Bandwidth (NASDAQ:BAND) updated its third quarter 2020
After-Hours earnings guidance on Thursday. The company provided earnings per share guidance of -0.03–0.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.02. The company issued revenue guidance of $76-76.5 million, compared to the consensus revenue estimate of $71.1 million.Bandwidth also updated its FY 2020
After-Hours guidance to 0.05-0.11 EPS.

Several analysts have recently weighed in on the company. KeyCorp boosted their target price on Bandwidth from $125.00 to $175.00 and gave the company an overweight rating in a report on Friday. Morgan Stanley boosted their target price on Bandwidth from $115.00 to $120.00 and gave the company an equal weight rating in a report on Friday. JMP Securities boosted their target price on Bandwidth from $95.00 to $99.00 and gave the company a market outperform rating in a report on Friday, May 1st. Zacks Investment Research cut Bandwidth from a buy rating to a hold rating and set a $145.00 price target on the stock. in a research report on Thursday, July 23rd. Finally, Canaccord Genuity restated a buy rating and issued a $175.00 price target on shares of Bandwidth in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $140.57.

Shares of BAND stock opened at $144.78 on Friday. The stock has a market capitalization of $3.45 billion, a PE ratio of -141.94 and a beta of 0.80. Bandwidth has a 52-week low of $42.61 and a 52-week high of $156.99. The stock’s 50-day moving average price is $130.29 and its 200 day moving average price is $92.98. The company has a quick ratio of 12.89, a current ratio of 12.89 and a debt-to-equity ratio of 0.82.

Bandwidth (NASDAQ:BAND) last released its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter. Bandwidth had a negative return on equity of 1.45% and a negative net margin of 9.21%. The company had revenue of $76.79 million for the quarter, compared to analysts’ expectations of $70.44 million. Analysts expect that Bandwidth will post -0.35 earnings per share for the current fiscal year.

In other Bandwidth news, insider Rebecca Bottorff sold 602 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $96.43, for a total transaction of $58,050.86. Following the transaction, the insider now owns 6,189 shares in the company, valued at approximately $596,805.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Murdock sold 250 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $131.90, for a total value of $32,975.00. Following the transaction, the director now owns 141,381 shares in the company, valued at approximately $18,648,153.90. The disclosure for this sale can be found here. Insiders have sold a total of 147,271 shares of company stock worth $17,862,643 in the last quarter. 11.05% of the stock is currently owned by insiders.

Bandwidth Company Profile

Bandwidth Inc operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates through two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or text communications services across mobile application or connected device.

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Earnings History and Estimates for Bandwidth (NASDAQ:BAND)

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