Twilio (NYSE: TWLO) is one of Cathie Wood's top 10 holdings, with the cloud communications specialist accounting for just over 4% of the Ark Invest CEO's popular Ark Innovation ETF , but the celebrated investor's bet on this fast-growing technology company has gone south in 2022.
Shares of Twilio are down 83% so far this year. The stock received a knockout blow recently and fell over 34% in a single day after the company released third-quarter 2022 results on Nov. 3. Though Twilio delivered impressive year-over-year growth in Q3, management's warning that it won't be able to sustain the pace set the cat among the pigeons.
The company's guidance fell short of what Wall Street was looking for, and investors were quick to press the panic button. But investors looking to buy a potential long-term winner on the cheap can consider treating Twilio's big drop as a buying opportunity. Here's why.
For further details see:
This Cathie Wood Stock May Have Once-in-a-Decade Buying Opportunity