Bandwidth Stock Forecast, Price & News

Bandwidth's stock was trading at $58.60 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BAND stock has increased by 191.2% and is now trading at $170.65.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 1 sell rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Bandwidth stock.
View analyst ratings for Bandwidth or view MarketBeat's top 5 stock picks.

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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.

Bandwidth is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Bandwidth.

Bandwidth Inc. (NASDAQ:BAND) issued its quarterly earnings data on Thursday, October, 29th. The company reported $0.24 EPS for the quarter, beating the Zacks' consensus estimate of ($0.12) by $0.36. The firm earned $84.80 million during the quarter, compared to analyst estimates of $75.49 million. Bandwidth had a positive trailing twelve-month return on equity of 0.86% and a negative net margin of 8.90%. Bandwidth's quarterly revenue was up 39.0% compared to the same quarter last year. During the same period last year, the business earned ($0.06) EPS.
View Bandwidth's earnings history.

Bandwidth issued an update on its fourth quarter earnings guidance on Thursday, October, 29th. The company provided earnings per share guidance of $0.03-$0.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.06). The company issued revenue guidance of $96.5-$97.0 million, compared to the consensus revenue estimate of $75.34 million.

8 analysts have issued 1-year target prices for Bandwidth's stock. Their forecasts range from $100.00 to $225.00. On average, they anticipate Bandwidth's share price to reach $176.57 in the next year. This suggests a possible upside of 3.5% from the stock's current price.
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Some companies that are related to Bandwidth include Citrix Systems (CTXS), PTC (PTC), Ceridian HCM (CDAY), Elastic (ESTC), Nuance Communications (NUAN), Avalara (AVLR), Appian (APPN), Black Knight (BKI), Dynatrace (DT), Ubisoft Entertainment (UBSFY), NortonLifeLock (NLOK), Kingsoft Cloud (KC), Bentley Systems (BSY), Fastly (FSLY) and Paylocity (PCTY).
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 initial public offering (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 number of retail and institutional investors. Top institutional shareholders include KAMES CAPITAL plc (0.84%), Handelsinvest Investeringsforvaltning (0.09%), Exchange Traded Concepts LLC (0.02%), Kestra Advisory Services LLC (0.01%), Strs Ohio (0.01%) and Nisa Investment Advisors LLC (0.00%). Company insiders that own Bandwidth stock include Brian D Bailey, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Henry R Kaestner, 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 Strs Ohio. Company insiders that have sold Bandwidth company stock in the last year include Brian D Bailey, 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 acquired by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Handelsinvest Investeringsforvaltning, Exchange Traded Concepts LLC, Kestra Advisory Services LLC, Baldwin Brothers Inc. MA, and Nisa Investment Advisors LLC.
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.

One share of BAND stock can currently be purchased for approximately $170.65.

Bandwidth has a market capitalization of $4.25 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 772 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]