Diamonds and Dogs
FireEye (FEYE) on fire again. The cybersecurity company is up 14% to a five month high following better than expected earnings. The company easily beat earnings and sales estimates. The company also raised earnings and sales guidance for the second quarter. The downside is the company continues to lose money, but it did get a couple of upgrades.
Twilio (TWLO) falling out of favor with Uber. The communications platform company that enables developers to build, scale, and operate communications within software applications is down 26% following earnings last night. The company did beat estimates, but guided second quarter and full year below estimates due to a change in its relationship with Uber, its largest customer which accounts for 12% of revenue. Uber plans to move some of its communications to a rival platform.
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