Bandwidth (NASDAQ:BAND) Issues Earnings Results, Misses Expectations By $0.36 EPS

Bandwidth (NASDAQ:BAND) issued its quarterly earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.36), Zacks reports. The company had revenue of $209.97 million for the quarter, compared to analyst estimates of $203.68 million. Bandwidth had a positive return on equity of 0.53% and a negative net margin of 0.87%. During the same period in the prior year, the company earned $0.38 EPS. Bandwidth updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Bandwidth Trading Down 2.6 %

NASDAQ BAND opened at $17.00 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. Bandwidth has a twelve month low of $11.90 and a twelve month high of $25.02. The company has a market cap of $467.67 million, a price-to-earnings ratio of -29.82 and a beta of 1.54. The business’s fifty day moving average is $17.44 and its 200 day moving average is $17.84.

Insider Activity at Bandwidth

In related news, insider Devin M. Krupka sold 3,658 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $21.26, for a total transaction of $77,769.08. Following the sale, the insider now owns 11,097 shares of the company’s stock, valued at $235,922.22. This trade represents a 24.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David A. Morken sold 15,410 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $21.26, for a total value of $327,616.60. Following the sale, the chief executive officer now directly owns 101,821 shares in the company, valued at approximately $2,164,714.46. This trade represents a 13.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,417 shares of company stock valued at $1,063,184 in the last 90 days. 6.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BAND. William Blair reissued an “outperform” rating on shares of Bandwidth in a research report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Bandwidth in a research report on Friday. Barclays reduced their price target on Bandwidth from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday. Robert W. Baird increased their price target on Bandwidth from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Morgan Stanley raised their target price on Bandwidth from $17.00 to $18.00 and gave the company an “underweight” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Bandwidth Company Profile

Bandwidth is a leading enterprise cloud communications company. Companies like Cisco, Google, Microsoft, RingCentral, Uber, and Zoom use Bandwidth’s APIs to easily embed voice, messaging, and emergency services into software and applications. Bandwidth is the first and only CPaaS provider offering a robust selection of communications APIs built around their own IP voice network.