Bandwidth (BAND) to Release Earnings on Thursday

Bandwidth (NASDAQ:BAND) is anticipated to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Bandwidth to post earnings of $0.38 per share and revenue of $203.68 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Bandwidth Price Performance

Shares of NASDAQ:BAND opened at $18.74 on Wednesday. Bandwidth has a one year low of $11.90 and a one year high of $25.02. The company has a market capitalization of $515.54 million, a PE ratio of -20.15 and a beta of 1.54. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a fifty day moving average of $17.58 and a 200-day moving average of $17.80.

Analysts Set New Price Targets

BAND has been the topic of several research analyst reports. Robert W. Baird lifted their target price on Bandwidth from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Morgan Stanley increased their target price on shares of Bandwidth from $17.00 to $18.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Bandwidth in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Bandwidth currently has a consensus rating of “Hold” and a consensus price target of $28.83.

Insider Buying and Selling at Bandwidth

In other Bandwidth news, CFO Daryl Raiford sold 4,371 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $20.70, for a total transaction of $90,479.70. Following the completion of the sale, the chief financial officer now owns 93,451 shares in the company, valued at approximately $1,934,435.70. The trade was a 4.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Devin M. Krupka sold 3,658 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $21.26, for a total value of $77,769.08. Following the completion of the transaction, the insider now directly owns 11,097 shares in the company, valued at $235,922.22. The trade was a 24.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,417 shares of company stock worth $1,063,184 over the last three months. Company insiders own 6.20% of the company’s stock.

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.