Headlines about Bandwidth (NASDAQ:BAND) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bandwidth earned a news impact score of 0.09 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.7684870758247 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
Several research analysts recently issued reports on the stock. Morgan Stanley set a $28.00 target price on shares of Bandwidth and gave the stock a “buy” rating in a report on Saturday, December 16th. KeyCorp reissued a “buy” rating and set a $29.00 target price on shares of Bandwidth in a report on Thursday, December 14th. Canaccord Genuity assumed coverage on shares of Bandwidth in a report on Tuesday, December 5th. They set a “buy” rating and a $28.00 target price for the company. JMP Securities assumed coverage on shares of Bandwidth in a report on Tuesday, December 5th. They set an “outperform” rating and a $36.00 target price for the company. Finally, Robert W. Baird assumed coverage on shares of Bandwidth in a report on Tuesday, December 5th. They set an “outperform” rating and a $28.00 target price for the company. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $29.80.
Bandwidth (NASDAQ BAND) traded up $0.12 on Wednesday, reaching $23.13. 55,400 shares of the company’s stock were exchanged, compared to its average volume of 68,940. Bandwidth has a one year low of $18.05 and a one year high of $24.99. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of -2.45. The stock has a market capitalization of $408.78 and a PE ratio of 28.21.
Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Wednesday, December 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. analysts predict that Bandwidth will post 0.46 earnings per share for the current year.
In other Bandwidth news, major shareholder James A. Bowen sold 158,526 shares of Bandwidth stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $18.60, for a total value of $2,948,583.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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Bandwidth Inc, formerly Bandwidth.com, Inc, is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other.
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