Bandwidth (BAND) Projected to Post 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Bandwidth Stock Up 3.5 %

NASDAQ:BAND opened at $19.28 on Thursday. The company has a market cap of $530.39 million, a PE ratio of -20.73 and a beta of 1.54. Bandwidth has a twelve month low of $11.90 and a twelve month high of $25.02. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $17.64 and its two-hundred day moving average is $17.87.

Insider Activity

In related news, CEO David A. Morken sold 15,410 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $21.26, for a total value of $327,616.60. Following the completion of the transaction, the chief executive officer now directly owns 101,821 shares in the company, valued at $2,164,714.46. The trade was a 13.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Devin M. Krupka sold 3,658 shares of the company’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 transaction, the insider now owns 11,097 shares of the company’s stock, valued at $235,922.22. This represents a 24.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,417 shares of company stock valued at $1,063,184 in the last ninety days. Insiders own 6.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BAND. Morgan Stanley boosted 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Bandwidth in a report on Friday, November 1st. Finally, Robert W. Baird upped their price objective on shares of Bandwidth from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.83.

About Bandwidth

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.