BUZZ-Twilio rings in gains after quarterly results

** Shares (Berlin: DI6.BE - news) of cloud communications provider Twilio Inc (Berlin: TWH.BE - news) gap up at open, rally nearly 18 pct after co reported qtrly results after the bell on Tues

** TWLO hits $52.33, highest since Oct (Shenzhen: 000069.SZ - news) 2016. Shares last up 12.8 pct at $50.02

** YTD, TWLO has surged a massive 114.2 pct

** For Q1 2018 co reported adj loss/sh of $0.04 on rev of $129.1 mln, beating avg analyst estimate of loss/sh of $0.07 on rev of $116.6 mln (Thomson Reuters I/B/E/S)

** Total (LSE: 524773.L - news) rev for Q1 climbed 48 pct yr/yr

** Raft of PT hikes for TWLO: Canaccord Genuity (Frankfurt: A0B6V4 - news) to $52 from $38, Summit Insights Group to $53 from $36, Northland Capital to $57 from $46, Dougherty to $57 from $45, Oppenheimer to $50 from $45, Morningstar (NasdaqGS: MORN - news) to $41 from $37

** Median PT for TWLO now $52.50, up from $39 a mnth ago; of 16 analysts, seven rate stock "strong buy," five rate "buy," four rate "hold" (Thomson Reuters (Dusseldorf: TOC.DU - news) )

** R&D strong, "cranking out new products that only fuel growth and increase the addressable market," writes Northland Capital (Other OTC: CGHC - news) analyst Michael Latimore

** New (KOSDAQ: 160550.KQ - news) customers signed in Q1 include British retailer Marks and Spencer and a "top five U.S. cable company," Twilio COO George Hu said in earnings call