NASDAQ:BANDBandwidth Stock Price, Forecast & News

Bandwidth's stock was trading at $58.60 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BAND stock has increased by 151.3% and is now trading at $147.25.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Bandwidth is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Bandwidth.

Bandwidth Inc (NASDAQ:BAND) posted its quarterly earnings results on Thursday, July, 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.00 by $0.13. The firm had revenue of $76.79 million for the quarter, compared to analyst estimates of $70.44 million. Bandwidth had a negative return on equity of 1.42% and a negative net margin of 9.21%.
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Bandwidth issued an update on its FY20 earnings guidance on Thursday, July, 30th. The company provided EPS guidance of $0.05 to $0.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.32). The company issued revenue guidance of $296.8 million to $298.3 million, compared to the consensus revenue estimate of $282.10 million.

7 brokerages have issued twelve-month target prices for Bandwidth's shares. Their forecasts range from $99.00 to $175.00. On average, they anticipate Bandwidth's share price to reach $139.83 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
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Media coverage about BAND stock has trended extremely negative on Sunday, according to InfoTrie. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. 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 daily sentiment score of -4.8 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Bandwidth.

Some companies that are related to Bandwidth include NortonLifeLock (NLOK), Nice (NICE), Cloudflare (NET), HubSpot (HUBS), Mongodb (MDB), Black Knight (BKI), Temenos (TMNSF), Dynatrace (DT), Ceridian HCM (CDAY), PTC (PTC), UBISOFT ENTMT S/ADR (UBSFY), Avalara (AVLR), Guidewire Software (GWRE), Trend Micro (TMICY) and Dropbox (DBX).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Bandwidth investors own include NVIDIA (NVDA), GW Pharmaceuticals PLC- (GWPH), Twilio (TWLO), Micron Technology (MU), Paycom Software (PAYC), Alibaba Group (BABA), Okta (OKTA), Splunk (SPLK), Tesla (TSLA) 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 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 a variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (4.12%), Jennison Associates LLC (2.31%), TimesSquare Capital Management LLC (1.13%), KAMES CAPITAL plc (0.92%), Kornitzer Capital Management Inc. KS (0.89%) and Parcion Private Wealth LLC (0.58%). Company insiders that own Bandwidth stock include Brian D Bailey, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, Jeffrey A Hoffman, John C Murdock, Kade Ross, Lukas M Roush, Rebecca Bottorff 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 Jennison Associates LLC, Victory Capital Management Inc., Monarch Partners Asset Management LLC, Chartwell Investment Partners LLC, Principal Financial Group Inc., Moody Aldrich Partners LLC, New York State Common Retirement Fund, and Russell Investments Group Ltd.. Company insiders that have sold Bandwidth company stock in the last year include Brian D Bailey, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, Jeffrey A Hoffman, John C Murdock, Kade Ross, Rebecca Bottorff, and W Christopher Matton.
View insider buying and selling activity for Bandwidth.

BAND stock was bought by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Moseley Investment Management Inc., Parcion Private Wealth LLC, First Trust Advisors LP, KAMES CAPITAL plc, Kornitzer Capital Management Inc. KS, Bessemer Group Inc., and Valmark Advisers Inc..
View insider buying and selling activity 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 $147.25.

Bandwidth has a market capitalization of $3.56 billion and generates $232.59 million in revenue each year. The company earns $2.49 million in net income (profit) each year or ($0.43) on an earnings per share basis. Bandwidth employs 611 workers across the globe.

The official website for Bandwidth is 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]