Bandwidth - BAND Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BAND shares.
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11 analysts have issued twelve-month target prices for Bandwidth's shares. Their BAND share price forecasts range from $19.00 to $86.00. On average, they anticipate the company's stock price to reach $41.55 in the next year. This suggests a possible upside of 249.1% from the stock's current price.
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Bandwidth's stock was trading at $71.76 at the start of the year. Since then, BAND shares have decreased by 83.4% and is now trading at $11.90.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our BAND earnings forecast.

Bandwidth Inc. (NASDAQ:BAND) released its quarterly earnings data on Wednesday, August, 3rd. The company reported ($0.18) earnings per share for the quarter, topping analysts' consensus estimates of ($0.24) by $0.06. The business had revenue of $136.49 million for the quarter, compared to analyst estimates of $133.06 million. Bandwidth had a negative net margin of 5.37% and a negative trailing twelve-month return on equity of 1.07%. During the same period last year, the business earned $0.21 EPS.

Bandwidth issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $0.10-$0.14 for the period, compared to the consensus estimate of $0.12. The company issued revenue guidance of $551.00 million-$557.00 million, compared to the consensus revenue estimate of $551.46 million.

218 employees have rated Bandwidth Chief Executive Officer David Morken on Glassdoor.com. David Morken has an approval rating of 86% among the company's employees. 76.0% of employees surveyed would recommend working at Bandwidth to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bandwidth investors own include NVIDIA (NVDA), Tesla (TSLA), Shopify (SHOP), PayPal (PYPL), Trade Desk (TTD), Zoom Video Communications (ZM), Block (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 $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."

Shares of BAND stock 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 $11.90.

Bandwidth (NASDAQ:BAND) has a market capitalization of $301.07 million and generates $490.91 million in revenue each year. The company earns $-27,360,000.00 in net income (profit) each year or ($1.13) on an earnings per share basis.

The company employs 1,100 workers across the globe.

Bandwidth's mailing address is 900 MAIN CAMPUS DRIVE, RALEIGH NC, 27606. The official website for the company is www.bandwidth.com. The company can be reached via phone at 800-808-5150 or via email at ir@bandwidth.com.