Bandwidth (BAND) to Release Earnings on Tuesday

Bandwidth (NASDAQ:BAND - Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Bandwidth has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties interested in registering for the company's conference call can do so using this link.

Bandwidth (NASDAQ:BAND - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $165.00 million during the quarter, compared to the consensus estimate of $154.17 million. Bandwidth had a negative return on equity of 3.10% and a negative net margin of 2.72%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share. On average, analysts expect Bandwidth to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bandwidth Stock Down 0.5 %

Shares of Bandwidth stock traded down $0.09 during trading on Tuesday, hitting $18.20. The company's stock had a trading volume of 169,097 shares, compared to its average volume of 338,199. The company has a debt-to-equity ratio of 1.41, a quick ratio of 2.06 and a current ratio of 2.06. The company has a fifty day simple moving average of $17.81 and a two-hundred day simple moving average of $14.51. The company has a market capitalization of $478.11 million, a PE ratio of -17.33 and a beta of 1.49. Bandwidth has a 52 week low of $9.34 and a 52 week high of $21.68.

Wall Street Analysts Forecast Growth

BAND has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Bandwidth from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, February 29th. Canaccord Genuity Group raised their price objective on shares of Bandwidth from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. Finally, KeyCorp raised their price objective on shares of Bandwidth from $16.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $19.71.

Insiders Place Their Bets

In other Bandwidth news, COO Anthony Bartolo sold 7,798 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $18.75, for a total transaction of $146,212.50. Following the sale, the chief operating officer now owns 76,469 shares in the company, valued at approximately $1,433,793.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 12,556 shares of company stock worth $239,567. Company insiders own 6.20% of the company's stock.

About Bandwidth

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.