NASDAQ:BANDBandwidth Stock Price, Forecast & News

Bandwidth's stock was trading at $58.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BAND stock has increased by 90.7% and is now trading at $111.77. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 1 hold rating and 7 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) posted 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 company earned $68.50 million during the quarter, compared to analysts' expectations of $63.29 million. Bandwidth had a negative return on equity of 2.67% and a negative net margin of 0.22%. The firm's revenue was up 28.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.12) EPS. 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 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.

8 equities research analysts have issued 12 month price objectives for Bandwidth's shares. Their forecasts range from $70.00 to $120.00. On average, they anticipate Bandwidth's stock price to reach $99.14 in the next year. This suggests that the stock has a possible downside of 11.3%. View analysts' price targets for Bandwidth.

Headlines about BAND stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Bandwidth earned a news impact score of -3.9 on InfoTrie's scale. They also assigned news headlines 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 aboutBandwidth.

Some companies that are related to Bandwidth include Dynatrace (DT), Alteryx (AYX), UBISOFT ENTMT S/ADR (UBSFY), Ceridian HCM (CDAY), Temenos (TMNSF), Dropbox (DBX), Cloudflare (NET), HubSpot (HUBS), Avalara (AVLR), Guidewire Software (GWRE), PTC (PTC), Trend Micro (TMICY), Anaplan (PLAN), Elastic (ESTC) and Smartsheet (SMAR). 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 $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 number of institutional and retail investors. Top institutional investors include Wellington Management Group LLP (7.87%), BlackRock Inc. (7.26%), Capital Research Global Investors (6.13%), Bank of New York Mellon Corp (5.42%), Victory Capital Management Inc. (4.47%) and Victory Capital Management Inc. (4.41%). Company insiders that own Bandwidth stock include Brian D Bailey, Carmichael Bandwidth Llc, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, James A Bowen, Jeffrey A Hoffman, John C Murdock, 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 Shelter Haven Capital Management L.P., Keel Point LLC, Invesco Ltd., Bank of New York Mellon Corp, Jane Street Group LLC, UBS Group AG, Monarch Partners Asset Management LLC, and Calamos Advisors LLC. 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, Lukas M Roush, 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 Victory Capital Management Inc., Victory Capital Management Inc., Clearbridge Investments LLC, Fred Alger Management LLC, Jennison Associates LLC, Capital Research Global Investors, Thrivent Financial for Lutherans, and BlackRock 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 $111.77.

Bandwidth has a market capitalization of $2.67 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]