Bandwidth (NASDAQ:BAND) Announces Quarterly Earnings Results, Misses Estimates By $0.36 EPS

Bandwidth (NASDAQ:BAND) announced its earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.36), Zacks reports. The company had revenue of $209.97 million for the quarter, compared to the consensus estimate 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 earned $0.38 earnings per share. Bandwidth updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Bandwidth Stock Performance

Shares of BAND opened at $17.00 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50-day moving average of $17.44 and a 200-day moving average of $17.84. The company has a market cap of $467.67 million, a PE ratio of -29.82 and a beta of 1.54. Bandwidth has a one year low of $11.90 and a one year high of $25.02.

Insider Activity

In other Bandwidth news, General Counsel Richard Brandon Asbill sold 5,561 shares of Bandwidth stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $21.26, for a total transaction of $118,226.86. Following the completion of the transaction, the general counsel now owns 41,825 shares in the company, valued at approximately $889,199.50. The trade was a 11.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Devin M. Krupka sold 3,658 shares of Bandwidth stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $21.26, for a total value of $77,769.08. Following the transaction, the insider now owns 11,097 shares of the company’s stock, valued at $235,922.22. This trade represents a 24.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,417 shares of company stock worth $1,063,184 in the last three months. Company insiders own 6.20% of the company’s stock.

Analyst Ratings Changes

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

Bandwidth Company Profile

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.