Somewhat Favorable News Coverage Somewhat Unlikely to Affect Bandwidth (BAND) Stock Price

News coverage about Bandwidth (NASDAQ:BAND) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bandwidth earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.3008237880956 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Bandwidth traded down $0.03, reaching $39.44, during midday trading on Friday, Marketbeat.com reports. 170,679 shares of the company were exchanged, compared to its average volume of 184,917. The stock has a market cap of $699.21 million and a PE ratio of 80.49. Bandwidth has a 1 year low of $18.05 and a 1 year high of $40.83.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $53.00 million for the quarter, compared to analysts’ expectations of $47.19 million. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 EPS. equities research analysts predict that Bandwidth will post -0.14 EPS for the current fiscal year.

BAND has been the subject of a number of recent research reports. ValuEngine cut Bandwidth from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Robert W. Baird reiterated an “outperform” rating and set a $30.00 price objective (up previously from $28.00) on shares of Bandwidth in a research report on Thursday, February 22nd. Dougherty & Co initiated coverage on Bandwidth in a research report on Tuesday, April 10th. They set a “buy” rating for the company. KeyCorp reiterated an “overweight” rating and set a $31.00 price objective (up previously from $29.00) on shares of Bandwidth in a research report on Thursday, February 22nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $30.00 price objective (up previously from $28.00) on shares of Bandwidth in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Bandwidth currently has an average rating of “Buy” and an average target price of $38.00.

In other Bandwidth news, major shareholder Carmichael Bandwidth Llc sold 593,000 shares of Bandwidth stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $38.50, for a total value of $22,830,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 48.62% of the stock is owned by insiders.

About Bandwidth

Bandwidth Inc operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provides in the United States. The company operates through two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or text communications services across mobile application or connected device.

Insider Buying and Selling by Quarter for Bandwidth (NASDAQ:BAND)

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