Bandwidth Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Bandwidth stock.
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Bandwidth saw a increase in short interest in August. As of August 13th, there was short interest totaling 3,680,000 shares, an increase of 13.9% from the July 29th total of 3,230,000 shares. Based on an average daily trading volume, of 270,900 shares, the days-to-cover ratio is presently 13.6 days. Currently, 16.2% of the shares of the company are short sold.
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Bandwidth is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Bandwidth.

Bandwidth Inc. (NASDAQ:BAND) announced its quarterly earnings data on Wednesday, August, 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.36. The company had revenue of $120.66 million for the quarter, compared to analysts' expectations of $116.51 million. Bandwidth had a negative net margin of 7.99% and a positive trailing twelve-month return on equity of 3.68%.
View Bandwidth's earnings history.

Bandwidth's stock was trading at $58.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BAND shares have increased by 72.4% and is now trading at $101.03.
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Bandwidth updated its FY 2021 earnings guidance on Thursday, September, 2nd. The company provided earnings per share guidance of $0.710-$0.750 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.490. The company issued revenue guidance of $484.80 million-$486.80 million, compared to the consensus revenue estimate of $474.86 million.

10 brokerages have issued twelve-month price targets for Bandwidth's stock. Their forecasts range from $125.00 to $212.00. On average, they expect Bandwidth's share price to reach $173.80 in the next twelve months. This suggests a possible upside of 72.0% from the stock's current price.
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112 employees have rated Bandwidth CEO David Morken on Glassdoor.com. David Morken has an approval rating of 86% among Bandwidth's employees.

Some companies that are related to Bandwidth include Global-e Online (GLBE), Manhattan Associates (MANH), Guidewire Software (GWRE), Anaplan (PLAN), Smartsheet (SMAR), Konami (KNMCY), Nutanix (NTNX), Trend Micro (TMICY), Ubisoft Entertainment (UBSFY), Workiva (WK), nCino (NCNO), Varonis Systems (VRNS), BlackLine (BL), Appian (APPN) and The Descartes Systems Group (DSGX).
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 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.17%), Victory Capital Management Inc. (4.30%), Bank of New York Mellon Corp (3.99%), Clearbridge Investments LLC (3.43%), Macquarie Group Ltd. (3.33%) and TimesSquare Capital Management LLC (2.14%). Company insiders that own Bandwidth stock include Brian D Bailey, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Jeffrey A Hoffman, John C Murdock, Kade Ross, Lukas M Roush, 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 Nuveen Asset Management LLC, Bank of New York Mellon Corp, Millennium Management LLC, Renaissance Technologies LLC, Vanguard Group Inc., Susquehanna International Group LLP, TimesSquare Capital Management LLC, and Principal Financial Group Inc.. Company insiders that have sold Bandwidth company stock in the last year include David A Morken, Douglas A Suriano, Gabriela Gonzalez, Jeffrey A Hoffman, John C Murdock, Kade Ross, Lukas M Roush, Rebecca Bottorff, and W Christopher Matton.
View insider buying and selling activity for Bandwidth or view top insider-selling stocks.

BAND stock was bought by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, Morgan Stanley, Morgan Stanley, Handelsbanken Fonder AB, Eagle Asset Management Inc., Macquarie Group Ltd., BNP Paribas Arbitrage SA, and Man Group plc.
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.
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One share of BAND stock can currently be purchased for approximately $101.03.

Bandwidth has a market capitalization of $2.54 billion and generates $343.11 million in revenue each year. The company earns $-43,980,000.00 in net income (profit) each year or $0.22 on an earnings per share basis.

Bandwidth employs 960 workers across the globe.

The official website for Bandwidth is www.bandwidth.com.

Bandwidth is headquartered at 900 MAIN CAMPUS DRIVE, RALEIGH NC, 27606.

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].