Jeff Lawson, CEO, Twilio.  Photo credit: JD Lasica on Flickr, licensed under Creative Commons

Shares of cloud communications company Twilio have hit a 52-week high, following a statement by the company that it expects to beat its own quarterly guidance of between $401 million to $406 million in revenue for the third quarter of this year. Twilio’s stock shot up 13% during trading on Friday, currently at about $290 a pop, giving the company a market capitalization of more than $43 billion, nearly 40 times the company’s 2019 revenue. 

In an investor presentation on Thursday, Twilio said it expects at least 30% organic annual revenue growth for the next four years and a 60% to 65% adjusted gross margin growth over the long term. The company has seen good times amid a coronavirus pandemic that has largely driven up the demand for cloud communications tools. It’s such that in the second quarter of this year, Twilio’s revenue shot up 46% year-over-year. Also in the preceding quarter before that, Twilio posted record financial results.

From the beginning of this year to date, Twilio’s stock price has risen more than 192%.

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