Shares of Bandwidth Inc (NASDAQ:BAND) have earned a consensus broker rating score of 1.20 (Strong Buy) from the five analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company.
Brokers have set a 1-year consensus price target of $29.80 for the company, according to Zacks. Zacks has also assigned Bandwidth an industry rank of 177 out of 265 based on the ratings given to related companies.
Several equities research analysts recently commented on the stock. Morgan Stanley set a $28.00 price target on shares of Bandwidth and gave the stock a “buy” rating in a research note on Saturday, December 16th. KeyCorp restated a “buy” rating and set a $29.00 target price on shares of Bandwidth in a research report on Thursday, December 14th. Canaccord Genuity started coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They set a “buy” rating and a $28.00 target price for the company. Robert W. Baird started coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, JMP Securities started coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $36.00 price objective for the company.
Shares of Bandwidth (NASDAQ BAND) traded down $1.09 during trading on Friday, hitting $22.52. The stock had a trading volume of 31,384 shares, compared to its average volume of 45,322. Bandwidth has a one year low of $18.05 and a one year high of $24.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of -2.45.
Bandwidth (NASDAQ:BAND) last announced its quarterly earnings data on Wednesday, December 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. equities analysts expect that Bandwidth will post 0.46 earnings per share for the current fiscal year.
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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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