Yahoo Finance Today's Research Reports on Stocks to Watch: Zuora and Twilio Inc.
NEW YORK, NY / ACCESSWIRE / June 4, 2018 / Cloud-based stocks Twilio and Zuora hit brand new highs on Friday. It was Zuora who stole the show in Friday trading after posting its first earnings report since going public that impressed Wall Street.
RDI Initiates Coverage on:
Zuora, Inc.
https://rdinvesting.com/news/?ticker=ZUO
Twilio Inc.
https://rdinvesting.com/news/?ticker=TWLO
Zuora, Inc. closed the day up 19.03% this past Friday on about 2.1 million shares traded. The stock hit a new high of $27.50 after reporting better than expected first-quarter results. This was the first earnings report for the company since going public earlier this year. For the quarter, the company reported a sales increase of 60% YOY at $51.7 million. An adjusted net loss of $0.32 a share was compared to the loss of $0.27 in the year ago period. It still beat the expectation of a loss of $0.40 by analysts. Zuora offers cloud-based software tools that help other companies run their businesses. It was also revealed that the company's customer retention rate saw a gain of 2 percent from the fourth quarter to 112 percent, on a dollar basis. Looking ahead, the company has forecast revenue in the range of $53.5 million to $54.5 million and a non-GAAP loss of 15 to 16 cents a share. Analyst Richard Davis of Canaccord Genuity said, "There are clear signs Zuora's assertion that the subscription economy is upon us is coming true." The analyst raised his price target from $20 to $23.
Access RDI's Zuora, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ZUO
Twilio Inc. shares closed up 6.50% on Friday, hitting a new high of $57.71 during the day. There was no news to explain the move but the gain could have been Twilio investors sharing the excitement of fellow cloud company Zuora posting its first earnings report since going public. Twilio's Co-Founder and CEO, and Lee Kirkpatrick, Twilio's CFO, will present at the 2018 Bank of America Merrill Lynch Global Technology Conference at the Ritz-Carlton San Francisco on Tuesday. It was earlier this month that the company had announced a proposed private offering of $435 million of convertible senior notes. Twilio provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally.
Access RDI's Twilio Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWLO
Our Actionable Research on Zuora, Inc. (NYSE: ZUO) and Twilio Inc. (NYSE: TWLO) can be downloaded free of charge at Research Driven Investing.
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