Bandwidth Inc. (NASDAQ:BAND) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.01 per share from $ 76.06 million in revenue.
For the full year, analysts predict revenues of $ 299.01 million, while looking forward to income of $ 0.11 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.01 ~ $ -0.01 per share, while revenues are expected in a range of $ 76.50 million ~ $ 76.50 million
Full Year 2020 topline are forecasted in a range of$ 296.80 million ~ $ 298.30 million, where as bottomline are predicted in a range of $ 0.05 ~ $ 0.11 per share
Click Here For More Historical Outlooks Of Bandwidth Inc.
Previous Quarter Performance
Bandwidth Inc. recorded income for the second quarter of $ 0.13 per share, from the revenue of $ 76.79 million. Street analysts expected $ 70.51 million. The top line results outshined analysts by $ 6.28 million or 8.91 percent.
Stock Performance
Shares of Bandwidth Inc. traded up $ 3.90 or 2.38 percent on Wednesday, reaching $ 167.59 with volume of 673.40 thousand shares. Bandwidth Inc. has traded high as $ 169.10 and has cracked $ 161.15 on the downward trend
According to the previous trading day, closing price of $ 167.59, representing a 284.16 % increase from the 52 week low of $ 42.61 and a 17.58 % decrease over the 52 week high of $ 198.61.
The company has a market capital of $ 4.05 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Needham & Company LLC at Buy rating, with $ 200.00 target price.
- On 7th October 2020, downgraded by Morgan Stanley to Underweight from Equal-Weight rating.
Conference Call
Bandwidth Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bandwidth.com
Bandwidth Inc. operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates through two segments, CPaaS and Other.
