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NASDAQ:BAND

Bandwidth - BAND Stock Forecast, Price & News

$19.12
+1.44 (+8.14%)
(As of 08/12/2022 04:18 PM ET)
Add
Compare
Today's Range
$17.82
$19.35
50-Day Range
$15.33
$21.25
52-Week Range
$15.00
$114.06
Volume
778,633 shs
Average Volume
609,564 shs
Market Capitalization
$483.30 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$49.27

Bandwidth MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
155.2% Upside
$49.27 Price Target
Short Interest
Bearish
11.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.44
Upright™ Environmental Score
News Sentiment
0.40mentions of Bandwidth in the last 14 days
Based on 19 Articles This Week
Insider Trading
Acquiring Shares
$321,300 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.52) to ($0.09) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Computer And Technology Sector

285th out of 659 stocks

Prepackaged Software Industry

93rd out of 230 stocks

BAND stock logo

About Bandwidth (NASDAQ:BAND) Stock

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.

Analysts Set New Price Targets

BAND has been the topic of several research reports. Canaccord Genuity Group dropped their price target on shares of Bandwidth from $71.00 to $50.00 in a research report on Friday, August 5th. Robert W. Baird cut Bandwidth from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $38.00 to $25.00 in a report on Monday, May 16th. Needham & Company LLC cut Bandwidth from a "buy" rating to a "hold" rating in a report on Friday, May 6th. Piper Sandler reduced their target price on Bandwidth from $40.00 to $29.00 and set an "overweight" rating for the company in a report on Wednesday, July 13th. Finally, Citigroup cut their price objective on Bandwidth from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $57.67.

Bandwidth Stock Up 6.7 %

Shares of BAND Stock opened at $17.68 on Friday. The company has a debt-to-equity ratio of 2.90, a current ratio of 3.98 and a quick ratio of 3.98. The stock's 50 day simple moving average is $18.29 and its 200 day simple moving average is $28.54. Bandwidth has a twelve month low of $15.00 and a twelve month high of $115.78.

Bandwidth (NASDAQ:BAND - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.03. Bandwidth had a negative net margin of 5.37% and a negative return on equity of 1.07%. During the same period last year, the business earned $0.21 EPS. As a group, equities research analysts forecast that Bandwidth will post -0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bandwidth news, Director Lukas M. Roush purchased 10,000 shares of the stock in a transaction dated Monday, August 8th. The shares were bought at an average cost of $16.25 per share, with a total value of $162,500.00. Following the completion of the transaction, the director now owns 14,527 shares in the company, valued at approximately $236,063.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 1,105 shares of company stock valued at $22,113 in the last quarter. Insiders own 5.79% of the company's stock.

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BAND Stock News Headlines

A Breakout Stock Is On The Way
First movers have always done well. Could this stock be next?
Citigroup Lowers Bandwidth (NASDAQ:BAND) Price Target to $19.00
A Breakout Stock Is On The Way
First movers have always done well. Could this stock be next?
Bandwidth CEO Morken talks strategy for rocky economy
Recap: Bandwidth Q2 Earnings - Benzinga
Bandwidth (NASDAQ:BAND) Given Maintains Rating at Barclays
See More Headlines
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BAND Company Calendar

Last Earnings
8/03/2022
Today
8/12/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:BAND
Fax
N/A
Employees
1,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$49.27
High Stock Price Forecast
$106.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+157.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$-27,360,000.00
Pretax Margin
-6.14%

Debt

Sales & Book Value

Annual Sales
$490.91 million
Cash Flow
$3.82 per share
Book Value
$8.69 per share

Miscellaneous

Free Float
23,813,000
Market Cap
$483.30 million
Optionable
Optionable
Beta
0.83














BAND Stock - Frequently Asked Questions

Should I buy or sell Bandwidth stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BAND shares.
View BAND analyst ratings
or view top-rated stocks.

What is Bandwidth's stock price forecast for 2022?

11 equities research analysts have issued 12-month price objectives for Bandwidth's stock. Their BAND share price forecasts range from $19.00 to $106.00. On average, they predict the company's share price to reach $49.27 in the next twelve months. This suggests a possible upside of 160.8% from the stock's current price.
View analysts price targets for BAND
or view top-rated stocks among Wall Street analysts.

How have BAND shares performed in 2022?

Bandwidth's stock was trading at $71.76 at the beginning of 2022. Since then, BAND stock has decreased by 73.7% and is now trading at $18.89.
View the best growth stocks for 2022 here
.

When is Bandwidth's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our BAND earnings forecast
.

How were Bandwidth's earnings last quarter?

Bandwidth Inc. (NASDAQ:BAND) released its earnings results on Wednesday, August, 3rd. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.03. Bandwidth had a negative trailing twelve-month return on equity of 1.07% and a negative net margin of 5.37%. During the same quarter in the prior year, the company posted $0.21 EPS.

What guidance has Bandwidth issued on next quarter's earnings?

Bandwidth issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $0.10-$0.14 for the period, compared to the consensus EPS estimate of $0.12. The company issued revenue guidance of $551.00 million-$557.00 million, compared to the consensus revenue estimate of $551.46 million.

What is David Morken's approval rating as Bandwidth's CEO?

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.

What other stocks do shareholders of Bandwidth own?

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).

When did Bandwidth IPO?

(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.

What is Bandwidth's stock symbol?

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

Who are Bandwidth's major shareholders?

Bandwidth's stock is owned by a variety of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (1.98%), Handelsbanken Fonder AB (1.12%), Monarch Partners Asset Management LLC (0.66%), Deutsche Bank AG (0.62%), Herald Investment Management Ltd (0.55%) and BNP Paribas Arbitrage SA (0.26%). Insiders that own company stock include Anthony Bartolo, Brian D Bailey, Daryl Raiford, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, 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.
View institutional ownership trends
.

How do I buy shares of Bandwidth?

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.
Compare Top Brokerages Here.

What is Bandwidth's stock price today?

One share of BAND stock can currently be purchased for approximately $18.89.

How much money does Bandwidth make?

Bandwidth (NASDAQ:BAND) has a market capitalization of $477.92 million and generates $490.91 million in revenue each year. The company earns $-27,360,000.00 in net income (profit) each year or ($1.13) on an earnings per share basis.

How many employees does Bandwidth have?

The company employs 1,100 workers across the globe.

How can I contact Bandwidth?

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.

This page (NASDAQ:BAND) was last updated on 8/12/2022 by MarketBeat.com Staff

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