NASDAQ:BAND - Bandwidth Stock Price, Forecast & News

Bandwidth trades on the NASDAQ under the ticker symbol "BAND."

Bandwidth Inc (NASDAQ:BAND) released its earnings results on Wednesday, November, 6th. The company reported ($0.06) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.15) by $0.09. The firm had revenue of $60.50 million for the quarter, compared to analyst estimates of $58.78 million. Bandwidth had a net margin of 1.42% and a negative return on equity of 4.52%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. View Bandwidth's Earnings History.

Bandwidth is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Bandwidth.

Bandwidth updated its fourth quarter earnings guidance on Wednesday, November, 6th. The company provided earnings per share guidance of ($0.17)-(0.15) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.14). The company issued revenue guidance of $58.4-$58.9 million, compared to the consensus revenue estimate of $66.70 million.

5 brokerages have issued 1 year target prices for Bandwidth's shares. Their forecasts range from $65.00 to $90.00. On average, they anticipate Bandwidth's share price to reach $74.67 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price. View Analyst Price Targets for Bandwidth.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Bandwidth.

Media headlines about BAND stock have been trending positive this week, according to InfoTrie. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 2.5 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Bandwidth.

Some companies that are related to Bandwidth include Nutanix (NTNX), Avalara (AVLR), National Instruments (NATI), SolarWinds (SWI), Elastic (ESTC), Cloudflare (NET), Nuance Communications (NUAN), Konami (KNMCY), RealPage (RP), Manhattan Associates (MANH), Smartsheet (SMAR), Micro Focus International (MFGP), Cyberark Software (CYBR), LogMeIn (LOGM) and ACI Worldwide (ACIW).

Based on aggregate information from My MarketBeat watchlists, some companies that other Bandwidth investors own include GW Pharmaceuticals PLC- (GWPH), Micron Technology (MU), NVIDIA (NVDA), Twilio (TWLO), Paycom Software (PAYC), Splunk (SPLK), Ulta Beauty (ULTA), Alibaba Group (BABA), salesforce.com (CRM) 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 $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's stock is owned by a number of of institutional and retail investors. Top institutional investors include Wedbush Securities Inc. (0.14%) and Calamos Advisors LLC (0.13%). Company insiders that own Bandwidth stock include Brian D Bailey, Carmichael Bandwidth Llc, David A Morken, Gabriela Gonzalez, Henry R Kaestner, James A Bowen, Jeffrey A Hoffman, John C Murdock, Lukas M Roush and W Christopher Matton. View Institutional Ownership Trends for Bandwidth.

BAND stock was bought by a variety of institutional investors in the last quarter, including Calamos Advisors LLC and Wedbush Securities Inc.. View Insider Buying and Selling 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 $71.52.

Bandwidth has a market capitalization of $1.68 billion and generates $204.11 million in revenue each year. The company earns $17.92 million in net income (profit) each year or $0.31 on an earnings per share basis. Bandwidth employs 611 workers across the globe.View Additional Information About Bandwidth.

The official website for Bandwidth is http://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]