The cloud communications software company Twilio stock (NYSE: TWLO) has declined by almost 85% in 2022 and the stock hits a fresh 52-week low of $62 this month. However, the stock slightly recovered from the fresh 52-week lows.
The company will be in focus this week as it publishes its third-quarter financial results on Thursday, November 03, after the markets close. The company is expected to post a loss of $0.39 per share and revenues are expected to be $973 million.
In the second quarter, Twilio posted better-than-expected financial results. The company generated revenue of $943 million, which was above analysts’ expectations of $922 million. While the investors were not happy with the results because the cloud-based communications management platform announced weaker guidance for the next three months.
Check out the technical analysis of $TWLO here - https://gulfbrokers.com/en/stock-to-watch-this-week-twlo