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No. of Recommendations: 11
Argus analyst Jim Kelleher, CFA, wrote an analyst report on TWLO today, July 16, 2020. I can't share the link but below is a summary:

• COVID accelerates digital strategy; raising target to $260
• Twilio posted a study indicating that enterprises are compressing their multi-year digital strategy roadmaps into much shorter timeframes.
• The survey's findings state that COVID-19 is the 'digital accelerant of the decade.' Prior inhibitions to digital innovation have been swept aside.
• Companies are rapidly expanding their omni-channel communications strategies, a development that is clearly beneficial for Twilio.
• Reiterating our BUY rating on TWLO to a 12-month target price of $260, raised from $200

I won't rehash the 1Q20 financials as they are given in this thread but there has been some concern that the company lacked transparency in reporting revenue, in the past, including acquisitive revenue that may not be material to an accurate portrayal of the company's performance. This alone caused some to trim their position if not sell their entire position. That said, TWLO's study could be applied to other companies in this category, including SPLK, which has a higher projected 5 year growth rate, 30%, than TWLO, which is 12% (Argus has both at "Buy" ratings).

For 2Q20, management projected revenue of $365-$370M, well above the $338 prereporting consensus forecast; this guidance is consistent with 33%-plus growth, all of it organic.
Management also forecast a non-GAAP operating loss of $15-$20 million. The Street had been modeling a $0.13 per-share loss, which would imply a non-GAAP operating loss of $25-$30 million.
(The company has withdrawn its full-year 2020 guidance.)
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