NASDAQ:BANDBandwidth Stock Price, Forecast & News

$110.75

-1.60 (-1.42 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$107.11

Now: $110.75▼

$112.64

50-Day Range

$72.63

MA: $95.10▼

$113.49

52-Week Range

$42.61

Now: $110.75▼

$119.98

Volume382,622 shs

Average Volume451,260 shs

Market Capitalization$2.64 billion

P/E RatioN/A

Dividend YieldN/A

Beta0.78

Bandwidth Inc. operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates through two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or text communications services across mobile application or connected device. The company also provides SIP trunking, data resale, and hosted voice over Internet protocol services. It serves large enterprises, small and medium-sized businesses, technology companies, and other business. Bandwidth Inc. was founded in 2000 and is headquartered in Raleigh, North Carolina.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Bandwidth has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $104.14, Bandwidth has a potential downside of 6.0% from its current price of $110.75.
Amount of Analyst Coverage
Bandwidth has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
Bandwidth has received 366 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Bandwidth has received 479 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Bandwidth has received 56.69% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Bandwidth and other stocks. Vote “Outperform” if you believe BAND will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BAND will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Bandwidth does not currently pay a dividend.
Dividend Growth
Bandwidth does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bandwidth insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,383,627.00 in company stock.
Percentage Held by Insiders
Only 11.05% of the stock of Bandwidth is held by insiders.
Percentage Held by Institutions
84.68% of the stock of Bandwidth is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Bandwidth are expected to grow in the coming year, from ($0.35) to ($0.23) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bandwidth is -5,537.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bandwidth is -5,537.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Bandwidth has a P/B Ratio of 9.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.25 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:BAND

Previous Symbol

CUSIPN/A

CIK1514416

Webwww.bandwidth.com

Phone800-808-5150

Debt

Debt-to-Equity Ratio0.82

Current Ratio12.89

Quick Ratio12.89

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$232.59 million

Price / Sales11.36

Cash Flow$0.13 per share

Price / Cash Flow861.84

Book Value$11.49 per share

Price / Book9.64

Profitability

EPS (Most Recent Fiscal Year)($0.43)

Net Income$2.49 million

Net Margins-0.22%

Return on Equity-2.67%

Return on Assets-1.85%

Miscellaneous

Employees611

Outstanding Shares23,860,000

Market Cap$2.64 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Bandwidth (NASDAQ:BAND) Frequently Asked Questions

How has Bandwidth's stock been impacted by COVID-19 (Coronavirus)?

Bandwidth's stock was trading at $58.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BAND stock has increased by 89.0% and is now trading at $110.75. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Bandwidth?

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.

When is Bandwidth's next earnings date?

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

How were Bandwidth's earnings last quarter?

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

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

Bandwidth updated 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 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.

What price target have analysts set for BAND?

8 analysts have issued 12 month price objectives for Bandwidth's shares. Their forecasts range from $70.00 to $130.00. On average, they anticipate Bandwidth's share price to reach $104.14 in the next twelve months. This suggests that the stock has a possible downside of 6.0%. View analysts' price targets for Bandwidth.

Has Bandwidth been receiving favorable news coverage?

News coverage about BAND stock has been trending positive on Tuesday, according to InfoTrie. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Bandwidth earned a coverage optimism score of 2.6 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutBandwidth.

Who are some of Bandwidth's key competitors?

Some companies that are related to Bandwidth include Ceridian HCM (CDAY), Dropbox (DBX), Alteryx (AYX), UBISOFT ENTMT S/ADR (UBSFY), HubSpot (HUBS), Cloudflare (NET), PTC (PTC), Avalara (AVLR), Guidewire Software (GWRE), Trend Micro (TMICY), Elastic (ESTC), Paylocity (PCTY), Smartsheet (SMAR), RealPage (RP) and Nuance Communications (NUAN). View all competitors.

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), 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).

Who are Bandwidth's key executives?

Bandwidth's management team includes the following people:

Mr. David A. Morken, Co-Founder, CEO & Chairman (Age 50)
Mr. Jeffrey A. Hoffman, Chief Financial Officer (Age 50)
Mr. Scott Mullen, Chief Technology Officer
Mr. Steve Leonard, Chief Operating Officer (Age 44)
Mr. W. Christopher Matton, Gen. Counsel & Sec. (Age 49)

When did Bandwidth IPO?

(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.

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 many different institutional and retail investors. Top institutional shareholders 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.

Which major investors are selling Bandwidth stock?

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.

Which major investors are buying Bandwidth stock?

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.

How do I buy shares of 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.

What is Bandwidth's stock price today?

One share of BAND stock can currently be purchased for approximately $110.75.

How big of a company is Bandwidth?

Bandwidth has a market capitalization of $2.64 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.

What is Bandwidth's official website?

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

How can I contact Bandwidth?

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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff