NASDAQ:BANDBandwidth Stock Price, Forecast & 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 135.9% and is now trading at $138.21. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Bandwidth.

Bandwidth is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Bandwidth.

Bandwidth Inc (NASDAQ:BAND) posted its quarterly earnings results on Thursday, April, 30th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.15. The business earned $68.50 million during the quarter, compared to analysts' expectations of $63.29 million. Bandwidth had a negative return on equity of 2.67% and a negative net margin of 0.22%. Bandwidth's revenue was up 28.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.12) EPS. View Bandwidth's earnings history.

Bandwidth updated its FY20 earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of $(0.03)-0.03 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.32). The company issued revenue guidance of $281.6-283.1 million, compared to the consensus revenue estimate of $270.82 million.

7 Wall Street analysts have issued 1 year target prices for Bandwidth's stock. Their forecasts range from $95.00 to $130.00. On average, they anticipate Bandwidth's stock price to reach $111.50 in the next year. This suggests that the stock has a possible downside of 19.3%. View analysts' price targets for Bandwidth.

Press coverage about BAND stock has trended negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Bandwidth earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Bandwidth.

Some companies that are related to Bandwidth include Symantec (SYMC), Ceridian HCM (CDAY), Dynatrace (DT), NortonLifeLock (NLOK), Nice (NICE), Cloudflare (NET), Temenos (TMNSF), Alteryx (AYX), Black Knight (BKI), UBISOFT ENTMT S/ADR (UBSFY), Avalara (AVLR), HubSpot (HUBS), Guidewire Software (GWRE), Dropbox (DBX) and PTC (PTC). View all competitors.

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 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 a variety of institutional and retail investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.01%). 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 purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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 $138.21.

Bandwidth has a market capitalization of $3.30 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]