Should I buy or sell Bandwidth stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BAND shares. View BAND analyst ratings or view top-rated stocks .

What is Bandwidth's stock price target for 2024?

10 brokers have issued 1 year target prices for Bandwidth's stock. Their BAND share price targets range from $13.00 to $40.00. On average, they predict the company's stock price to reach $25.38 in the next twelve months. This suggests a possible upside of 17.4% from the stock's current price. View analysts price targets for BAND or view top-rated stocks among Wall Street analysts .

How have BAND shares performed in 2024?

Bandwidth's stock was trading at $14.47 at the beginning of 2024. Since then, BAND stock has increased by 49.3% and is now trading at $21.61. View the best growth stocks for 2024 here .

When is Bandwidth's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our BAND earnings forecast .

How were Bandwidth's earnings last quarter?

Bandwidth Inc. (NASDAQ:BAND) posted its earnings results on Wednesday, February, 28th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.01. The company had revenue of $165 million for the quarter, compared to analyst estimates of $154.17 million. Bandwidth had a negative trailing twelve-month return on equity of 3.10% and a negative net margin of 2.72%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS.

What ETFs hold Bandwidth's stock?

ETFs with the largest weight of Bandwidth (NASDAQ:BAND) stock in their portfolio include Global X Education ETF (EDUT) and SPDR S&P Telecom ETF (XTL) . Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) .

What guidance has Bandwidth issued on next quarter's earnings?

Bandwidth issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $171.0 million-$175.0 million, compared to the consensus revenue estimate of $166.6 million.

What is David Morken's approval rating as Bandwidth's CEO?

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.

What other stocks do shareholders of Bandwidth own?

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) .

When did Bandwidth IPO?

Bandwidth (BAND) raised $84 million in an 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.

Who are Bandwidth's major shareholders?

Bandwidth's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.85%), Hussman Strategic Advisors Inc. (0.40%), Susquehanna Fundamental Investments LLC (0.24%), Janney Montgomery Scott LLC (0.18%), Baillie Gifford & Co. (0.08%) and Mirae Asset Global Investments Co. Ltd. (0.08%). Insiders that own company stock include Anthony Bartolo, Brian D Bailey , Daryl Raiford , David A Morken , Devin M Krupka, Douglas A Suriano , Gabriela Gonzalez , John C Murdock , Kade Ross , Lukas M Roush, Lukas M Roush , Marina C Carreker , Rebecca Bottorff and Richard Brandon Asbill . View institutional ownership trends .

How do I buy shares of Bandwidth?

Shares of BAND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:BAND

Bandwidth (BAND) Stock Price, News & Analysis

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$21.61

+0.09 (+0.42%)

(As of 05/10/2024 ET)

Compare

Today's Range: $21.20
▼
$21.71
50-Day Range: $17.01
▼
$22.54
52-Week Range: $9.34
▼
$25.02

Volume: 183,457 shs
Average Volume: 348,073 shs
Market Capitalization: $567.72 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $25.38

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Bandwidth MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.56 Rating Score
Upside/Downside: 17.4% Upside
$25.38 Price Target
Short Interest: Healthy
4.61% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.44
Upright™ Environmental Score
News Sentiment: 0.50
Based on 41 Articles This Week
Insider Trading: Selling Shares
$239,567 Sold Last Quarter
Proj. Earnings Growth: 121.05%
From $0.19 to $0.42 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.66 out of 5 stars

Computer And Technology Sector

75th out of 601 stocks

Prepackaged Software Industry

24th out of 202 stocks

3.3

Analyst's Opinion

Consensus Rating
Bandwidth has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Bandwidth has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Bandwidth's stock forecast and price target.

5.0

Short Interest

Percentage of Shares Shorted
4.61% of the outstanding shares of Bandwidth have been sold short.
Short Interest Ratio / Days to Cover
Bandwidth has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bandwidth has recently decreased by 11.68%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Bandwidth does not currently pay a dividend.
Dividend Growth
Bandwidth does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bandwidth has received a 31.38% net impact score from Upright. Bandwidth.com seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is false driven by its "Application programming interface" and "Voice over IP software" products. See details.
Environmental Sustainability
The Environmental Impact score for Bandwidth is -0.44.

2.5

News and Social Media Coverage

News Sentiment
Bandwidth has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 41 news articles for Bandwidth this week, compared to 11 articles on an average week.
Search Interest
Only 3 people have searched for BAND on MarketBeat in the last 30 days. This is a decrease of -82% compared to the previous 30 days.
MarketBeat Follows
15 people have added Bandwidth to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bandwidth insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $239,567.00 in company stock.
Percentage Held by Insiders
Only 6.20% of the stock of Bandwidth is held by insiders.
Percentage Held by Institutions
68.53% of the stock of Bandwidth is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Bandwidth's insider trading history.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Bandwidth are expected to grow by 121.05% in the coming year, from $0.19 to $0.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bandwidth is -20.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bandwidth is -20.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Bandwidth has a P/B Ratio of 1.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about Bandwidth's valuation and earnings.

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About Bandwidth Stock (NASDAQ:BAND)

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth's APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.

BAND Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BAND Stock News Headlines

May 10, 2024 | seekingalpha.com

Bandwidth: Strong FCF Generation And Promising Growth Prospects Ahead

May 10, 2024 | finance.yahoo.com

US$28.43 - That's What Analysts Think Bandwidth Inc. (NASDAQ:BAND) Is Worth After These Results

May 10, 2024 | Banyan Hill Publishing (Ad)

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