Bandwidth (NASDAQ:BAND) Issues FY 2020 After-Hours Earnings Guidance

Bandwidth (NASDAQ:BAND) updated its FY 2020
After-Hours earnings guidance on Thursday. The company provided EPS guidance of 0.05-0.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.02. The company issued revenue guidance of $296.8-298.3 million, compared to the consensus revenue estimate of $282.27 million.Bandwidth also updated its FY20 guidance to $0.05 to $0.11 EPS.

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity reiterated a buy rating and set a $175.00 target price on shares of Bandwidth in a research report on Thursday. JMP Securities upped their target price on shares of Bandwidth from $95.00 to $99.00 and gave the stock a market outperform rating in a research report on Friday, May 1st. William Blair began coverage on shares of Bandwidth in a research report on Monday, May 11th. They set an outperform rating on the stock. KeyCorp boosted their price target on shares of Bandwidth from $125.00 to $175.00 and gave the stock an overweight rating in a research note on Friday. Finally, Morgan Stanley boosted their price target on shares of Bandwidth from $115.00 to $120.00 and gave the stock an equal weight rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Bandwidth currently has an average rating of Buy and a consensus target price of $140.57.

Shares of BAND stock opened at $144.78 on Friday. The firm has a fifty day moving average of $130.29 and a 200-day moving average of $92.98. The company has a quick ratio of 12.89, a current ratio of 12.89 and a debt-to-equity ratio of 0.82. Bandwidth has a 12-month low of $42.61 and a 12-month high of $156.99. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -141.94 and a beta of 0.80.

Bandwidth (NASDAQ:BAND) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter. Bandwidth had a negative net margin of 9.21% and a negative return on equity of 1.45%. The company had revenue of $76.79 million during the quarter, compared to the consensus estimate of $70.44 million. On average, equities analysts expect that Bandwidth will post -0.35 EPS for the current year.

In other news, Director Brian D. Bailey sold 31,250 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $110.36, for a total value of $3,448,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Murdock sold 250 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $131.90, for a total transaction of $32,975.00. Following the completion of the transaction, the director now directly owns 141,381 shares in the company, valued at $18,648,153.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,271 shares of company stock valued at $17,862,643. Corporate insiders own 11.05% of the company’s stock.

About Bandwidth

Bandwidth Inc operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates through two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or text communications services across mobile application or connected device.

See Also: Cash Asset Ratio

Earnings History and Estimates for Bandwidth (NASDAQ:BAND)

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