Bandwidth (BAND) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BAND shares.
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7 brokers have issued 12 month target prices for Bandwidth's shares. Their BAND share price forecasts range from $14.00 to $34.00. On average, they predict the company's stock price to reach $23.78 in the next year. This suggests a possible upside of 98.0% from the stock's current price.
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Bandwidth's stock was trading at $22.95 at the beginning of 2023. Since then, BAND shares have decreased by 47.7% and is now trading at $12.01.
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Bandwidth saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,770,000 shares, an increase of 7.3% from the April 30th total of 1,650,000 shares. Based on an average daily trading volume, of 607,600 shares, the short-interest ratio is currently 2.9 days. Currently, 7.8% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our BAND earnings forecast.

Bandwidth Inc. (NASDAQ:BAND) posted its quarterly earnings data on Thursday, February, 23rd. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $157 million for the quarter, compared to the consensus estimate of $146.96 million. Bandwidth had a net margin of 5.17% and a negative trailing twelve-month return on equity of 1.69%. The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS.

ETFs with the largest weight of Bandwidth (NASDAQ:BAND) stock in their portfolio include Global X Education ETF (EDUT), SPDR S&P Telecom ETF (XTL), Invesco Nasdaq Future Gen 200 ETF (QQQS), iShares Virtual Work and Life Multisector ETF (IWFH), Invesco DWA SmallCap Momentum ETF (DWAS), Vanguard Communication Services ETF (VOX) and Fidelity MSCI Communication Services Index ETF (FCOM).Motley Fool Next Index ETF (TMFX).

Bandwidth issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $140.00 million-$142.00 million, compared to the consensus revenue estimate of $139.38 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 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 institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (2.84%), State Street Corp (2.55%), Dimensional Fund Advisors LP (2.50%), Renaissance Technologies LLC (2.21%), Geode Capital Management LLC (1.72%) and Allspring Global Investments Holdings LLC (1.71%). Insiders that own company stock include Anthony Bartolo, Brian D Bailey, Daryl Raiford, David A Morken, Douglas A Suriano, Gabriela Gonzalez, Jeffrey A Hoffman, John C Murdock, Kade Ross, Lukas M Roush, Lukas M Roush, Marina C Carreker, Rebecca Bottorff, Richard Brandon Asbill and W Christopher Matton.
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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 $12.01.

Bandwidth (NASDAQ:BAND) has a market capitalization of $306.98 million and generates $573.15 million in revenue each year. The company earns $19.57 million in net income (profit) each year or ($0.72) 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.