13-Dec-2024
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Bandwidth Announces Third Quarter 2024 Financial Results
PRNewswire (Thu, 31-Oct 6:29 AM ET)
Bandwidth to Report Third Quarter 2024 Financial Results on October 31, 2024
PRNewswire (Thu, 17-Oct 4:29 PM ET)
PRNewswire (Thu, 17-Oct 8:14 AM ET)
Bandwidth Inc is cloud-based communications platform-as-a-service (CPaaS) provider that enables enterprises to create, scale and operate voice or messaging communications services across any mobile application or connected device. Company earns revenue through the sale of communications services offered through Application Programming Interface software solutions to large as well as small and medium-sized business, customers and is generally derived from usage and service fees. Usage revenue includes voice communication (driven by inbound and outbound minutes and toll-free minutes) and messaging communication (driven by the number of messages) that traverse the platform and network. Service fees include the provision and management of phone numbers and emergency services access.
Bandwidth - Class A trades on the NASDAQ stock market under the symbol BAND.
As of December 13, 2024, BAND stock price declined to $18.71 with 162,527 million shares trading.
BAND has a beta of 1.79, meaning it tends to be more sensitive to market movements. BAND has a correlation of 0.07 to the broad based SPY ETF.
BAND has a market cap of $514.71 million. This is considered a Small Cap stock.
Last quarter Bandwidth - Class A reported $194 million in Revenue and $.43 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.11.
In the last 3 years, BAND traded as high as $74.87 and as low as $9.20.
The top ETF exchange traded funds that BAND belongs to (by Net Assets): VTI, IWM, VXF, FESM, IWO.
BAND has outperformed the market in the last year with a return of +55.3%, while the SPY ETF gained +29.9%. However, in the most recent history, BAND shares have underperformed the stock market with its stock returning +7.5% in the last 3 month period and -11.0% for the last 2 week period, while SPY has returned +7.8% and +0.3%, respectively.
BAND support price is $18.85 and resistance is $20.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BAND shares will trade within this expected range on the day.