NASDAQ:BANDBandwidth Stock Price, Forecast & News

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 158.7% and is now trading at $151.6050.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Bandwidth is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Bandwidth Inc (NASDAQ:BAND) issued its quarterly earnings results on Thursday, July, 30th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.00 by $0.13. The firm earned $76.79 million during the quarter, compared to analyst estimates of $70.44 million. Bandwidth had a negative return on equity of 1.45% and a negative net margin of 9.21%.
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Bandwidth updated its FY20 earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of $0.05 to $0.11 for the period, compared to the Thomson Reuters consensus estimate of ($0.32). The company issued revenue guidance of $296.8 million to $298.3 million, compared to the consensus revenue estimate of $282.10 million.

7 Wall Street analysts have issued 12 month price targets for Bandwidth's shares. Their forecasts range from $99.00 to $175.00. On average, they expect Bandwidth's stock price to reach $139.83 in the next twelve months. This suggests that the stock has a possible downside of 7.8%.
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Headlines about BAND stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bandwidth earned a daily sentiment score of -3.6 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the company's share price in the immediate future.
View the latest news about Bandwidth.

Some companies that are related to Bandwidth include Symantec (SYMC), Mongodb (MDB), Nice (NICE), Cloudflare (NET), NortonLifeLock (NLOK), Ceridian HCM (CDAY), Dynatrace (DT), Alteryx (AYX), Fastly (FSLY), Black Knight (BKI), Temenos (TMNSF), Avalara (AVLR), UBISOFT ENTMT S/ADR (UBSFY), HubSpot (HUBS) and PTC (PTC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Bandwidth investors own include NVIDIA (NVDA), GW Pharmaceuticals PLC- (GWPH), Twilio (TWLO), Micron Technology (MU), Paycom Software (PAYC), Alibaba Group (BABA), Okta (OKTA), Splunk (SPLK), Tesla (TSLA) and Coupa Software (COUP).

(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 variety of institutional and retail investors. Top institutional shareholders include Kornitzer Capital Management Inc. KS (0.89%), Parcion Private Wealth LLC (0.58%), Moseley Investment Management Inc. (0.48%), Bender Robert & Associates (0.25%), First Trust Advisors LP (0.21%) and Moody Aldrich Partners LLC (0.16%). Company insiders that own Bandwidth stock include Brian D Bailey, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, James A Bowen, 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 Monarch Partners Asset Management LLC, Chartwell Investment Partners LLC, Moody Aldrich Partners LLC, Tillar Wenstrup Advisors LLC, Brinker Capital Inc., Bender Robert & Associates, Wedbush Securities Inc., and Cutler Group LP. Company insiders that have sold Bandwidth company stock in the last year include Brian D Bailey, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, 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 purchased by a variety of institutional investors in the last quarter, including Moseley Investment Management Inc., Parcion Private Wealth LLC, First Trust Advisors LP, Kornitzer Capital Management Inc. KS, Valmark Advisers Inc., Handelsinvest Investeringsforvaltning, Comerica Bank, and UBS Group AG.
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 $151.61.

Bandwidth has a market capitalization of $3.62 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 611 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]