NASDAQ:BANDBandwidth Stock Price, Forecast & News

Bandwidth's stock was trading at $58.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BAND stock has increased by 131.8% and is now trading at $135.82. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Bandwidth.

Bandwidth is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Bandwidth.

Bandwidth Inc (NASDAQ:BAND) issued its quarterly earnings data on Thursday, April, 30th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.15. The firm had revenue of $68.50 million for the quarter, compared to analyst estimates of $63.29 million. Bandwidth had a negative net margin of 0.22% and a negative return on equity of 2.67%. The business's revenue for the quarter was up 28.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. View Bandwidth's earnings history.

Bandwidth issued an update on its FY20 earnings guidance on Thursday, April, 30th. The company provided earnings per share (EPS) guidance of $(0.03)-0.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.32). The company issued revenue guidance of $281.6-283.1 million, compared to the consensus revenue estimate of $270.82 million.

7 analysts have issued 1 year price targets for Bandwidth's shares. Their forecasts range from $95.00 to $130.00. On average, they anticipate Bandwidth's share price to reach $111.50 in the next twelve months. This suggests that the stock has a possible downside of 17.9%. View analysts' price targets for Bandwidth.

Media stories about BAND stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Bandwidth earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Bandwidth.

Some companies that are related to Bandwidth include Symantec (SYMC), Ceridian HCM (CDAY), Dynatrace (DT), Nice (NICE), Alteryx (AYX), NortonLifeLock (NLOK), Cloudflare (NET), Temenos (TMNSF), Avalara (AVLR), UBISOFT ENTMT S/ADR (UBSFY), Black Knight (BKI), HubSpot (HUBS), Fastly (FSLY), Guidewire Software (GWRE) and Dropbox (DBX). View all competitors.

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 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 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 institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.01%), Carroll Financial Associates Inc. (0.00%) and Whittier Trust Co. (0.00%). Company insiders that own Bandwidth stock include Brian D Bailey, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, James A Bowen, 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 bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., Carroll Financial Associates Inc., and Whittier Trust Co.. 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 $135.82.

Bandwidth has a market capitalization of $3.24 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]