Bandwidth (NASDAQ:BAND) Announces Earnings Results

Bandwidth (NASDAQ:BAND) issued its quarterly earnings data on Thursday. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.36), Zacks reports. The firm had revenue of $209.97 million during the quarter, compared to analyst estimates of $203.68 million. Bandwidth had a negative return on equity of 0.89% and a negative net margin of 2.23%. During the same quarter last year, the company posted $0.38 EPS. Bandwidth updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Bandwidth Stock Down 3.6 %

Shares of BAND traded down $0.64 during trading hours on Friday, reaching $16.83. The company’s stock had a trading volume of 379,398 shares, compared to its average volume of 290,782. Bandwidth has a 1-year low of $11.90 and a 1-year high of $25.02. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The firm has a market cap of $462.86 million, a price-to-earnings ratio of -18.16 and a beta of 1.54. The company has a 50 day moving average of $17.47 and a two-hundred day moving average of $17.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BAND shares. Morgan Stanley upped their price objective on shares of Bandwidth from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of Bandwidth in a report on Friday. Barclays reduced their price objective on shares of Bandwidth from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Robert W. Baird boosted their price objective on Bandwidth from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. One 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’s stock. According to data from MarketBeat.com, Bandwidth currently has a consensus rating of “Hold” and a consensus price target of $28.33.

Insider Buying and Selling

In other news, COO Devesh Agarwal sold 5,239 shares of Bandwidth stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $21.26, for a total transaction of $111,381.14. Following the transaction, the chief operating officer now owns 38,839 shares in the company, valued at $825,717.14. The trade was a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Devin M. Krupka sold 3,658 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $21.26, for a total transaction of $77,769.08. Following the completion of the sale, the insider now directly owns 11,097 shares in the company, valued at approximately $235,922.22. This represents a 24.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,417 shares of company stock worth $1,063,184. 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.