Bandwidth Stock Forecast, Price & News

Bandwidth's stock was trading at $58.60 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BAND stock has increased by 156.1% and is now trading at $150.08.
View which stocks have been most impacted by COVID-19.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 1 sell rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Bandwidth.

Wall Street analysts have given Bandwidth a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Bandwidth wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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) posted its quarterly earnings results on Thursday, October, 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.12) by $0.36. The business had revenue of $84.80 million for the quarter, compared to the consensus estimate of $75.49 million. Bandwidth had a negative net margin of 8.90% and a positive return on equity of 0.86%. Bandwidth's revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) EPS.
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 brokerages have issued 1-year price targets 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 year. This suggests a possible upside of 17.7% from the stock's current price.
View analysts' price targets for Bandwidth.

Some companies that are related to Bandwidth include Ceridian HCM (CDAY), Avalara (AVLR), Black Knight (BKI), Appian (APPN), PTC (PTC), Nuance Communications (NUAN), Ubisoft Entertainment (UBSFY), Symantec (SYMC), Paylocity (PCTY), Dynatrace (DT), NortonLifeLock (NLOK), Elastic (ESTC), Guidewire Software (GWRE), Bill.com (BILL) and Anaplan (PLAN).
View all 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 (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 served 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 shareholders include BlackRock Inc. (8.51%), Victory Capital Management Inc. (4.24%), JPMorgan Chase & Co. (2.72%), Jennison Associates LLC (2.01%), State Street Corp (1.57%) and Wasatch Advisors Inc. (1.31%). 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 sold by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Thrivent Financial for Lutherans, Jennison Associates LLC, Wasatch Advisors Inc., KAMES CAPITAL plc, Cubist Systematic Strategies LLC, Fuller & Thaler Asset Management Inc., and Morgan Stanley. Company insiders that have sold Bandwidth company stock in the last year include Brian D Bailey, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Jeffrey A Hoffman, John C Murdock, Kade Ross, Rebecca Bottorff, and W Christopher Matton.
View insider buying and selling activity for Bandwidth.

BAND stock was bought by a variety of institutional investors in the last quarter, including Natixis, JPMorgan Chase & Co., BlackRock Inc., Voloridge Investment Management LLC, Victory Capital Management Inc., Kornitzer Capital Management Inc. KS, Point72 Asset Management L.P., and Karani Asset Management LLC.
View insider buying and selling activity 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 $150.08.

Bandwidth has a market capitalization of $3.73 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]