News headlines about Bandwidth (NASDAQ:BAND) have trended positive on Thursday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bandwidth earned a media sentiment score of 2.17 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Bandwidth’s score:
- Insider Selling: Bandwidth Inc (NASDAQ:BAND) Director Sells 150,000 Shares of Stock (americanbankingnews.com)
- UL 3DMark Adds PCIe 4.0 Feature Test For GPU Bandwidth (techgage.com)
- Bandwidth – definition (gsmarena.com)
- Positive News Coverage Extremely Likely to Impact Bandwidth (NASDAQ:BAND) Stock Price (americanbankingnews.com)
- Bandwidth Inc (NASDAQ:BAND) Director Lukas M. Roush Sells 750 Shares (americanbankingnews.com)
Several brokerages have recently weighed in on BAND. Zacks Investment Research upgraded Bandwidth from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Canaccord Genuity lifted their price target on Bandwidth from $60.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Morgan Stanley lifted their price target on Bandwidth from $48.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Robert W. Baird lifted their price target on Bandwidth from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Finally, KeyCorp lifted their price target on Bandwidth from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, March 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $76.40.
Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.13. The business had revenue of $53.30 million during the quarter, compared to the consensus estimate of $51.35 million. Bandwidth had a negative return on equity of 2.45% and a net margin of 6.71%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share. Analysts anticipate that Bandwidth will post -0.7 EPS for the current fiscal year.
In other Bandwidth news, General Counsel W. Christopher Matton sold 62,500 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $77.19, for a total value of $4,824,375.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John C. Murdock sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $73.16, for a total transaction of $10,974,000.00. The disclosure for this sale can be found here. Insiders sold 439,579 shares of company stock valued at $31,131,694 over the last quarter. Insiders own 15.27% of the company’s stock.
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Bandwidth Company Profile
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.
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