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 90.7% and is now trading at $111.77. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 1 hold rating and 7 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) announced its quarterly earnings results on Thursday, April, 30th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.11) by $0.15. The business had revenue of $68.50 million for the quarter, compared to the consensus estimate of $63.29 million. Bandwidth had a negative net margin of 0.22% and a negative return on equity of 2.67%. Bandwidth's revenue was up 28.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) earnings per share. View Bandwidth's earnings history.

Bandwidth issued an update on its FY20 earnings guidance on Thursday, April, 30th. The company provided EPS guidance of $(0.03)-0.03 for the period, compared to the Thomson Reuters consensus 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.

8 brokerages have issued 1-year target prices for Bandwidth's shares. Their forecasts range from $70.00 to $120.00. On average, they anticipate Bandwidth's share price to reach $99.14 in the next year. This suggests that the stock has a possible downside of 11.3%. View analysts' price targets for Bandwidth.

News articles about BAND stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing 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 nearest to five being the most favorable. Bandwidth earned a daily sentiment score of -2.7 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutBandwidth.

Some companies that are related to Bandwidth include Dynatrace (DT), Alteryx (AYX), UBISOFT ENTMT S/ADR (UBSFY), Ceridian HCM (CDAY), Temenos (TMNSF), Dropbox (DBX), Cloudflare (NET), HubSpot (HUBS), Avalara (AVLR), Guidewire Software (GWRE), PTC (PTC), Trend Micro (TMICY), Anaplan (PLAN), Elastic (ESTC) and Smartsheet (SMAR). 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 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 retail and institutional investors. Top institutional investors include Wellington Management Group LLP (7.87%), BlackRock Inc. (7.26%), Capital Research Global Investors (6.13%), Bank of New York Mellon Corp (5.42%), Victory Capital Management Inc. (4.47%) and Victory Capital Management Inc. (4.41%). Company insiders that own Bandwidth stock include Brian D Bailey, Carmichael Bandwidth Llc, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, James A Bowen, Jeffrey A Hoffman, John C Murdock, 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 Shelter Haven Capital Management L.P., Keel Point LLC, Invesco Ltd., Bank of New York Mellon Corp, Jane Street Group LLC, UBS Group AG, Monarch Partners Asset Management LLC, and Calamos Advisors LLC. 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, Lukas M Roush, 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 Victory Capital Management Inc., Victory Capital Management Inc., Clearbridge Investments LLC, Fred Alger Management LLC, Jennison Associates LLC, Capital Research Global Investors, Thrivent Financial for Lutherans, and BlackRock 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 $111.77.

Bandwidth has a market capitalization of $2.67 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]