Analysts expect that Bandwidth Inc (NASDAQ:BAND) will report earnings of ($0.13) per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Bandwidth’s earnings, with the lowest EPS estimate coming in at ($0.13) and the highest estimate coming in at ($0.12). The firm is scheduled to report its next earnings results on Wednesday, August 1st.

On average, analysts expect that Bandwidth will report full year earnings of ($0.04) per share for the current year, with EPS estimates ranging from ($0.11) to $0.01. For the next fiscal year, analysts expect that the firm will post earnings of ($0.49) per share, with EPS estimates ranging from ($0.76) to ($0.15). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Bandwidth.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $53.00 million during the quarter, compared to analyst estimates of $47.19 million. Bandwidth’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS.

BAND has been the topic of a number of recent analyst reports. KeyCorp reissued an “overweight” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Bandwidth in a research note on Thursday, February 22nd. Dougherty & Co initiated coverage on Bandwidth in a research note on Tuesday, April 10th. They issued a “buy” rating on the stock. ValuEngine lowered Bandwidth from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Canaccord Genuity boosted their price objective on Bandwidth from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. Finally, Morgan Stanley boosted their price objective on Bandwidth from $28.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, May 3rd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $38.00.

Bandwidth stock opened at $38.97 on Monday. The firm has a market capitalization of $703.11 million and a price-to-earnings ratio of 79.53. Bandwidth has a 52 week low of $18.05 and a 52 week high of $40.83.

In other news, major shareholder Carmichael Bandwidth Llc sold 593,000 shares of the company’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $38.50, for a total transaction of $22,830,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 48.62% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of BAND. Barclays PLC bought a new stake in Bandwidth in the first quarter valued at about $262,000. Northern Trust Corp bought a new stake in Bandwidth in the first quarter valued at about $263,000. Wedbush Securities Inc. bought a new stake in Bandwidth in the first quarter valued at about $269,000. Virtu Financial LLC bought a new stake in Bandwidth in the fourth quarter valued at about $277,000. Finally, Spark Investment Management LLC bought a new stake in Bandwidth in the fourth quarter valued at about $436,000. 21.03% of the stock is currently owned by institutional investors and hedge funds.

Bandwidth Company Profile

Bandwidth Inc operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provides 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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