The bullish case for Twilio stock: 'notification galore'

CEO Karen Firestone of Aureus Asset Management sat with CNBC to share her view on Twilio Inc (NYSE: TWLO) after the stock gained 11% this week. On “Halftime Report”, she said:

In separate news, Sinch acquired MessageMedia for $1.3 billion (£940 million) last week to compete with Twilio in business SMS services.

Firestone says Twilio stock is on a run again

Firestone highlighted that Twilio rallied to a high of $443 per share in mid-February. As the broader market took a hit, the stock tanked to a low of $281 per share in mid-May. Expressing confidence in Twilio as a software company, she said that the stock is now on a run again.

Twilio’s revenue jumped 62% in the fiscal first quarter

In May, Twilio said that its quarterly revenue jumped 62% on a year-over-year basis to $590 million. GAAP loss from operations in the first quarter stood at $197.3 million versus the year-ago figure of $92.7 million.

The cloud communications platform had more than 235,000 active customer accounts by the end of Q1 – a significant increase from 190,000 in the same quarter of the previous year. Twilio partnered with Syniverse in March aimed at innovation in mobile communications.

Twilio opened at $359 per share on Friday and is currently exchanging hands at $366 per share. In comparison, it had started the year at a lower $334 per share. The NYSE-listed company performed massively upbeat in the stock market last year with an annual gain of more than 200%. At the time of writing, it has a market cap of $63 billion.