Twilio rises after Q1 beat, Q2 rev guidance above estimates

Shares of cloud communications platform Twilio TWLO.N up 8.4% premarket to $106.06, over 1-mth high, after qtrly results and rev forecast surpass Wall Street's expectations

TWLO shares set for 9th straight day of advances, if gains hold

San Francisco-based firm late Thurs posted Q1 adj EPS of $1.14, above LSEG estimate of 94 cents, on 12% y/y rev growth to $1.17 bln, beating the $1.14 bln analysts expected

Active customer accounts increased to more than 335,000 from 313,000 a yr ago

For current qtr, TWLO sees rev of $1.18-$1.19 bln, which was above consensus view of $1.17 bln, and it guided for adj EPS of 99 cents to $1.04 vs analysts' projection of $1.04

Several brokerages raised their PTs reacting to the news: Jefferies to $122 from $108, Scotiabank to $135 from $130, Mizuho to $140 from $125

Jefferies said TWLO's report a positive outlier in an otherwise choppy macro environment, adding that co was clear on the earnings call that "even in April they have not seen material headwinds to messaging volumes"

Of 29 brokerages covering TWLO, 19 rate stock "strong buy" or "buy", 7 have "hold" and 3 recommend "sell"; median PT is $130 - current LSEG data

Through Thurs close, stock down 9.4% YTD and well off its 1-yr high of $151.95 hit on Jan 31