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. Since then, BAND shares have increased by 126.8% and is now trading at $132.91. 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 results on Thursday, April, 30th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.11) by $0.15. The company had revenue of $68.50 million for the quarter, compared to analyst estimates of $63.29 million. Bandwidth had a negative return on equity of 2.67% and a negative net margin of 0.22%. The company's revenue was up 28.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($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 guidance of $(0.03)-0.03 for the period, compared to the Thomson Reuters consensus EPS 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 equities research 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 stock price to reach $111.50 in the next year. This suggests that the stock has a possible downside of 16.1%. View analysts' price targets for Bandwidth.

Media stories about BAND stock have been trending negative on Wednesday, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Bandwidth earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Bandwidth.

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

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 $132.91.

Bandwidth has a market capitalization of $3.17 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]