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TWLO

Twilio

$76.26

1.27 (1.69%)

, SEND

Acquired by TWLO

$30.94

0.04 (0.13%)

16:45
10/15/18
10/15
16:45
10/15/18
16:45

Twilio to acquire SendGrid for $2B or $36.92 per share in all-stock deal

Twilio (TWLO) and SendGrid (SEND) announced that they have entered into a definitive agreement for Twilio to acquire SendGrid in an all-stock transaction valued at approximately $2B. At the exchange ratio of 0.485 shares of Twilio Class A common stock per share of SendGrid common stock, this price equates to approximately $36.92 per share based on today's closing prices. The transaction is expected to close in the first half of 2019. Adding the leading email API platform to the leading cloud communications platform can drive tremendous value to the combined customer bases. The resulting company would offer developers a single, best-in-class platform to manage all of their important communication channels -- voice, messaging, video, and now email as well. Together, the companies currently drive more than half a trillion customer interactions annualized*, and growing rapidly. The boards of directors of Twilio and SendGrid have each approved the transaction.

TWLO

Twilio

$76.26

1.27 (1.69%)

SEND

Acquired by TWLO

$30.94

0.04 (0.13%)

  • 06

    Nov

TWLO Twilio
$76.26

1.27 (1.69%)

10/10/18
KEYB
10/10/18
NO CHANGE
KEYB
Shopify, Salesforce should be bought on October pullback, says KeyBanc
KeyBanc analyst Brent Bracelin notes that the 55 largest SaaS stocks had an incredible run through the end of Q3, as the group benefited from robust secular tailwinds and multiple expansion with forward EV/S levels increasing by two full turns above the five-year average. That said, the "Big Chill" has quickly set in during the first nine days of October as the group is down 11% this month and 21% from the highs, on average, he adds. The analyst has identified eight high-quality SaaS stocks that he would buy on the October pullback based on attractive risk-reward and growth profiles looking out into 2020, namely Shopify (SHOP), Salesforce (CRM), Twilio (TWLO), Wix.com (WIX), Zendesk (ZEN), BlackLine (BL), Avalara (AVLR), and Mindbody (MB).
10/08/18
DBAB
10/08/18
INITIATION
DBAB
Buy
Twilio initiated with a Buy at Deutsche Bank
Deutsche Bank analyst Michael Turrin initiated Twilio with a Buy rating and $88 price target.
10/02/18
DADA
10/02/18
INITIATION
Target $99
DADA
Buy
Twilio initiated with a Buy at DA Davidson
DA Davidson analyst Rishi Jaluria initiated Twilio with a Buy rating and a price target of $99, citing the company's "rapid growth, market leadership position, and developer-driven model". The analyst notes he is especially positive on the company's leadership in CPaas - communications platform as a service - which is a "growing area of importance for software developers". Jaluria also points to Twilio's "developer-centric model" that focuses on product development and reliability as well as its rapid growth, with annual revenues rising 68% from 2013 to 2017.
09/04/18
KEYB
09/04/18
NO CHANGE
Target $64
KEYB
Overweight
Bandwidth price target raised to $64 from $45 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for Bandwidth (BAND) to $64 from $45 as he believes 2018 marks an inflection year for cloud software APIs that are poised to go ubiquitous across the broader enterprise over the next five years. The analyst has increasing confidence in the upside levers to cloud software API business models like Amazon (AMZN), Twilio (TWLO), Bandwidth, and SendGrid (SEND). Bracelin reiterates an Overweight rating on Bandwidth shares.
SEND Acquired by TWLO
$30.94

0.04 (0.13%)

09/24/18
FANA
09/24/18
INITIATION
Target $45
FANA
Strong Buy
SendGrid initiated with a Strong Buy at First Analysis
First Analysis analyst David Gearhart initiated SendGrid with a Strong Buy rating and a price target of $45, citing its position as a leader in email delivery and its multiple catalysts for growth. The analyst says the company should see a 20% top-line growth and improving profitability, along with free cash flow generation, over the foreseeable future amid the business trend of transition to outsourced platforms, industry volume growth, and cross-sell opportunities. Gearhart also cites SendGrid software capability to be "quickly integrated by businesses through a cloud-based API", which allows for "automated delivery of wanted transactional and marketing emails to end customer and user inboxes at scale". The analyst notes that the company's valuation of 12.6-times enterprise value to expected 2018 sales is comparable to its peer group.
09/04/18
KEYB
09/04/18
NO CHANGE
Target $42
KEYB
Overweight
SendGrid price target raised to $42 from $32 at KeyBanc
KeyBanc analyst Brent Bracelin raised his price target for SendGrid (SEND) to $42 from $32 as he believes 2018 marks an inflection year for cloud software APIs that are poised to go ubiquitous across the broader enterprise over the next five years. The analyst has increasing confidence in the upside levers to cloud software API business models like Amazon (AMZN), Twilio (TWLO), Bandwidth (BAND), and SendGrid. Bracelin reiterates an Overweight rating on SendGrid shares.
04/25/18
ADAM
04/25/18
INITIATION
Target $32
ADAM
Buy
SendGrid initiated with a Buy at Canaccord
Canaccord analyst Richard Davis initiated SendGrid with a Buy saying it is a promising business as a SaaS vertical firm. He said the company has low-friction selling/adoption, a business-to-developer GTM model, and has infrastructure layers where buyers source the various components of their stack. Davis has a $32 price target on SendGrid shares.

TODAY'S FREE FLY STORIES

FB

Facebook

$189.02

0.21 (0.11%)

, TWTR

Twitter

$39.97

-0.29 (-0.72%)

12:37
10/16/19
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On The Fly
#SocialStocks: Facebook still advancing Libra, Twitter clarifies rules »

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FB

Facebook

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0.21 (0.11%)

TWTR

Twitter

$39.97

-0.29 (-0.72%)

SNAP

Snap

$13.68

-0.41 (-2.91%)

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IRM

Iron Mountain

$32.64

-0.135 (-0.41%)

12:35
10/16/19
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12:35
Options
Iron Mountain put volume heavy and directionally bearish »

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AMZN

Amazon.com

$1,776.00

7.3 (0.41%)

12:33
10/16/19
10/16
12:33
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12:33
Hot Stocks
U.K.'s CMA announces formal investigation of Amazon's Deliveroo investment »

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NBEV

New Age Beverages

$2.73

(0.00%)

12:32
10/16/19
10/16
12:32
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New Age Beverages says on Twitter that 'big news coming' for Nestea »

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12:30
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General news
FX Action: USD-JPY »

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NWL

Newell Brands

$19.31

0.14 (0.73%)

12:25
10/16/19
10/16
12:25
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12:25
Options
Newell Brands call volume above normal and directionally bullish »

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GM

General Motors

$37.04

0.77 (2.12%)

12:18
10/16/19
10/16
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12:18
Hot Stocks
General Motors confirms UAW's statement regarding proposed tentative agreement »

GM said in a statement:…

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    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
10/16/19
10/16
12:16
10/16/19
12:16
Technical Analysis
NYSE market internals summary »

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PLAN

Anaplan

$44.40

-3.33 (-6.98%)

12:15
10/16/19
10/16
12:15
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12:15
Options
Anaplan put volume heavy and directionally bearish »

Bearish flow noted in…

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MCK

McKesson

$146.86

8.69 (6.29%)

, ABC

AmerisourceBergen

$87.62

4.44 (5.34%)

12:11
10/16/19
10/16
12:11
10/16/19
12:11
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks continue in a…

MCK

McKesson

$146.86

8.69 (6.29%)

ABC

AmerisourceBergen

$87.62

4.44 (5.34%)

CAH

Cardinal Health

$49.76

1.83 (3.82%)

JNJ

Johnson & Johnson

$136.44

3.6 (2.71%)

TEVA

Teva

$7.33

0.37 (5.32%)

GM

General Motors

$37.14

0.87 (2.40%)

UAL

United Airlines

$90.00

2.1 (2.39%)

BA

Boeing

$376.35

5.36 (1.44%)

BAC

Bank of America

$30.38

0.64 (2.15%)

MGM

MGM Resorts

$27.47

-0.4 (-1.44%)

BX

Blackstone

$46.86

-0.24 (-0.51%)

ACHN

Achillion

$6.25

2.595 (71.00%)

ALXN

Alexion

$102.60

-2.245 (-2.14%)

SFIX

Stitch Fix

$22.00

1.17 (5.62%)

WDAY

Workday

$158.51

-22.33 (-12.35%)

SNBR

Sleep Number

$45.49

-1.2 (-2.57%)

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    Nov

WB

Weibo

$52.17

2.85 (5.78%)

12:05
10/16/19
10/16
12:05
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12:05
Options
Weibo call volume above normal and directionally bullish »

Bullish option flow…

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APHA

Aphria

$5.00

-0.41 (-7.58%)

12:00
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Aphria falls -8.1% »

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  • 12

    Nov

NOW

ServiceNow

$251.40

-23.2 (-8.45%)

12:00
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Hot Stocks
ServiceNow falls -8.3% »

ServiceNow is down -8.3%,…

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AVD

American Vanguard

$13.39

-1.87 (-12.25%)

12:00
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12:00
Hot Stocks
American Vanguard falls -12.6% »

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HOV

Hovnanian

$28.26

2.2 (8.44%)

12:00
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Hovnanian rises 8.2% »

Hovnanian is up 8.2%, or…

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OMI

Owens & Minor

$6.98

0.55 (8.55%)

12:00
10/16/19
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Hot Stocks
Owens & Minor rises 8.2% »

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FIT

Fitbit

$3.75

0.305 (8.85%)

12:00
10/16/19
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Hot Stocks
Fitbit rises 8.7% »

Fitbit is up 8.7%, or 30c…

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GM

General Motors

$37.17

0.9 (2.48%)

11:57
10/16/19
10/16
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11:57
Hot Stocks
UAW sends proposed tentative deal to UAW GM members to ratify »

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  • 29

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PDCO

Patterson Companies

$17.42

0.09 (0.52%)

, HSIC

Henry Schein

$62.68

0.83 (1.34%)

11:55
10/16/19
10/16
11:55
10/16/19
11:55
Hot Stocks
Judge rules Patterson Companies violated U.S. antitrust laws in FTC complaint »

Chief Administrative Law…

PDCO

Patterson Companies

$17.42

0.09 (0.52%)

HSIC

Henry Schein

$62.68

0.83 (1.34%)

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HSIC

Henry Schein

$62.41

0.56 (0.91%)

11:50
10/16/19
10/16
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10/16/19
11:50
Hot Stocks
Judge dismisses FTC complaint against Henry Schein »

Chief Administrative Law…

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XLF

Financial Select Sector

$28.06

-0.02 (-0.07%)

11:50
10/16/19
10/16
11:50
10/16/19
11:50
Options
Upside call buyer in Financial Sector ETF tied to hedge »

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IRBT

iRobot

$58.37

0.58 (1.00%)

11:48
10/16/19
10/16
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Hot Stocks
SharkNinja says 'will aggressively defend' against iRobot patent suit »

SharkNinja announced that…

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  • 23

    Oct

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RNET

RigNet

11:46
10/16/19
10/16
11:46
10/16/19
11:46
Initiation
RigNet initiated  »

RigNet initiated with a…

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ATNI

ATN International

11:46
10/16/19
10/16
11:46
10/16/19
11:46
Initiation
ATN International initiated  »

ATN International…

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  • 24

    Oct

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