Tiger Brokers

AI Software Shares Jump. Twilio up 17%; Cloudflare up 12%; Atlassian up 5%

Tiger Newspress
Oct 31

AI application software shares jumped in Friday trading. Twilio up 17%; Cloudflare up 12%; Atlassian up 5%; AppLovin, Datadog up 4%; Palantir, Unity, SoundHound AI up 3%.

Twilio shares climbed after the company raised its guidance for the full year.

The company, which helps other businesses send out messages, now expects annual revenue to grow 12.4% to 12.6%, an increase from the 10% to 11% range it previously shared. It also raised its view for adjusted income from operations.

Cloudflare reported Q3 adjusted earnings late Thursday of $0.27 per diluted share, up from $0.20 a year earlier. Analysts polled by FactSet expected $0.23.

Revenue in the three months ended Sept. 30 rose to $562 million from $430.1 million a year earlier.

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