Bandwidth Stock Forecast, Price & News

Bandwidth's stock was trading at $58.60 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BAND stock has increased by 188.8% and is now trading at $169.23.
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8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last twelve months. There are currently 1 sell rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Bandwidth stock.
View analyst ratings for Bandwidth or view MarketBeat's top 5 stock picks.

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1,448 employees have rated Bandwidth CEO Doug Parker on Glassdoor.com. Doug Parker has an approval rating of 60% among Bandwidth's employees. This puts Doug Parker in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Bandwidth is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Bandwidth.

Bandwidth Inc. (NASDAQ:BAND) announced its earnings results on Thursday, October, 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.36. The business had revenue of $84.80 million for the quarter, compared to analyst estimates of $75.49 million. Bandwidth had a negative net margin of 8.90% and a positive return on equity of 0.86%. The firm's revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.06) earnings per share.
View Bandwidth's earnings history.

Bandwidth issued an update on its fourth quarter earnings guidance on Thursday, October, 29th. The company provided EPS guidance of $0.03-$0.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.06). The company issued revenue guidance of $96.5-$97.0 million, compared to the consensus revenue estimate of $75.34 million.

8 brokers have issued 1 year price objectives for Bandwidth's shares. Their forecasts range from $100.00 to $225.00. On average, they anticipate Bandwidth's share price to reach $176.57 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price.
View analysts' price targets for Bandwidth or view Wall Street analyst' top-rated stocks.

Some companies that are related to Bandwidth include NICE (NICE), Citrix Systems (CTXS), Ceridian HCM (CDAY), PTC (PTC), Elastic (ESTC), Appian (APPN), Nuance Communications (NUAN), Avalara (AVLR), Black Knight (BKI), Ubisoft Entertainment (UBSFY), Symantec (SYMC), Dynatrace (DT), NortonLifeLock (NLOK), Bentley Systems (BSY) and Kingsoft Cloud (KC).
View all of BAND's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bandwidth investors own include NVIDIA (NVDA), Tesla (TSLA), Shopify (SHOP), PayPal (PYPL), The Trade Desk (TTD), Zoom Video Communications (ZM), Square (SQ), CrowdStrike (CRWD), DocuSign (DOCU) and Netflix (NFLX).

(BAND) raised $84 million in an initial public offering 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 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 a number of institutional and retail investors. Top institutional shareholders include Exchange Traded Concepts LLC (0.02%), Kestra Advisory Services LLC (0.01%) and Baldwin Brothers Inc. MA (0.00%). Company insiders that own Bandwidth stock include Brian D Bailey, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, Jeffrey A Hoffman, John C Murdock, Kade Ross, Lukas M Roush, Rebecca Bottorff 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 Exchange Traded Concepts LLC, Kestra Advisory Services LLC, and Baldwin Brothers Inc. MA.
View insider buying and selling activity for Bandwidth or or view top insider-buying stocks.

Shares of BAND 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.

One share of BAND stock can currently be purchased for approximately $169.23.

Bandwidth has a market capitalization of $4.21 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 772 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]