27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Twilio Inc (NYSE:TWLO) shares are up more than 13% Thursday after the company reported strong fourth-quarter results and announced a $1 billion buyback. Several analysts also raised price targets on the stock following the company's quarterly results.
What Happened: Twilio reported fourth-quarter revenue of $1.02 billion, up 22% year-over-year and ahead of consensus estimates of $1 billion, according to Benzinga Pro. The company reported quarterly earnings of 22 cents per share, up from a loss of 20 cents per share in the prior year's quarter.
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Twilio's board approved a share repurchase program of up to $1 billion, which extends through 2024. The company also highlighted recent workforce reductions and said it's focused on further reining in costs.
Twilio expects first-quarter revenue to be between $995 million and $1.005 billion, representing growth of 14% to 15% versus estimates of $1.02 billion. The company expects first-quarter earnings to be in a range of 18 cents to 22 cents per share.
"This week, we announced meaningful changes to Twilio's leadership group, organizational structure, team size and capital allocation strategy that will both accelerate our path to profitability and most importantly, improve our execution in delivering our Engagement Platform strategy for our customers," said Jeff Lawson, CEO of Twilio.
"While our vision remains, the way we operate and execute has changed — all in service of driving better focus for the business and ultimately enhancing value creation for our shareholders."
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Analyst Assessment:
- Keybanc maintained Twilio with an Overweight and raised the price target from $77 to $89.
- Bernstein maintained Twilio with a Market Perform and raised the price target from $58 to $77.
- Baird maintained Twilio with a Neutral and raised the price target from $55 to $80.
- Wells Fargo maintained Twilio with an Equal-Weight and raised the price target from $60 to $70.
- Morgan Stanley maintained Twilio with an Overweight and raised the price target from $64 to $82.
Twilio offers a Customer engagement platform that allows its customers to build direct, personalized relationships with their customers everywhere in the world.
TWLO Price Action: Twilio has a 52-week high of $185 and a 52-week low of $41.
The stock was down 11% at $73.30 at the time of writing, according to Benzinga Pro.
Photo: Web Summit from Flickr.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.