow is praised for its AI-enabled workflow automation and strong growth potential, with a raised price target by Mizuho analyst Gregg Moskowitz. Snowflake impressed with its Q3 results, leading TD Cowen analyst Derrick Wood to increase its price target, citing strong data warehousing growth and AI workload traction. Twilio's market-beating Q3 performance and improved revenue outlook prompted Monness analyst Brian White to upgrade its stock, highlighting its recovery and attractive valuation.
Twilio (TWLO) reported strong Q4 earnings, with earnings per share beating estimates by 51% and sales topping expectations. However, the stock dropped 15% due to softer revenue guidance for the first quarter. Despite this, the company's long-term prospects remain favorable, with projected sales growth in FY24 and FY25. Twilio's stock currently holds a Zacks Rank #2 (Buy), but its rating will depend on future earnings estimate revisions.
Twilio (TWLO) stock fell 15.5% after reporting Q4 results and providing revenue guidance for Q1 that missed analysts' expectations, citing headwinds from the crypto industry and an expected sequential revenue decline. Despite beating revenue and EPS estimates, the company's customer growth decelerated, leading to a downgrade from Northland Capital Markets. The stock's volatility suggests a significant impact on market perception, with concerns raised about product-market fit, competitive dynamics, and pricing power. Twilio is currently trading 21.5% below its 52-week high and down 14.1% since the beginning of the year.
Twilio's stock is dropping after the company's Q4 forecast fell short of Wall Street expectations and it chose not to provide a full-year outlook for 2024, marking its first earnings report since CEO Jeff Lawson stepped down in January due to activist investor pressure. The company is undergoing an operational review of its segment business unit, aiming to mitigate churn and contraction while investing in AI-powered capabilities and an aggressive product roadmap. Analysts are closely monitoring the impact of these operational changes and the company's path to profitability amidst market concerns.
Twilio-owned Authy Desktop authentication app is set to be discontinued on March 19, 2023, rather than the previously announced August 2024 date, prompting users to switch to mobile apps. Twilio suggested alternatives for desktop users, but the lack of an export feature in Authy means re-enabling 2FA in a new application. The decision has sparked disappointment and frustration among users, with some criticizing the move as "beyond absurd." Twilio's turbulent times, including CEO departure and layoffs, have added to the uncertainty surrounding the company.
Twilio Inc. projected lower-than-expected revenue for the current quarter following the departure of its longtime CEO amid pressure from activist investors. The company's shares dropped about 10% in extended trading. The new CEO highlighted the underperformance of the Segment business unit and emphasized a focus on improving core communication services. Twilio's struggles with revenue growth and investor excitement have led to job cuts and a review of its business units, with potential structural changes anticipated under the new leadership.
After the bell, Cisco, Twilio, and Tripadvisor are among the stocks making significant moves, with Cisco's shares falling after the company reported weaker-than-expected earnings and revenue guidance, while Twilio's stock rose following a strong earnings report. Tripadvisor's shares also surged after the company reported better-than-expected revenue.
Twilio Inc. fell short on its revenue forecast for the current quarter, causing its shares to drop in after-hours trading. The company expects $1.025 billion to $1.035 billion in revenue for the first quarter, below analysts' expectations of $1.052 billion, and anticipates 56 cents to 60 cents in adjusted earnings per share, compared to the FactSet consensus of 55 cents.
Authy, the two-factor authentication app, will discontinue its desktop app for Windows, macOS, and Linux in August 2024, directing users to switch to the mobile version instead. The move is part of Twilio's effort to streamline focus and provide more value on existing product solutions. Users with Macs with M1 or M2 silicon can still use the iOS version, while others are advised to switch to the mobile app and manually sync with their computer. Twilio is also relocating Authy's customer support hub to its own website after January 15th, 2024.
Twilio's CEO and co-founder, Jeff Lawson, is stepping down from his role and board seat following pressure from activist investors and slowing revenue growth. Khozema Shipchandler, Twilio’s president, will take over as CEO. Investors are reacting positively to the news, with shares up nearly 7%. The company's recent performance has been under scrutiny, with third-quarter revenue increasing 5% but growth projected to slow further in the fourth quarter. Lawson's exit highlights the impact of activist pressure on companies and the potential for leadership changes in response to performance challenges.
Twilio, the vendor of the Authy authenticator app, will discontinue its desktop apps for Windows, macOS, and Linux in August 2024, urging users to switch to the mobile version. The decision is part of a restructuring effort to focus on areas with higher demand. Users are advised to transition to the iOS or Google app, enable backups for synchronization, and inform platforms using Authy's API. Alternative desktop apps are suggested for those unable or unwilling to use a mobile device for 2FA, with cautionary steps outlined to avoid being locked out of accounts during the transition.
Twilio CEO Jeff Lawson steps down as the company grapples with activist investors pushing for changes, with Khozema Shipchandler taking over as CEO. The company expects fourth quarter revenue and income to exceed prior guidance. Activists at Anson Funds and Legion Partners are still pushing for further changes, including a potential sale of the company or divestment of its data & applications business. Shipchandler's appointment follows recent layoffs and corporate restructuring at Twilio.
Twilio co-founder and CEO Jeff Lawson is stepping down amid slowing sales growth and pressure from activist investors. He will be replaced by Khozema Shipchandler, who led the communication business unit. Lawson will also step down from the board, with Jeff Epstein becoming the new board chair. Twilio shares jumped 7% following the announcement.
Cathie Wood's investment strategy of targeting companies with disruptive innovation potential has led to a 70% gain for her Ark Innovation ETF in 2023. Twilio, a cloud communications company and the ninth largest component of the ETF, has seen its shares rise by 52% since November. With a market expected to grow at a CAGR of 26% through 2028, Twilio's revenue is projected to increase significantly, offering a promising investment opportunity. Despite recent volatility, Wood's long-term investment horizon and a potential favorable market scenario in 2024, including possible interest rate cuts, suggest that Twilio's stock could provide healthy returns over the next five years.