Bandwidth - BAND Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BAND shares.
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11 analysts have issued 12-month price targets for Bandwidth's stock. Their BAND share price forecasts range from $15.00 to $75.00. On average, they expect the company's share price to reach $33.55 in the next twelve months. This suggests a possible upside of 38.9% from the stock's current price.
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Bandwidth's stock was trading at $71.76 at the beginning of 2022. Since then, BAND shares have decreased by 66.3% and is now trading at $24.15.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our BAND earnings forecast.

Bandwidth Inc. (NASDAQ:BAND) posted its earnings results on Tuesday, November, 1st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.26. The company earned $148.33 million during the quarter, compared to the consensus estimate of $140.66 million. Bandwidth had a negative trailing twelve-month return on equity of 0.76% and a negative net margin of 4.06%.

Bandwidth updated its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of $0.03-$0.05 for the period, compared to the consensus earnings per share estimate of $0.03. The company issued revenue guidance of $146.00 million-$148.00 million, compared to the consensus revenue estimate of $145.19 million.

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.

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).

(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."

Bandwidth's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.29%), Jacobs Levy Equity Management Inc. (2.60%), Assenagon Asset Management S.A. (1.86%), Two Sigma Advisers LP (1.46%), Renaissance Technologies LLC (1.44%) and Two Sigma Investments LP (1.35%). 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.
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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.
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One share of BAND stock can currently be purchased for approximately $24.15.

Bandwidth (NASDAQ:BAND) has a market capitalization of $611.48 million and generates $490.91 million in revenue each year. The company earns $-27,360,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis.

The company employs 1,100 workers across the globe.

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.