Bandwidth IncBAND
Market Cap: 607M
About: Bandwidth Inc is cloud-based communications platform-as-a-service (CPaaS) provider that enables enterprises to create, scale and operate voice or messaging communications services across any mobile application or connected device. Company earns revenue through the sale of communications services offered through Application Programming Interface software solutions to large as well as small and medium-sized business, customers and is generally derived from usage and service fees. Usage revenue includes voice communication (driven by inbound and outbound minutes and toll-free minutes) and messaging communication (driven by the number of messages) that traverse the platform and network. Service fees include the provision and management of phone numbers and emergency services access.
Employees: 1,100
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
119% more call options, than puts
Call options by funds: $8.8M | Put options by funds: $4.02M
26% more capital invested
Capital invested by funds: $260M [Q4 2023] → $329M (+$68.7M) [Q1 2024]
14% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 28
3% more funds holding
Funds holding: 139 [Q4 2023] → 143 (+4) [Q1 2024]
7% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 44
1.82% less ownership
Funds ownership: 75.97% [Q4 2023] → 74.16% (-1.82%) [Q1 2024]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 0 (-1) [Q1 2024]
Research analyst outlook
9 Wall Street Analysts provided 1 year price forecasts over the past 6 months
9 analyst ratings
Morgan Stanley Meta Marshall | 33%downside $15 | Underweight Downgraded | 14 Jun 2024 |
Keybanc Thomas Blakey | 42%upside $32 | Overweight Maintained | 8 May 2024 |
Barclays Ryan Macwilliams | 25%upside $28 | Overweight Maintained | 8 May 2024 |
JMP Securities Patrick Walravens | 60%upside $36 | Market Outperform Maintained | 8 May 2024 |
Canaccord Genuity Michael Walkley | 78%upside $40 | Buy Maintained | 8 May 2024 |
Financial journalist opinion
Based on 3 articles about BAND published over the past 30 days