U.S. markets closed

Today’s Research Reports on Stocks to Watch: Twilio and Fuwei Films

NEW YORK, NY / ACCESSWIRE / October 17, 2018 / Twilio saw a modest drop on Tuesday despite announcing its largest acquisition in its history. The company plans to acquire SendGrid for around $2 billion. Shares of Fuwei Films saw big gains after revealing it received a higher amount of orders for the fourth quarter from a major customer.

RDI Initiates Coverage on:

Twilio Inc.
https://rdinvesting.com/news/?ticker=TWLO

Fuwei Films (Holdings) Co., Ltd.
https://rdinvesting.com/news/?ticker=FFHL

Twilio Inc. shares were down a modest 0.28% on Tuesday on trading volume that was a lot higher than usual. The stock traded around 21.9 million shares compared to an average of just under 2.5 million shares. The company has announced that it plans to acquire SendGrid, an API-centric email platform, for about $2 billion in an all-stock transaction. The acquisition, which is expected to close in the first half of next year, would be Twilio's largest so far. Co-founder and CEO Jeff Lawson said, "The two companies share the same vision, the same model, and the same values. We believe this is a once-in-a-lifetime opportunity to bring together the two leading developer-focused communications platforms to create the unquestioned platform of choice for all companies looking to transform their customer engagement.” SendGrid will become a wholly owned subsidiary of Twilio and its common stock will be converted into Twilio stock.

Access RDI’s Twilio Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWLO

Fuwei Films (Holdings) Co., Ltd. shares closed up 23.70% on nearly 4.2 million shares traded yesterday but gave some of those gains back in after-hours trading. The stock saw a decline of 5.61% after-hours. Volume was tremendous compared to the stock's average trading volume of just about 30,000 shares. The big moves came after the manufacturer and distributor of high-quality BOPET plastic films in China, announced that it has received higher orders for the fourth quarter of 2018 from its major customer, Eternal Electronic Material (Guangzhou) Co., Ltd. ("Eternal Electronic"). Based on the expanded demand, Fuwei Films expects that fourth quarter sales to Eternal Electronic will be approximately 30% higher as compared to the same period a year ago. Chairman Mr. Zengyong Wang commented, "The order increase from Eternal Electronic demonstrates that the product quality of our PCB-purpose polyester film is recognized by our major customers. Meanwhile, we believe that the order growth also helps improve the Company's financial performance. Going forward, we plan to continue developing our portfolio of new and high-quality film products and maintain excellent customer service for competitive positioning."

Access RDI’s Fuwei Films (Holdings) Co., Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=FFHL

Our Actionable Research on Twilio Inc. (NYSE: TWLO) and Fuwei Films (Holdings) Co., Ltd. (NASDAQ: FFHL) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com