Bandwidth Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Bandwidth stock.
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Wall Street analysts have given Bandwidth a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Bandwidth wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Bandwidth is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Bandwidth.

Bandwidth Inc. (NASDAQ:BAND) posted its quarterly earnings data on Tuesday, May, 4th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.29. Bandwidth had a negative net margin of 12.43% and a positive trailing twelve-month return on equity of 2.94%.
View Bandwidth's earnings history.

Bandwidth's stock was trading at $58.60 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BAND shares have increased by 116.7% and is now trading at $127.00.
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Bandwidth updated its FY 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share guidance of 0.470-0.550 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.100. The company issued revenue guidance of $473.10 million-$476.10 million, compared to the consensus revenue estimate of $465.24 million.

7 brokerages have issued 12-month price targets for Bandwidth's stock. Their forecasts range from $125.00 to $227.00. On average, they expect Bandwidth's share price to reach $190.71 in the next year. This suggests a possible upside of 50.2% from the stock's current price.
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112 employees have rated Bandwidth CEO David Morken on Glassdoor.com. David Morken has an approval rating of 86% among Bandwidth's employees.

Some companies that are related to Bandwidth include Elastic (ESTC), Dropbox (DBX), Black Knight (BKI), Avalara (AVLR), Temenos (TMNSF), Procore Technologies (PCOR), Paylocity (PCTY), Guidewire Software (GWRE), Manhattan Associates (MANH), Ubisoft Entertainment (UBSFY), Konami (KNMCY), Smartsheet (SMAR), Kingsoft Cloud (KC), Appian (APPN) and BlackBerry (BB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Bandwidth investors own include NVIDIA (NVDA), Tesla (TSLA), Shopify (SHOP), PayPal (PYPL), The Trade Desk (TTD), Zoom Video Communications (ZM), Square (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 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 a number of retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (5.57%), Victory Capital Management Inc. (4.25%), Fred Alger Management LLC (3.66%), Clearbridge Investments LLC (3.43%), TimesSquare Capital Management LLC (2.28%) and Jennison Associates LLC (1.88%). 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 Neuberger Berman Group LLC, Victory Capital Management Inc., Morgan Stanley, Arrowstreet Capital Limited Partnership, Point72 Asset Management L.P., Wasatch Advisors Inc., Russell Investments Group Ltd., and Cubist Systematic Strategies LLC. Company insiders that have sold Bandwidth company stock in the last year include David A Morken, Douglas A Suriano, Gabriela Gonzalez, Jeffrey A Hoffman, John C Murdock, Kade Ross, Lukas M Roush, Rebecca Bottorff, and W Christopher Matton.
View insider buying and selling activity for Bandwidth or view top insider-selling stocks.

BAND stock was bought by a variety of institutional investors in the last quarter, including Fred Alger Management LLC, Renaissance Technologies LLC, Artisan Partners Limited Partnership, Thrivent Financial for Lutherans, Melqart Asset Management UK Ltd, Bank of New York Mellon Corp, Waddell & Reed Financial Inc., and Ilmarinen Mutual Pension Insurance Co.
View insider buying and selling activity for Bandwidth or or view top insider-buying stocks.

Shares of BAND 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 $127.00.

Bandwidth has a market capitalization of $3.19 billion and generates $343.11 million in revenue each year. The company earns $-43,980,000.00 in net income (profit) each year or $0.22 on an earnings per share basis.

Bandwidth employs 960 workers across the globe.

The official website for Bandwidth is www.bandwidth.com.

Bandwidth is headquartered at 900 MAIN CAMPUS DRIVE, RALEIGH NC, 27606.

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]