Twilio snaps six straight sessions of gains

Twilio (NYSE:TWLO) shares snapped six straight sessions of gains, as the stock closed 2.3% lower at $60.89 on Thursday.

The San Jose California-based cloud communications firm gained about 6% in the preceding six sessions. The stock has lost over 1% in the last one year, compared to the over 30% rise of the broader S&P 500 Index.

The stock closed 0.14% higher on Wednesday at $62.30.

Looking at Seeking Alpha's Quant Rating, TWLO has a Hold rating with a score of 3.23 out of 5. The company received A- for valuation and growth, while it got a C- in momentum.

Turning to the Wall Street community, 15 analysts gave TWLO a Buy and above. 16 analysts have given the stock a Hold recommendation, and three recommended Sell or lower.

Seeking Alpha analysts are also cautious and see the stock as a Hold.

Last month, the company provided current quarter revenue guidance that came in below estimates. TWLO in 2023 saw three consecutive quarters of declining revenue from Q1 to Q3.

Twilio, in March, also said it would buy back an additional $2 billion in common stock during 2024, in addition to the $1 billion program authorized last year.

Seeking Alpha analyst Michael Wiggins De Oliveira pointed out the company’s “shift from a high-growth to a more moderate trajectory prompts a reconsideration of its investment potential”, while analyst Daniel Jones added that the market is unhappy about Twilio's growth slowdown and profitability issues.