Twilio (TWLO): Fake News Sends Shares Down 6% - William Blair

William Blair analyst, Bhavan Suri, reiterated his Outperform rating on shares of Twilio (NYSE: TWLO) after shares closed down 6.62% on an AWS blog post about Pinpoint - Amazon’s new two-way text messaging app. Investors believed Pinpoint to be a competing solution but the analyst suspects AWS Pinpoint is being powered by Twilio’s platform which would mean the sell-off is overblown.

Jeff Lawson, Twilio chief executive officer, tweeted his excitement about helping AWS launch Pinpoint stating "Excited that @twilio is now helping to power engagement on @AWS Pinpoint, with their launch of 2-way SMS!".

The analyst stated "we believe Pinpoint is an extension of Amazon’s simple notification service (SNS), which sends out bulk notifications/messaging communications and is also in large part powered by Twilio, as it provides marketing campaign capabilities. Overall, we believe the sell-off was unwarranted and believe this only further strengthens Twilio's relationship with Amazon as it now has multiple applications running on Twilio’s platform (Chime, SNS, and Pinpoint)."

For an analyst ratings summary and ratings history on Twilio click here. For more ratings news on Twilio click here.

Shares of Twilio closed at $27.52 yesterday.

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