Bandwidth Stock Price, News & Analysis (NASDAQ:BAND)

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

Bandwidth Inc (NASDAQ:BAND) issued its quarterly earnings results on Wednesday, July, 31st. The company reported ($0.04) EPS for the quarter, beating the Zacks' consensus estimate of ($0.23) by $0.19. The company earned $56.80 million during the quarter, compared to the consensus estimate of $55.06 million. Bandwidth had a negative return on equity of 4.97% and a net margin of 3.14%. Bandwidth's revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. View Bandwidth's Earnings History.

Bandwidth is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Bandwidth.

Bandwidth issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share (EPS) guidance of ($0.48)-($0.43) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.47). The company issued revenue guidance of $234.8-$235.8 million, compared to the consensus revenue estimate of $234.54 million.

4 analysts have issued 1-year target prices for Bandwidth's stock. Their forecasts range from $67.00 to $90.00. On average, they expect Bandwidth's share price to reach $77.40 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price. View Analyst Price Targets for Bandwidth.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Bandwidth.

News headlines about BAND stock have trended somewhat negative on Sunday, InfoTrie reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Bandwidth earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Bandwidth.

Bandwidth saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,238,200 shares, an increase of 11.1% from the July 31st total of 1,114,900 shares. Based on an average daily trading volume, of 288,600 shares, the short-interest ratio is currently 4.3 days. Approximately 7.4% of the shares of the stock are short sold. View Bandwidth's Current Options Chain.

Some companies that are related to Bandwidth include ITV PLC/ADR (ITVPY), Konami (KNMCY), RealPage (RP), Dynatrace (DT), Avalara (AVLR), SolarWinds (SWI), Medidata Solutions (MDSO), National Instruments (NATI), Micro Focus International (MFGP), Manhattan Associates (MANH), Paylocity (PCTY), Nutanix (NTNX), Nuance Communications (NUAN), Blackbaud (BLKB) and Smartsheet (SMAR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Bandwidth investors own include GW Pharmaceuticals PLC- (GWPH), Micron Technology (MU), NVIDIA (NVDA), Twilio (TWLO), Paycom Software (PAYC), Ulta Beauty (ULTA), Alibaba Group (BABA), salesforce.com (CRM), Shopify (SHOP) and Coupa Software (COUP).

(BAND) raised $84 million in an initial public offering on Friday, November 10th 2017. The company issued 4,000,000 shares at $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's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.89%), Bank of New York Mellon Corp (5.30%), Vanguard Group Inc. (3.22%), Victory Capital Management Inc. (2.51%), Jennison Associates LLC (1.67%) and Jennison Associates LLC (1.67%). Company insiders that own Bandwidth stock include Brian D Bailey, Carmichael Bandwidth Llc, David A Morken, Gabriela Gonzalez, Henry R Kaestner, James A Bowen, Jeffrey A Hoffman, John C Murdock, Lukas M Roush and W Christopher Matton. View Institutional Ownership Trends for Bandwidth.

BAND stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Invesco Ltd., Potrero Capital Research LLC, KAMES CAPITAL plc, JPMorgan Chase & Co., LPL Financial LLC, Russell Investments Group Ltd. and Jennison Associates LLC. Company insiders that have sold Bandwidth company stock in the last year include Brian D Bailey, David A Morken, Gabriela Gonzalez, Henry R Kaestner, Jeffrey A Hoffman, John C Murdock, Lukas M Roush and W Christopher Matton. View Insider Buying and Selling for Bandwidth.

BAND stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., D. E. Shaw & Co. Inc., Vanguard Group Inc., Bank of New York Mellon Corp, Putnam Investments LLC, Castleark Management LLC, Park West Asset Management LLC and Nuveen Asset Management LLC. View Insider Buying and Selling for Bandwidth.

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

One share of BAND stock can currently be purchased for approximately $70.01.

Bandwidth has a market capitalization of $1.61 billion and generates $204.11 million in revenue each year. The company earns $17.92 million in net income (profit) each year or $0.31 on an earnings per share basis. Bandwidth employs 611 workers across the globe.View Additional Information About Bandwidth.

The official website for Bandwidth is http://www.bandwidth.com/.

Bandwidth's mailing address is 900 MAIN CAMPUS DRIVE, RALEIGH NC, 27606. The company can be reached via phone at 800-808-5150 or via email at [email protected]