Bandwidth - BAND Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BAND shares.
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10 brokers have issued 12-month price targets for Bandwidth's stock. Their BAND share price forecasts range from $19.00 to $34.00. On average, they anticipate the company's stock price to reach $26.89 in the next twelve months. This suggests a possible upside of 77.1% from the stock's current price.
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Bandwidth's stock was trading at $22.95 at the beginning of 2023. Since then, BAND stock has decreased by 33.9% and is now trading at $15.18.
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Bandwidth saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 2,080,000 shares, an increase of 9.5% from the February 13th total of 1,900,000 shares. Based on an average trading volume of 658,100 shares, the short-interest ratio is currently 3.2 days. Approximately 9.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our BAND earnings forecast.

Bandwidth Inc. (NASDAQ:BAND) announced its quarterly earnings results on Thursday, February, 23rd. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $157 million for the quarter, compared to analysts' expectations of $146.96 million. Bandwidth had a negative trailing twelve-month return on equity of 0.49% and a net margin of 3.41%. The company's revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share.

ETFs with the largest weight of Bandwidth (NASDAQ:BAND) stock in their portfolio include Global X Education ETF (EDUT), Invesco DWA Technology Momentum ETF (PTF), iShares Virtual Work and Life Multisector ETF (IWFH), Invesco Nasdaq Future Gen 200 ETF (QQQS), Invesco DWA SmallCap Momentum ETF (DWAS), Direxion Daily Cloud Computing Bull 2x (CLDL), Fidelity MSCI Communication Services Index ETF (FCOM) and Motley Fool Next Index ETF (TMFX).

Bandwidth issued an update on its first quarter 2023 earnings guidance on Thursday, February, 23rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $132.00 million-$134.00 million, compared to the consensus revenue estimate of $144.80 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 (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 acted 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 investors include Millennium Management LLC (2.88%), Two Sigma Investments LP (1.70%), Geode Capital Management LLC (1.70%), Assenagon Asset Management S.A. (1.60%), Renaissance Technologies LLC (1.35%) and Parcion Private Wealth LLC (0.82%). 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 $15.18.

Bandwidth (NASDAQ:BAND) has a market capitalization of $386.18 million and generates $573.15 million in revenue each year. The company earns $19.57 million in net income (profit) each year or ($0.71) 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.