Bandwidth (BAND) to Release Quarterly Earnings on Thursday

Bandwidth (NASDAQ:BAND) is set to issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). Bandwidth had a negative return on equity of 2.49% and a negative net margin of 4.60%. The firm had revenue of $171.03 million during the quarter, compared to the consensus estimate of $165.10 million. On average, analysts expect Bandwidth to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bandwidth Stock Performance

NASDAQ:BAND opened at $22.51 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.36 and a quick ratio of 2.36. Bandwidth has a 1 year low of $9.34 and a 1 year high of $25.02. The stock’s 50 day simple moving average is $18.90 and its two-hundred day simple moving average is $17.78. The company has a market cap of $608.00 million, a price-to-earnings ratio of -20.10 and a beta of 1.48.

Insider Activity at Bandwidth

In related news, insider Devin M. Krupka sold 2,500 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $21.61, for a total transaction of $54,025.00. Following the completion of the transaction, the insider now owns 7,262 shares in the company, valued at approximately $156,931.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Daryl Raiford sold 1,769 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $22.22, for a total transaction of $39,307.18. Following the completion of the transaction, the chief financial officer now owns 63,397 shares in the company, valued at approximately $1,408,681.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Devin M. Krupka sold 2,500 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $21.61, for a total value of $54,025.00. Following the transaction, the insider now owns 7,262 shares of the company’s stock, valued at approximately $156,931.82. The disclosure for this sale can be found here. Insiders sold a total of 32,973 shares of company stock worth $664,643 in the last quarter. 6.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on BAND shares. Morgan Stanley cut Bandwidth from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $18.00 to $15.00 in a report on Friday, June 14th. Barclays lifted their target price on Bandwidth from $22.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Robert W. Baird lifted their target price on Bandwidth from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Canaccord Genuity Group lifted their target price on Bandwidth from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, JMP Securities lifted their target price on Bandwidth from $32.00 to $36.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Bandwidth currently has a consensus rating of “Hold” and an average price target of $27.00.

Bandwidth Company Profile

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.