Zacks Research Weighs in on Bandwidth FY2027 Earnings

Bandwidth Inc. (NASDAQ:BAND) – Stock analysts at Zacks Research issued their FY2027 earnings per share estimates for shares of Bandwidth in a research note issued to investors on Tuesday, March 11th. Zacks Research analyst R. Department expects that the company will post earnings per share of $0.55 for the year. The consensus estimate for Bandwidth’s current full-year earnings is $0.22 per share.

Bandwidth (NASDAQ:BAND) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.36). The firm had revenue of $209.97 million during the quarter, compared to analysts’ expectations 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 quarter last year, the business earned $0.38 earnings per share.

Several other equities research analysts also recently commented on BAND. 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. William Blair reiterated an “outperform” rating on shares of Bandwidth in a report on Friday, February 21st. Barclays dropped their target price on Bandwidth from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Bandwidth in a report on Friday, February 21st. One 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Bandwidth Stock Performance

Bandwidth stock opened at $14.89 on Thursday. The stock’s 50-day moving average is $16.84 and its 200-day moving average is $17.79. The company has a market cap of $426.21 million, a price-to-earnings ratio of -26.12 and a beta of 1.57. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.34 and a quick ratio of 1.34. Bandwidth has a 12 month low of $13.51 and a 12 month high of $25.02.

Institutional Trading of Bandwidth

Hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd bought a new stake in Bandwidth during the 4th quarter valued at $25,000. Quarry LP raised its stake in shares of Bandwidth by 157.6% in the 3rd quarter. Quarry LP now owns 2,035 shares of the company’s stock worth $36,000 after buying an additional 1,245 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Bandwidth in the 4th quarter worth $50,000. SBI Securities Co. Ltd. acquired a new position in shares of Bandwidth in the 4th quarter worth $69,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Bandwidth in the 3rd quarter worth $74,000. Institutional investors own 68.53% of the company’s stock.

Insider Buying and Selling at Bandwidth

In other news, CEO David A. Morken sold 2,777 shares of Bandwidth stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $17.39, for a total value of $48,292.03. Following the completion of the transaction, the chief executive officer now owns 109,783 shares in the company, valued at approximately $1,909,126.37. This trade represents a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Devin M. Krupka sold 3,770 shares of Bandwidth stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $15.70, for a total value of $59,189.00. Following the completion of the transaction, the insider now owns 19,188 shares of the company’s stock, valued at approximately $301,251.60. The trade was a 16.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,510 shares of company stock worth $1,109,806 in the last 90 days. 6.20% of the stock is owned by corporate insiders.

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.