Bandwidth (BAND) Stock Forecast, Price & News

7 Wall Street equities 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 equities research analysts is that investors should "buy" BAND shares.
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7 Wall Street research analysts have issued twelve-month price targets for Bandwidth's shares. Their BAND share price forecasts range from $14.00 to $34.00. On average, they predict the company's share price to reach $23.78 in the next twelve months. This suggests a possible upside of 81.8% from the stock's current price.
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Bandwidth's stock was trading at $22.95 at the start of the year. Since then, BAND shares have decreased by 43.0% and is now trading at $13.08.
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Bandwidth saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,770,000 shares, an increase of 7.3% from the April 30th total of 1,650,000 shares. Based on an average daily volume of 607,600 shares, the days-to-cover ratio is presently 2.9 days. Currently, 7.8% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our BAND earnings forecast.

Bandwidth Inc. (NASDAQ:BAND) released its quarterly earnings data on Tuesday, May, 2nd. The company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). The firm earned $137.84 million during the quarter, compared to analyst estimates of $132.99 million. Bandwidth had a negative trailing twelve-month return on equity of 1.69% and a net margin of 5.17%.

ETFs with the largest weight of Bandwidth (NASDAQ:BAND) stock in their portfolio include Global X Education ETF (EDUT), SPDR S&P Telecom ETF (XTL), Invesco Nasdaq Future Gen 200 ETF (QQQS), iShares Virtual Work and Life Multisector ETF (IWFH), Invesco DWA SmallCap Momentum ETF (DWAS), Vanguard Communication Services ETF (VOX) and Fidelity MSCI Communication Services Index ETF (FCOM).Motley Fool Next Index ETF (TMFX).

Bandwidth updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $140.00 million-$142.00 million, compared to the consensus revenue estimate of $139.38 million.

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.

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).

(BAND) raised $84 million in an initial public offering 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.

Bandwidth trades on the NASDAQ under the ticker symbol "BAND."

Bandwidth's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (2.84%), State Street Corp (2.55%), Dimensional Fund Advisors LP (2.50%), Renaissance Technologies LLC (2.21%), Geode Capital Management LLC (1.72%) and Allspring Global Investments Holdings LLC (1.71%). Insiders that own company stock include Anthony Bartolo, Brian D Bailey, Daryl Raiford, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Jeffrey A Hoffman, John C Murdock, Kade Ross, Lukas M Roush, Lukas M Roush, Marina C Carreker, Rebecca Bottorff, Richard Brandon Asbill and W Christopher Matton.
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Shares of BAND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BAND stock can currently be purchased for approximately $13.08.

Bandwidth (NASDAQ:BAND) has a market capitalization of $334.32 million and generates $573.15 million in revenue each year. The company earns $19.57 million in net income (profit) each year or ($0.72) on an earnings per share basis.

The company employs 1,100 workers across the globe.

Bandwidth's mailing address is 900 MAIN CAMPUS DRIVE, RALEIGH NC, 27606. The official website for the company is www.bandwidth.com. The company can be reached via phone at 800-808-5150 or via email at ir@bandwidth.com.