Twilio (NYSE:TWLO) and Cloudflare (NYSE:NET) were in focus on Thursday as the results of Piper Sandler’s latest teen survey are likely to benefit both enterprise software companies.
“…[There] was a shift in streaming usage towards apps that don’t use third-party [content delivery networks] and slightly lower (but seasonal) social media use, all of which is a slight negative for AKAM & FSLY,” Piper Sandler analyst James Fish wrote in a note to clients. “Additionally, [customer experience] interactions / volumes were slightly lower, a slight headwind for [customer experience]-providers.”
Delving deeper, the results of the survey showed that text or marketing campaigns rose 33%, while authentication via SMS held steady share at 52%, which the investment firm said is positive for Twilio.
Additionally, Cloudflare is “gaining primarily” at the expense of Fastly (FSLY) and Amazon (AMZN) in the content delivery network space. Akamai (AKAM) is still the leader at 39%, while Fastly, Amazon and Cloudflare have 27%, 22% and 11% shares, respectively.
Twilio and CloudFlare shares were little changed in premarket trading.
