Bandwidth (NASDAQ:BAND) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Bandwidth has set its Q4 guidance at $0.00 to $0.01 EPS.
Bandwidth (NASDAQ:BAND) last released its earnings results on Wednesday, December 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. On average, analysts expect Bandwidth to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Bandwidth (NASDAQ:BAND) opened at $22.29 on Monday. Bandwidth has a 12-month low of $18.05 and a 12-month 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.
In other news, major shareholder James A. Bowen sold 158,526 shares of Bandwidth stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total transaction of $2,948,583.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
BAND has been the topic of a number of recent analyst reports. Morgan Stanley set a $28.00 target price on Bandwidth and gave the company a “buy” rating in a research report on Saturday, December 16th. KeyCorp reiterated a “buy” rating and issued a $29.00 target price on shares of Bandwidth in a research report on Thursday, December 14th. Canaccord Genuity initiated coverage on Bandwidth in a research report on Tuesday, December 5th. They issued a “buy” rating and a $28.00 target price on the stock. JMP Securities initiated coverage on Bandwidth in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $36.00 target price on the stock. Finally, Robert W. Baird assumed coverage on Bandwidth in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $28.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $29.80.
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Bandwidth Company Profile
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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