2023-08-23 07:15:00 ET
Few companies have put investors on as much of a roller coaster as Twilio (NYSE: TWLO) . From the start of 2020 to its peak in early 2021, the stock rose more than 350% before tumbling. Now, it sits 40% lower than where it entered 2020 and is more than 85% down from its all-time high. While 2023 has been a fairly strong year for most tech stocks, Twilio is barely beating the broader market, as it's only up 23% this year.
However, Twilio recently reported excellent second-quarter earnings, which could make investors rethink their stance on the stock. But is it enough to get this company going again? Let's find out.
Twilio's business focus is all about customer communication. While it's most known for its APIs (application program interfaces) that make it easy to set up text messaging systems, it also has products for marketing, customer engagement, and collecting and interpreting customer data. By creating a personalized marketing experience, Twilio states that 86% of consumers are more likely to stay loyal to that brand, giving further credence to Twilio's products.
For further details see:
Is Twilio Stock a Buy After It Crushed Expectations?