3 Growing Tech Stocks In Buy And Hold Position - Twilio

 

1- Twilio

Twilio's cloud-based platform handles phone calls, text messages and videos for mobile applications. Developers had previously created these full of bugs, time-consuming and difficult-to-scale features from scratch. Twilio's service allows developers to push these features to the cloud platform with a few lines of code. For example, Lyft manages searches and messages between passengers and drivers through Twilio, while Airbnb uses Twilio to connect guests with hosts.

Twilio's revenue increased by 55 percent in fiscal 2020 to $ 1.76 billion.

It closed the year with a net growth rate of 137 percent in dollar terms, meaning that its current customers spent 37 percent more on their services throughout the year than in the previous year. Completed the year 2020 by increasing the number of active customers from 179,000 to over 221,000, compared to the year before. Twilio's adjusted net income increased 62 percent to $ 35.9 million, with adjusted earnings per share up 44 percent. Wall Street expects revenue to increase by 38 percent this year, but its adjusted earnings are expected to decline as new carrier charge margins for higher investments and access to SMS networks are tightened. These short-term challenges trigger some concerns about Twilio's future, and the stock still looks expensive and with 20 times the next year's sales. However, Twilio's advantage in the niche market will further increase its stakes in the next few years in the context of high net expansion rates and an expanding mobile market.    

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