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

Bandwidth (NASDAQ:BAND - Get Free Report) posted its earnings results on Thursday. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.36), Zacks reports. The company 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 period in the prior 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 1.2 %

BAND stock traded down $0.20 on Tuesday, reaching $16.75. 357,430 shares of the company traded hands, compared to its average volume of 307,059. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a fifty day simple moving average of $17.39 and a 200-day simple moving average of $17.88. Bandwidth has a one year low of $11.90 and a one year high of $25.02. The company has a market cap of $460.79 million, a P/E ratio of -29.39 and a beta of 1.54.

Wall Street Analysts Forecast Growth

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

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Insiders Place Their Bets

In other news, CEO David A. Morken sold 2,777 shares of Bandwidth stock in a transaction dated 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 of the company's stock, valued at $1,909,126.37. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daryl Raiford sold 4,371 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $20.70, for a total transaction of $90,479.70. Following the sale, the chief financial officer now directly owns 93,451 shares in the company, valued at $1,934,435.70. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,417 shares of company stock valued at $1,063,184. 6.20% of the stock is currently 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.