Bandwidth (BAND) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bandwidth in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BAND shares.
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7 analysts have issued 1-year price targets for Bandwidth's shares. Their BAND share price targets range from $13.00 to $38.00. On average, they predict the company's stock price to reach $19.71 in the next year. This suggests a possible upside of 10.9% from the stock's current price.
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Bandwidth's stock was trading at $14.47 at the beginning of 2024. Since then, BAND stock has increased by 22.9% and is now trading at $17.78.
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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 will be holding an earnings conference call on Tuesday, May 7th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "5428752".

Bandwidth Inc. (NASDAQ:BAND) posted its quarterly earnings results on Wednesday, February, 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.01. The firm 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 business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business 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 earnings per share 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 many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.08%), Los Angeles Capital Management LLC (0.08%) and Oak Harbor Wealth Partners LLC (0.04%). 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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