In a report released on November 2, William Power from Robert W. Baird maintained a Hold rating on Bandwidth (BAND – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $17.05.
According to TipRanks, Power is a 5-star analyst with an average return of 14.8% and a 53.77% success rate. Power covers the Technology sector, focusing on stocks such as Axon Enterprise, Twilio, and Zoom Video Communications.
In addition to Robert W. Baird, Bandwidth also received a Hold from Needham’s Ryan Koontz in a report issued yesterday. However, on November 2, Canaccord Genuity maintained a Buy rating on Bandwidth (NASDAQ: BAND).
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Based on Bandwidth’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $136.49 million and a GAAP net loss of $6.25 million. In comparison, last year the company earned a revenue of $130.64 million and had a GAAP net loss of $6.94 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is neutral on the stock.
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Bandwidth, Inc. provides cloud-based communications services. It offers data Internet, voice/voice over Internet protocol, messaging. managed network, and conferencing services. The firm serves the telecom needs of small and medium businesses. It operates through the following business segments: CPaaS and Other. The CPaaS segment includes software-powered communication platform such as, voice calling and messaging services. The Other Segment provides legacy services. The company was founded by Henry Kaestner and David Morken in 1999 and is headquartered in Raleigh, NC.
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