Bandwidth (NASDAQ:BAND) Announces Quarterly Earnings Results, Misses Estimates By $0.36 EPS

Bandwidth (NASDAQ:BAND) announced its quarterly earnings data 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 business had revenue of $209.97 million during the quarter, compared to the consensus estimate of $203.68 million. Bandwidth had a negative net margin of 2.23% and a negative return on equity of 0.89%. During the same period in the previous year, the business posted $0.38 earnings per share. Bandwidth updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Bandwidth Stock Down 4.0 %

BAND traded down $0.69 during trading on Friday, reaching $16.77. The company had a trading volume of 389,712 shares, compared to its average volume of 291,191. The company has a market cap of $461.23 million, a P/E ratio of -17.98 and a beta of 1.54. Bandwidth has a 12 month low of $11.90 and a 12 month high of $25.02. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.29. The business’s fifty day moving average price is $17.47 and its 200 day moving average price is $17.83.

Insider Transactions at Bandwidth

In other news, CFO Daryl Raiford sold 4,371 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $20.70, for a total transaction of $90,479.70. Following the completion of the transaction, the chief financial officer now directly owns 93,451 shares of the company’s stock, valued at $1,934,435.70. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David A. Morken sold 2,777 shares of Bandwidth stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $17.39, for a total transaction of $48,292.03. Following the completion of the sale, the chief executive officer now owns 109,783 shares in the company, valued at $1,909,126.37. This trade represents a 2.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,417 shares of company stock valued at $1,063,184 over the last quarter. Corporate insiders own 6.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BAND shares. Robert W. Baird raised 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. Barclays reduced their target price on Bandwidth from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday. Needham & Company LLC restated a “hold” rating on shares of Bandwidth in a research report on Friday. Finally, Morgan Stanley increased their price target on shares of Bandwidth from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $28.33.

About Bandwidth

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.