Shares of Twilio Inc. (NYSE:TWLO – Get Rating) have received a consensus recommendation of “Buy” from the twenty-five ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and twenty-one have given a buy recommendation to the […]
Dreamstime
Zoom Video Communications shares are on the mend after the company priced an offering of 5.15 million shares at $340 each, generating proceeds of $1.75 billion before expenses. That is a little larger than the $1.5 billion originally targeted.
The offering will nearly double the company’s holdings in cash and marketable securities, which stood at $1.87 billion as of the end of the October quarter. Zoom (ticker: ZM) has no long-term debt.
Stifel analyst Tom Roderick says the deal adds financial flexibility, but that he thinks the total would have to be higher in order for the company to achieve substantial growth via acquisitions. “While [the company now has] a sizable war chest, the cash alone doesn’t necessarily put potential targets like