NASDAQ:BAND

Bandwidth (BAND) Stock Price, News & Analysis

$17.78
-0.67 (-3.63%)
(As of 04/25/2024 ET)
Today's Range
$17.41
$18.02
50-Day Range
$11.96
$20.69
52-Week Range
$9.34
$21.68
Volume
190,743 shs
Average Volume
345,487 shs
Market Capitalization
$467.10 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.71

Bandwidth MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
10.9% Upside
$19.71 Price Target
Short Interest
Bearish
5.21% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.44
Upright™ Environmental Score
News Sentiment
0.22mentions of Bandwidth in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$239,567 Sold Last Quarter
Proj. Earnings Growth
121.05%
From $0.19 to $0.42 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.66 out of 5 stars

Computer And Technology Sector

212th out of 591 stocks

Prepackaged Software Industry

63rd out of 192 stocks

BAND stock logo

About Bandwidth Stock (NASDAQ:BAND)

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth's APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.

BAND Stock Price History

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Company Calendar

Last Earnings
2/28/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:BAND
Fax
N/A
Employees
1,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.71
High Stock Price Target
$38.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+10.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$-16,340,000.00
Pretax Margin
-3.21%

Debt

Sales & Book Value

Annual Sales
$601.12 million
Cash Flow
$1.64 per share
Book Value
$11.37 per share

Miscellaneous

Free Float
24,747,000
Market Cap
$467.10 million
Optionable
Optionable
Beta
1.48
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BAND Stock Analysis - Frequently Asked Questions

Should I buy or sell Bandwidth stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BAND shares.
View BAND analyst ratings
or view top-rated stocks.

What is Bandwidth's stock price target for 2024?

7 Wall Street analysts have issued twelve-month target prices for Bandwidth's shares. Their BAND share price targets range from $13.00 to $38.00. On average, they anticipate the company's share price to reach $19.71 in the next twelve months. This suggests a possible upside of 10.9% from the stock's current price.
View analysts price targets for BAND
or view top-rated stocks among Wall Street analysts.

How have BAND shares performed in 2024?

Bandwidth's stock was trading at $14.47 at the beginning of the year. Since then, BAND stock has increased by 22.9% and is now trading at $17.78.
View the best growth stocks for 2024 here
.

When is Bandwidth's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our BAND earnings forecast
.

How can I listen to Bandwidth's earnings call?

Bandwidth will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "5428752".

How were Bandwidth's earnings last quarter?

Bandwidth Inc. (NASDAQ:BAND) announced its quarterly earnings results on Wednesday, February, 28th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.01. The business earned $165 million during the quarter, compared to the consensus estimate of $154.17 million. Bandwidth had a negative net margin of 2.72% and a negative trailing twelve-month return on equity of 3.10%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.04 EPS.

What ETFs hold Bandwidth's stock?

ETFs with the largest weight of Bandwidth (NASDAQ:BAND) stock in their portfolio include Global X Education ETF (EDUT) and SPDR S&P Telecom ETF (XTL).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

What guidance has Bandwidth issued on next quarter's earnings?

Bandwidth updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $164.0 million-$166.0 million, compared to the consensus revenue estimate of $151.9 million.

What is David Morken's approval rating as Bandwidth's CEO?

218 employees have rated Bandwidth Chief Executive Officer David Morken on Glassdoor.com. David Morken has an approval rating of 86% among the company's employees. 76.0% of employees surveyed would recommend working at Bandwidth to a friend.

What other stocks do shareholders of Bandwidth own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bandwidth investors own include NVIDIA (NVDA), Tesla (TSLA), Shopify (SHOP), PayPal (PYPL), Trade Desk (TTD), Zoom Video Communications (ZM), Block (SQ), CrowdStrike (CRWD), DocuSign (DOCU) and Netflix (NFLX).

When did Bandwidth IPO?

Bandwidth (BAND) raised $84 million in an IPO on Friday, November 10th 2017. The company issued 4,000,000 shares at a price of $20.00-$22.00 per share. Morgan Stanley, KeyBanc Capital Markets and Baird served as the underwriters for the IPO and Canaccord Genuity and JMP Securities were co-managers.

Who are Bandwidth's major shareholders?

Bandwidth's stock is owned by many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.08%), Los Angeles Capital Management LLC (0.08%) and Oak Harbor Wealth Partners LLC (0.04%). Insiders that own company stock include Anthony Bartolo, Brian D Bailey, Daryl Raiford, David A Morken, Devin M Krupka, Douglas A Suriano, Gabriela Gonzalez, John C Murdock, Kade Ross, Lukas M Roush, Lukas M Roush, Marina C Carreker, Rebecca Bottorff and Richard Brandon Asbill.
View institutional ownership trends
.

How do I buy shares of Bandwidth?

Shares of BAND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:BAND) was last updated on 4/26/2024 by MarketBeat.com Staff

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