Bandwidth Inc. (NASDAQ:BAND – Get Free Report) General Counsel Richard Brandon Asbill sold 1,781 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $58.85, for a total value of $104,811.85. Following the transaction, the general counsel owned 32,214 shares in the company, valued at approximately $1,895,793.90. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Bandwidth Stock Down 3.6%
BAND stock opened at $65.46 on Thursday. The firm has a market cap of $2.10 billion, a PE ratio of -172.26 and a beta of 2.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50 day moving average price is $36.23 and its 200-day moving average price is $22.15. Bandwidth Inc. has a one year low of $12.50 and a one year high of $72.80.
Bandwidth (NASDAQ:BAND – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.32 by $0.06. The firm had revenue of $208.78 million for the quarter, compared to analyst estimates of $201.58 million. Bandwidth had a negative net margin of 0.64% and a positive return on equity of 1.47%. Bandwidth has set its FY 2026 guidance at 1.770-1.830 EPS and its Q2 2026 guidance at 0.350-0.370 EPS. On average, equities research analysts anticipate that Bandwidth Inc. will post 0.55 EPS for the current year.
Institutional Investors Weigh In On Bandwidth
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Citigroup reissued an “outperform” rating on shares of Bandwidth in a research report on Thursday, April 30th. Citizens Jmp boosted their target price on Bandwidth from $45.00 to $70.00 and gave the company a “market outperform” rating in a research report on Friday, May 15th. Wall Street Zen downgraded shares of Bandwidth from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Bandwidth from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Bandwidth in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bandwidth presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.25.
View Our Latest Stock Analysis on BAND
About Bandwidth
Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth’s solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.
Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.
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