NEW YORK (TheStreet) - Cloud communications company Twilio (TWLO) - Get Report has been on fire since its June 23 initial public offering. That day, shares of the company finished at $28.79, a 92% increase from its $15 IPO price.

As of early-afternoon trading Friday, shares of the San Francisco company were at $52.78.

Is this kind of growth sustainable? Loop Capital President Kourtney Gibson thinks so.

"I think it has plenty of room still to grow. I don't think it's overvalued," she said in an appearance on CNBC's "Halftime Report."

Twilio provides programming interfaces that allow software developers to add the capacity to send and receive text messages and phone calls to their applications. Ride-hailing app Uber, department store operator Nordstrom (JWN), housing-rental startup Airbnb and video-streaming service Netflix (NFLX) are some of the company's more notable clients.

"They are just knocking the cover off the ball," said Gibson, who bought shares of the company at its IPO. "I think as a tech company that's actually focused on profitability - and quick profitability - they are moving down the right path."

Twilio announced its second quarter earnings on August 8. The company reported a non-GAAP net loss per share of 8 cents, which surpassed analyst estimates of a 14-cent loss per share. It also reported revenue of roughly $64.5 million, a 70% increase relative to the second quarter of 2015. Revenue had been projected at $58.22 million.

Image placeholder title

TWLO

data by

YCharts