NASDAQ:BAND - Bandwidth Stock Price, Forecast & News

Bandwidth trades on the NASDAQ under the ticker symbol "BAND."

Bandwidth Inc (NASDAQ:BAND) released its quarterly earnings data on Wednesday, November, 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.15) by $0.09. The company earned $60.50 million during the quarter, compared to analysts' expectations of $58.78 million. Bandwidth had a negative return on equity of 4.52% and a net margin of 1.42%. The business's revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. View Bandwidth's Earnings History.

Bandwidth is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Bandwidth.

Bandwidth issued an update on its fourth quarter earnings guidance on Wednesday, November, 6th. The company provided earnings per share (EPS) guidance of ($0.17)-(0.15) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.14). The company issued revenue guidance of $58.4-$58.9 million, compared to the consensus revenue estimate of $66.70 million.

5 brokerages have issued 12-month price targets for Bandwidth's shares. Their forecasts range from $65.00 to $90.00. On average, they expect Bandwidth's stock price to reach $74.67 in the next year. This suggests a possible upside of 6.0% from the stock's current price. View Analyst Price Targets for Bandwidth.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Bandwidth.

News articles about BAND stock have been trending negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Bandwidth earned a media sentiment score of -2.2 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Bandwidth.

Some companies that are related to Bandwidth include Avalara (AVLR), National Instruments (NATI), SolarWinds (SWI), Nuance Communications (NUAN), Elastic (ESTC), Konami (KNMCY), RealPage (RP), Manhattan Associates (MANH), Cloudflare (NET), Smartsheet (SMAR), Cyberark Software (CYBR), Micro Focus International (MFGP), LogMeIn (LOGM), ACI Worldwide (ACIW) and AppFolio (APPF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Bandwidth investors own include GW Pharmaceuticals PLC- (GWPH), Micron Technology (MU), NVIDIA (NVDA), Twilio (TWLO), Paycom Software (PAYC), Splunk (SPLK), Ulta Beauty (ULTA), Alibaba Group (BABA), Coupa Software (COUP) and salesforce.com (CRM).

(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 served as the underwriters for the IPO and Canaccord Genuity and JMP Securities were co-managers.

Bandwidth's stock is owned by many different of retail and institutional investors. Top institutional investors include KAMES CAPITAL plc (0.61%), Wedbush Securities Inc. (0.14%) and Calamos Advisors LLC (0.13%). Company insiders that own Bandwidth stock include Brian D Bailey, Carmichael Bandwidth Llc, David A Morken, Gabriela Gonzalez, Henry R Kaestner, James A Bowen, Jeffrey A Hoffman, John C Murdock, Lukas M Roush and W Christopher Matton. View Institutional Ownership Trends for Bandwidth.

BAND stock was acquired by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, KAMES CAPITAL plc and Wedbush Securities Inc.. View Insider Buying and Selling 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 $70.45.

Bandwidth has a market capitalization of $1.65 billion and generates $204.11 million in revenue each year. The company earns $17.92 million in net income (profit) each year or $0.31 on an earnings per share basis. Bandwidth employs 611 workers across the globe.View Additional Information About Bandwidth.

The official website for Bandwidth is http://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]