Bandwidth (NASDAQ:BAND) Posts Earnings Results, Misses Expectations 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. Bandwidth had a negative net margin of 2.23% and a negative return on equity of 0.89%. The firm had revenue of $209.97 million during the quarter, compared to the consensus estimate of $203.68 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Bandwidth updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Bandwidth Stock Down 3.6 %

BAND stock traded down $0.64 during trading on Friday, reaching $16.83. 379,398 shares of the company traded hands, compared to its average volume of 290,782. Bandwidth has a 12 month low of $11.90 and a 12 month high of $25.02. The company has a market capitalization of $462.86 million, a price-to-earnings ratio of -18.16 and a beta of 1.54. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.29 and a current ratio of 1.29. The business has a 50 day simple moving average of $17.47 and a 200 day simple moving average of $17.83.

Insider Buying and Selling at Bandwidth

In other news, insider Devin M. Krupka sold 3,658 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $21.26, for a total transaction of $77,769.08. Following the completion of the sale, the insider now owns 11,097 shares of the company’s stock, valued at $235,922.22. The trade was a 24.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David A. Morken sold 15,410 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $21.26, for a total value of $327,616.60. Following the completion of the sale, the chief executive officer now owns 101,821 shares of the company’s stock, valued at $2,164,714.46. This trade represents a 13.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,417 shares of company stock worth $1,063,184 over the last three months. Corporate insiders own 6.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays cut their target price on shares of Bandwidth from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday. Robert W. Baird boosted 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Bandwidth in a report on Friday. Finally, Morgan Stanley increased 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. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.