Bandwidth (BAND) Stock Price, News & Analysis

7 Wall Street research 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 research analysts is that investors should "moderate buy" BAND shares.
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7 brokers have issued 12-month target prices for Bandwidth's stock. Their BAND share price targets range from $13.00 to $38.00. On average, they predict the company's share price to reach $19.71 in the next year. This suggests a possible upside of 13.7% from the stock's current price.
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Bandwidth's stock was trading at $14.47 on January 1st, 2024. Since then, BAND stock has increased by 19.8% and is now trading at $17.34.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Bandwidth Inc. (NASDAQ:BAND) announced its quarterly earnings data on Wednesday, February, 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by $0.01. The firm earned $165 million during the quarter, compared to analyst estimates of $154.17 million. Bandwidth had a negative net margin of 2.72% and a negative trailing twelve-month return on equity of 3.10%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share.

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).

Bandwidth updated its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $164.0 million-$166.0 million, compared to the consensus revenue estimate of $151.9 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).

Bandwidth (BAND) raised $84 million in an initial public offering 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's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.08%) and Los Angeles Capital Management LLC (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.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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