The stock of Bandwidth Inc. (NASDAQ:BAND) is a huge mover today! The stock decreased 3.44% or $1.9 during the last trading session, reaching $53.3. About 240,217 shares traded. Bandwidth Inc. (NASDAQ:BAND) has risen 112.49% since December 4, 2018 and is uptrending. It has outperformed by 112.49% the S&P500.
The move comes after 7 months negative chart setup for the $1.25 billion company. It was reported on Dec, 4 by Barchart.com. We have $51.17 PT which if reached, will make NASDAQ:BAND worth $50.08M less.
Analysts await Bandwidth Inc. (NASDAQ:BAND) to report earnings on February, 12. They expect $-0.17 EPS, down 88.89 % or $0.08 from last year’s $-0.09 per share. After $-0.11 actual EPS reported by Bandwidth Inc. for the previous quarter, Wall Street now forecasts 54.55 % negative EPS growth.
Bandwidth Inc. (NASDAQ:BAND) Ratings Coverage
Among 3 analysts covering Bandwidth Inc. – Class A Common Stock (NASDAQ:BAND), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Bandwidth Inc. – Class A Common Stock has $9000 highest and $5500 lowest target. $61.75’s average target is 15.85% above currents $53.3 stock price. Bandwidth Inc. – Class A Common Stock had 8 analyst reports since July 3, 2019 according to SRatingsIntel. JP Morgan maintained the stock with “Overweight” rating in Thursday, November 7 report. On Thursday, September 19 the stock rating was downgraded by Morgan Stanley to “Underweight”. The stock has “Buy” rating by Canaccord Genuity on Thursday, November 7.
More notable recent Bandwidth Inc. (NASDAQ:BAND) news were published by: Nasdaq.com which released: “Bandwidth (BAND) Reports Q3 Loss, Tops Revenue Estimates – Nasdaq” on November 06, 2019, also Nasdaq.com with their article: “Breakingviews – Who buys Bloomberg, the company, if the man wins? – Nasdaq” published on November 27, 2019, Nasdaq.com published: “Intuit (INTU) Q1 Earnings and Revenues Surpass Estimates – Nasdaq” on November 22, 2019. More interesting news about Bandwidth Inc. (NASDAQ:BAND) were released by: Fool.com and their article: “Bandwidth Inc. (BAND) Q3 2019 Earnings Call Transcript – The Motley Fool” published on November 07, 2019 as well as Nasdaq.com‘s news article titled: “EchoStar Aims at IoT, Snags S-Band Spectrum at a Steal – Nasdaq” with publication date: November 08, 2019.
Bandwidth Inc. operates as a cloud-based, software-powered communications platform-as-a-service well-known provider in the United States. The company has market cap of $1.25 billion. The firm operates through two divisions, CPaaS and Other. It has a 372.73 P/E ratio. The Company’s platform enables enterprises to create, scale, and operate voice or text communications services across mobile application or connected device or enterprises.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.