Market Movers rounded up the best reactions from investors and analysts on Twilio after its earnings results were released Tuesday after the bell. The experts, including Jim Cramer , discussed the software stock as shares plunged 12% Wednesday. The company’s first-quarter report beat expectations but, Twilio also announced its revenue forecast for the second quarter, which came in lighter than expected. It anticipates between $980 million and $990 million in revenue, while analysts polled by Refinitiv were expecting $1.05 billion in revenue. Additionally, KeyBanc downgraded Twilio to sector weight from overweight, adding it sees a deceleration in the company’s business outlook.
Twilio tanks on 2Q forecast. This is what it could mean for the stock
By Press Room
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