NASDAQ:BAND

Bandwidth (BAND) Stock Price, News & Analysis

$22.14
-0.40 (-1.77%)
(As of 09:46 AM ET)
Today's Range
$21.54
$22.93
50-Day Range
$17.01
$22.54
52-Week Range
$9.34
$25.02
Volume
58,961 shs
Average Volume
343,329 shs
Market Capitalization
$581.62 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.50

Bandwidth MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
9.1% Downside
$20.50 Price Target
Short Interest
Bearish
5.22% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.44
Upright™ Environmental Score
News Sentiment
0.25mentions of Bandwidth in the last 14 days
Based on 31 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.

2.97 out of 5 stars

Computer And Technology Sector

299th out of 589 stocks

Prepackaged Software Industry

100th out of 204 stocks

BAND stock logo

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

BAND Stock News Headlines

Beyond The Numbers: 4 Analysts Discuss Bandwidth Stock
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Q1 2024 Bandwidth Inc Earnings Call
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Bandwidth: Q1 Earnings Snapshot
Bandwidth (BAND) to Release Earnings on Tuesday
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:BAND
Fax
N/A
Employees
1,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.50
High Stock Price Target
$38.00
Low Stock Price Target
$13.00
Potential Upside/Downside
-9.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$-16,340,000.00
Pretax Margin
-3.21%

Debt

Sales & Book Value

Annual Sales
$601.12 million
Cash Flow
$1.96 per share
Book Value
$11.37 per share

Miscellaneous

Free Float
24,642,000
Market Cap
$592.13 million
Optionable
Optionable
Beta
1.44
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BAND Stock Analysis - Frequently Asked Questions

Should I buy or sell Bandwidth stock right now?

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.
View BAND analyst ratings
or view top-rated stocks.

What is Bandwidth's stock price target for 2024?

7 analysts have issued 12 month target prices for Bandwidth's shares. Their BAND share price targets range from $13.00 to $38.00. On average, they expect the company's stock price to reach $20.50 in the next twelve months. This suggests that the stock has a possible downside of 9.1%.
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 start of the year. Since then, BAND stock has increased by 55.8% and is now trading at $22.54.
View the best growth stocks for 2024 here
.

How were Bandwidth's earnings last quarter?

Bandwidth Inc. (NASDAQ:BAND) issued its quarterly earnings results on Wednesday, February, 28th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by $0.01. The business had revenue of $165 million for 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 firm's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company 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 updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share 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 acted 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 retail and institutional investors. Top institutional investors include Hussman Strategic Advisors Inc. (0.40%), Susquehanna Fundamental Investments LLC (0.24%), Janney Montgomery Scott LLC (0.18%), Baillie Gifford & Co. (0.08%), Mirae Asset Global Investments Co. Ltd. (0.08%) and Allspring Global Investments Holdings 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.
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.

This page (NASDAQ:BAND) was last updated on 5/8/2024 by MarketBeat.com Staff

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