Bandwidth (BAND) Scheduled to Post Earnings on Wednesday

Bandwidth (NASDAQ:BAND) is set to release its earnings data after the market closes on Wednesday, February 21st. Analysts expect Bandwidth to post earnings of ($0.02) per share for the quarter. Bandwidth has set its Q4 guidance at $0.00 to $0.01 EPS.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings results on Wednesday, December 13th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. On average, analysts expect Bandwidth to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bandwidth (NASDAQ:BAND) opened at $19.88 on Wednesday. Bandwidth has a 52 week low of $18.05 and a 52 week high of $24.99. The firm has a market capitalization of $350.31 and a price-to-earnings ratio of 24.24. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of -2.45.

A number of brokerages have weighed in on BAND. Robert W. Baird began coverage on Bandwidth in a research note on Tuesday, December 5th. They set an “outperform” rating and a $28.00 price target on the stock. KeyCorp began coverage on Bandwidth in a research note on Tuesday, December 5th. They set an “overweight” rating and a $29.00 price target on the stock. Morgan Stanley began coverage on Bandwidth in a research note on Tuesday, December 5th. They set an “overweight” rating and a $28.00 price target on the stock. Canaccord Genuity began coverage on Bandwidth in a research note on Tuesday, December 5th. They set a “buy” rating and a $28.00 price target on the stock. Finally, JMP Securities began coverage on Bandwidth in a research note on Tuesday, December 5th. They set an “outperform” rating and a $36.00 price target on the stock. Five research analysts have rated the stock with a buy rating, Bandwidth has a consensus rating of “Buy” and an average target price of $29.80.

In other Bandwidth news, major shareholder James A. Bowen sold 158,526 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total transaction of $2,948,583.60. The sale was disclosed in a document filed with the SEC, which is available at this link.

COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2018/02/14/bandwidth-band-scheduled-to-post-earnings-on-wednesday.html.

About Bandwidth

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.

Receive News & Ratings for Bandwidth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bandwidth and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply