NASDAQ:BAND Bandwidth (BAND) Stock Forecast, Price & News $12.10 +0.04 (+0.33%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$11.80▼$12.2850-Day Range$10.64▼$15.2052-Week Range$9.20▼$29.07Volume307,871 shsAverage Volume575,462 shsMarket Capitalization$309.28 millionP/E RatioN/ADividend YieldN/APrice Target$23.78 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Bandwidth MarketRank™ ForecastAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside96.5% Upside$23.78 Price TargetShort InterestBearish7.78% of Float Sold ShortDividend StrengthN/ASustainability-0.44Upright™ Environmental ScoreNews Sentiment0.26Based on 11 Articles This WeekInsider TradingAcquiring Shares$147,108 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($0.14) to $0.49 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.25 out of 5 starsComputer And Technology Sector233rd out of 604 stocksPrepackaged Software Industry63rd out of 217 stocks 3.3 Analyst's Opinion Consensus RatingBandwidth has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.78, Bandwidth has a forecasted upside of 96.5% from its current price of $12.10.Amount of Analyst CoverageBandwidth has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted7.78% of the float of Bandwidth has been sold short.Short Interest Ratio / Days to CoverBandwidth has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Bandwidth has recently increased by 7.27%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldBandwidth does not currently pay a dividend.Dividend GrowthBandwidth does not have a long track record of dividend growth. Previous Next 3.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreBandwidth has received a 31.38% net impact score from Upright. Bandwidth.com seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is false driven by its "Application programming interface" and "Voice over IP software" products. See details.Environmental SustainabilityThe Environmental Impact score for Bandwidth is -0.44. Previous Next 2.9 News and Social Media Coverage News SentimentBandwidth has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Bandwidth this week, compared to 6 articles on an average week.Search Interest20 people have searched for BAND on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat Follows5 people have added Bandwidth to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Bandwidth insiders have bought 18,639.87% more of their company's stock than they have sold. Specifically, they have bought $147,108.00 in company stock and sold $785.00 in company stock.Percentage Held by InsidersOnly 5.80% of the stock of Bandwidth is held by insiders.Percentage Held by Institutions71.12% of the stock of Bandwidth is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Bandwidth are expected to grow in the coming year, from ($0.14) to $0.49 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Bandwidth is -16.81, 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. SectorThe P/E ratio of Bandwidth is -16.81, 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 RatioBandwidth has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Bandwidth (NASDAQ:BAND) StockBandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth's APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.Read More Receive BAND Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Bandwidth and its competitors with MarketBeat's FREE daily newsletter. Email Address BAND Stock News HeadlinesJune 3, 2023 | americanbankingnews.comFY2024 Earnings Forecast for Bandwidth Inc. (NASDAQ:BAND) Issued By Zacks ResearchJune 2, 2023 | msn.comHow to Make Your Own Gigabit Ethernet Cables Using Simple ToolsJune 3, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>June 1, 2023 | finance.yahoo.comWhy Is Bandwidth (BAND) Up 1.4% Since Last Earnings Report?May 31, 2023 | tmcnet.comTerraMaster Released 8-bay Short Depth Rackmount 10GbE NAS U8-450 Space-efficient Design for 4K Video EditingMay 30, 2023 | msn.comNvidia unveils new AI Supercomputer DGX GH200; Features 256 Grace Hopper SuperchipsMay 29, 2023 | msn.comARM unveils Immortalis-G720 to revolutionize mobile graphicsMay 28, 2023 | benzinga.comHostColor Rolls Out Dedicated Edge Servers With 20 Gbps And 30 Gbps Internet BandwidthJune 3, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 27, 2023 | news.yahoo.comFast X: Nathalie Emmanuel Cracks the Code to Ramsey’s Bigger Bandwidth as the Fast Saga’s Family HackerMay 26, 2023 | msn.comBandwidth: Getting NervousMay 26, 2023 | finance.yahoo.com5G Core Global Market Report 2023: High Speed, Large Coverage, Higher Bandwidth, and Higher Reductions in Network Energy Usage Drive DemandMay 25, 2023 | wsj.comBandwidth Inc. Cl AMay 25, 2023 | finance.yahoo.comBandwidth Again Named a Leader in IDC MarketScape for Worldwide CPaaS ProvidersMay 24, 2023 | markets.businessinsider.comHostColor Rolls Out Edge Server Hosting with 20 Gbps and 30 Gbps BandwidthMay 23, 2023 | tmcnet.comChiplet Pioneer Eliyan Achieves First Silicon in Record Time with Implementation in TSMC 5nm Process, Confirms Most EfficientMay 23, 2023 | msn.comIntel announces Falcon Shores, its AI chip for 2025May 20, 2023 | news.yahoo.comNASA Will Test Laser Communications on Artemis II, Increasing Space BandwidthMay 19, 2023 | finance.yahoo.comGlobal 5G Radio Access Network Market to 2030: Increasing Demand for Low Latency Bandwidth Connection Drives GrowthMay 18, 2023 | msn.comAt the Races: Bandwidth on the runMay 18, 2023 | technews.tmcnet.comPolish Operator Hawe Telekom Achieves Single-module 1.6 Tb/s with Infinera's ICE6May 18, 2023 | americanbankingnews.comBandwidth Inc. (NASDAQ:BAND) Receives $23.78 Average Target Price from AnalystsMay 17, 2023 | bizjournals.comAtlanta fiber-optic company FiberLight partners with Flexential in Charlotte expansionMay 17, 2023 | it.tmcnet.comCredo to Present at Stifel 2023 Cross Sector Insight ConferenceMay 17, 2023 | it.tmcnet.comLinux Foundation & Meta Launch new "LF Connectivity" Project Umbrella to Improve Enhanced Access to NetworksMay 17, 2023 | msn.comVerizon to increase 5G bandwidth in multiple rural northwest Ohio communitiesMay 17, 2023 | marketwatch.comHigh Bandwidth Fiber Optic Cables Market 2023 Size Estimation, Trend Analysis, and Competitive Landscape Forecast to 2029See More Headlines BAND Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart BAND Company Calendar Last Earnings2/23/2023Today6/02/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:BAND CUSIPN/A CIK1514416 Webwww.bandwidth.com Phone800-808-5150FaxN/AEmployees1,100Year FoundedN/APrice Target and Rating Average Stock Price Forecast$23.78 High Stock Price Forecast$34.00 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+96.5%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($0.72) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$19.57 million Net Margins5.17% Pretax Margin4.21% Return on Equity-1.69% Return on Assets-0.43% Debt Debt-to-Equity Ratio1.44 Current Ratio2.21 Quick Ratio2.21 Sales & Book Value Annual Sales$573.15 million Price / Sales0.54 Cash Flow$1.78 per share Price / Cash Flow6.80 Book Value$11.32 per share Price / Book1.07Miscellaneous Outstanding Shares25,560,000Free Float24,080,000Market Cap$309.28 million OptionableOptionable Beta1.28 Key ExecutivesMr. David Andrew Morken (Age 52)Co-Founder, CEO, & Chairman Comp: $897.55kMr. Jeffrey A. Hoffman (Age 52)Chief Financial Officer Comp: $703.46kMs. Noreen AllenChief Marketing OfficerMs. Rebecca G. BottorffChief People OfficerMs. Marina Carreker (Age 40)Pres Ms. Michelle FlynnSr. VP of OperationsMr. Scott MullenChief Technology OfficerMr. Kade RossChief Information OfficerMs. Sarah WalasVP of Investor RelationsMr. Richard Brandon AsbillGen. CounselMore ExecutivesKey CompetitorsBigBear.aiNYSE:BBAILivePersonNASDAQ:LPSN2UNASDAQ:TWOURed VioletNASDAQ:RDVTCognyte SoftwareNASDAQ:CGNTView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Sold 14,867,763 shares on 5/22/2023Ownership: 0.696%New York State Common Retirement FundSold 6,387 shares on 5/18/2023Ownership: 0.039%Advisory Services Network LLCBought 3,198 shares on 5/17/2023Ownership: 0.015%Geode Capital Management LLCBought 9,693 shares on 5/16/2023Ownership: 1.720%Susquehanna International Group LLPBought 21,900 shares on 5/16/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions BAND Stock - Frequently Asked Questions Should I buy or sell Bandwidth stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BAND shares. View BAND analyst ratings or view top-rated stocks. What is Bandwidth's stock price forecast for 2023? 7 equities research analysts have issued twelve-month target prices for Bandwidth's stock. Their BAND share price forecasts range from $14.00 to $34.00. On average, they expect the company's stock price to reach $23.78 in the next twelve months. This suggests a possible upside of 96.5% from the stock's current price. View analysts price targets for BAND or view top-rated stocks among Wall Street analysts. How have BAND shares performed in 2023? Bandwidth's stock was trading at $22.95 at the beginning of 2023. Since then, BAND stock has decreased by 47.3% and is now trading at $12.10. View the best growth stocks for 2023 here. Are investors shorting Bandwidth? Bandwidth saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,770,000 shares, an increase of 7.3% from the April 30th total of 1,650,000 shares. Based on an average trading volume of 607,600 shares, the days-to-cover ratio is presently 2.9 days. Currently, 7.8% of the company's shares are sold short. View Bandwidth's Short Interest. When is Bandwidth's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our BAND earnings forecast. How were Bandwidth's earnings last quarter? Bandwidth Inc. (NASDAQ:BAND) announced its quarterly earnings results on Thursday, February, 23rd. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business earned $157 million during the quarter, compared to analyst estimates of $146.96 million. Bandwidth had a negative trailing twelve-month return on equity of 1.69% and a net margin of 5.17%. Bandwidth's revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. What ETFs hold Bandwidth's stock? ETFs with the largest weight of Bandwidth (NASDAQ:BAND) stock in their portfolio include Global X Education ETF (EDUT), SPDR S&P Telecom ETF (XTL), Invesco Nasdaq Future Gen 200 ETF (QQQS), iShares Virtual Work and Life Multisector ETF (IWFH), Invesco DWA SmallCap Momentum ETF (DWAS), Vanguard Communication Services ETF (VOX) and Fidelity MSCI Communication Services Index ETF (FCOM).Motley Fool Next Index ETF (TMFX). What guidance has Bandwidth issued on next quarter's earnings? Bandwidth updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $140.00 million-$142.00 million, compared to the consensus revenue estimate of $139.38 million. What is David Morken's approval rating as Bandwidth's CEO? 218 employees have rated Bandwidth Chief Executive Officer David Morken on Glassdoor.com. David Morken has an approval rating of 86% among the company's employees. 76.0% of employees surveyed would recommend working at Bandwidth to a friend. 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), Tesla (TSLA), Shopify (SHOP), PayPal (PYPL), Trade Desk (TTD), Zoom Video Communications (ZM), Block (SQ), CrowdStrike (CRWD), DocuSign (DOCU) and Netflix (NFLX). 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 a variety of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (2.84%), State Street Corp (2.55%), Dimensional Fund Advisors LP (2.50%), Renaissance Technologies LLC (2.21%), Geode Capital Management LLC (1.72%) and Allspring Global Investments Holdings LLC (1.71%). Insiders that own company stock include Anthony Bartolo, Brian D Bailey, Daryl Raiford, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Jeffrey A Hoffman, John C Murdock, Kade Ross, Lukas M Roush, Lukas M Roush, Marina C Carreker, Rebecca Bottorff, Richard Brandon Asbill and W Christopher Matton. View institutional ownership trends. How do I buy shares of Bandwidth? Shares of BAND stock 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. Compare Top Brokerages Here. What is Bandwidth's stock price today? One share of BAND stock can currently be purchased for approximately $12.10. How much money does Bandwidth make? Bandwidth (NASDAQ:BAND) has a market capitalization of $309.28 million and generates $573.15 million in revenue each year. The company earns $19.57 million in net income (profit) each year or ($0.72) on an earnings per share basis. How many employees does Bandwidth have? The company employs 1,100 workers across the globe. How can I contact Bandwidth? Bandwidth's mailing address is 900 MAIN CAMPUS DRIVE, RALEIGH NC, 27606. The official website for the company is www.bandwidth.com. The company can be reached via phone at 800-808-5150 or via email at ir@bandwidth.com. 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