Bandwidth Inc.
Bandwidth Inc. operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates in two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or messaging communications services across various mobile applications or connected devices. The company also provides SIP trunking, data resale, and hosted voice over Internet protocol services. It serves large enterprises, communications service providers, conferencing providers, contact centers, small and medium-sized businesses, emerging technology companies, and many other businesses. Bandwidth Inc. was founded in 2000 and is headquartered in Raleigh, North Carolina.
IPO Year: 2017
Exchange: NASDAQ
Website: bandwidth.com
Peers
Recent Analyst Ratings for Bandwidth Inc.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/14/2024 | $18.00 → $15.00 | Equal-Weight → Underweight | Morgan Stanley |
| 1/17/2023 | $18.00 → $25.00 | Overweight → Neutral | Piper Sandler |
| 9/13/2022 | $21.00 | Overweight | KeyBanc Capital Markets |
| 5/16/2022 | $38.00 → $25.00 | Outperform → Neutral | Robert W. Baird |
| 5/6/2022 | Buy → Hold | Needham | |
| 2/25/2022 | $130.00 → $45.00 | Buy | Needham |
| 2/24/2022 | $206.00 → $100.00 | Mkt Outperform | JMP Securities |
| 2/24/2022 | $44.00 → $57.00 | Neutral | Citigroup |
| 2/24/2022 | $150.00 → $86.00 | Buy | Canaccord Genuity |
| 2/24/2022 | $102.00 → $51.00 | Overweight | Piper Sandler |
Bandwidth Inc. Press Releases
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Bandwidth Releases 2025 State of Messaging Report: RCS, Deliverability and Consumer Trust Take Center Stage
Report is a must-read playbook for enterprises to maximize engagement, improve deliverability and future-proof their business text messaging strategies RALEIGH, N.C., Feb. 25, 2025 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced the release of its highly anticipated 2025 State of Messaging Report, which reveals the key trends shaping business messaging for enterprises worldwide. As businesses navigate rising consumer expectations, evolving industry requirements and the emergence of next-gen messaging chan
Bandwidth Announces Fourth Quarter and Full Year 2024 Financial Results
Reported quarterly and full year record revenue and record profitability Achieved net operating cash flow of $84 million and record free cash flow in 2024 RALEIGH, N.C., Feb. 20, 2025 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced financial results for the fourth quarter and full year ended December 31, 2024. "2024 was a transformative year for Bandwidth, delivering record financial results and groundbreaking product innovation," said David Morken, CEO of Bandwidth. "Our capabilities in Voice AI and ent
Bandwidth Named a Leader in IDC MarketScape for Worldwide CPaaS
RALEIGH, N.C., Feb. 11, 2025 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced it has been named a Leader for the fourth consecutive time in the IDC MarketScape: Worldwide Communications Platform as a Service (CPaaS) 2025 Vendor Assessment (doc #US52039625, Feb. 2025). "Consider Bandwidth if your company is seeking a reliable, carrier-grade global voice and messaging platform with an efficient, automated deployment experience and renowned customer support," said Courtney Munroe, IDC's Research Vice Presiden
Bandwidth to Report Fourth Quarter and Full Year 2024 Financial Results on February 20, 2025
RALEIGH, N.C., Jan. 21, 2025 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the fourth quarter and full year ended December 31, 2024 before market open on Thursday, February 20, 2025. Bandwidth will offer a live webcast of the conference call on the Investor Relations section of the company's website at https://investors.bandwidth.com, where a replay will also be available shortly following the completion of the event. Conference call details: Date: Thursday, February 20, 2025 Time: 8:00 a.m. Eastern Time Dial-in number (domestic): 844-481-2707 Dial-in number (international):
Bandwidth Announces Devesh Agarwal as Chief Operating Officer To Lead Growth and Innovation
Proven technology executive with significant sales, go-to-market and P&L leadership experience at large organizations RALEIGH, N.C., Jan. 2, 2025 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced Devesh Agarwal as Chief Operating Officer, effective Jan. 1, 2025. Agarwal, who had served as interim COO since July 2024, is a proven technology executive with significant sales, go-to-market, customer co-creation and P&L leadership experience at large organizations, including Oracle. He joined Bandwidth in July 20
Bandwidth Announces Third Quarter 2024 Financial Results
Exceeded revenue and profitability guidance ranges Raising full year 2024 guidance for revenue and profitability RALEIGH, N.C., Oct. 31, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced financial results for the third quarter ended September 30, 2024. "We're pleased to report solid momentum carrying us into the end of the year, with record revenue and profitability performance, strong conversion to free cash flow and continued operating discipline," said David Morken, CEO of Bandwidth. "These results
Bandwidth to Report Third Quarter 2024 Financial Results on October 31, 2024
RALEIGH, N.C., Oct. 17, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the third quarter ended September 30, 2024 before market open on Thursday, October 31, 2024. Bandwidth will offer a live video webinar that can be accessed on the Investor Relations section of the company's website at https://investors.bandwidth.com, where a replay will also be available shortly following the completion of the event. Webinar details:Date: Thursday, October 31, 2024Time: 8
Bandwidth and its Employees Announce Hurricane Relief For Western North Carolina and Invite Customers To Participate
Donation of $100,000, 2:1 employee matching, support for employee volunteers and invitations to customers are efforts to mobilize the entire Bandwidth Community to help neighbors in N.C. RALEIGH, N.C., Oct. 17, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced a hurricane relief program for the company's neighbors in the impacted communities of western North Carolina. The program includes: An immediate company donation of $100,000 across four key charitable organizations recognized for their leadership
Bandwidth Announces the Largest BYOC Ecosystem, Giving Enterprises More Ways To Solve Complex Challenges
Bring-your-own-carrier with Bandwidth's Maestro™ platform gives enterprises more freedom of choice along with better quality, control, cost savings RALEIGH, N.C., Sept. 12, 2024 /PRNewswire/ -- At its Reverb24 global livestream today, Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, announced it now offers the largest ecosystem of bring-your-own-carrier (BYOC) integrations of any provider in the world–giving enterprises more ways to solve complex communications challenges. "Bandwidth provides unprecedented freedom of choice to enterprise
Bandwidth Will Livestream Its Universal Platform Launch TODAY at 10:30 am EDT, With Registration Still Available
Future of communications takes center stage at "Reverb24," a worldwide livestreamed event featuring new and upgraded technologies for enterprises to deliver seamless global experiences RALEIGH, N.C., Sept. 12, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, will livestream the launch of its next-generation Universal Platform and more today at 10:30 am EDT at "Reverb24." Registration for the worldwide event is still available at this link, which can also be used to access a replay and content highlights afterward. Ba
Bandwidth Inc. Analyst Ratings
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
Bandwidth downgraded by Morgan Stanley with a new price target
Morgan Stanley downgraded Bandwidth from Equal-Weight to Underweight and set a new price target of $15.00 from $18.00 previously
Bandwidth downgraded by Piper Sandler with a new price target
Piper Sandler downgraded Bandwidth from Overweight to Neutral and set a new price target of $25.00 from $18.00 previously
KeyBanc Capital Markets initiated coverage on Bandwidth with a new price target
KeyBanc Capital Markets initiated coverage of Bandwidth with a rating of Overweight and set a new price target of $21.00
Bandwidth downgraded by Robert W. Baird with a new price target
Robert W. Baird downgraded Bandwidth from Outperform to Neutral and set a new price target of $25.00 from $38.00 previously
Bandwidth downgraded by Needham
Needham downgraded Bandwidth from Buy to Hold
Needham reiterated coverage on Bandwidth with a new price target
Needham reiterated coverage of Bandwidth with a rating of Buy and set a new price target of $45.00 from $130.00 previously
JMP Securities reiterated coverage on Bandwidth with a new price target
JMP Securities reiterated coverage of Bandwidth with a rating of Mkt Outperform and set a new price target of $100.00 from $206.00 previously
Citigroup reiterated coverage on Bandwidth with a new price target
Citigroup reiterated coverage of Bandwidth with a rating of Neutral and set a new price target of $57.00 from $44.00 previously
Canaccord Genuity reiterated coverage on Bandwidth with a new price target
Canaccord Genuity reiterated coverage of Bandwidth with a rating of Buy and set a new price target of $86.00 from $150.00 previously
Piper Sandler reiterated coverage on Bandwidth with a new price target
Piper Sandler reiterated coverage of Bandwidth with a rating of Overweight and set a new price target of $51.00 from $102.00 previously
Bandwidth Inc. Insider Purchases
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
Director Roush Lukas M. bought $80,000 worth of shares (4,963 units at $16.12), increasing direct ownership by 13% to 43,167 units (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
Bandwidth Inc. Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
Controller, PAO Krupka Devin M converted options into 1,842 shares and sold $8,259 worth of shares (544 units at $15.18), increasing direct ownership by 7% to 20,486 units (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
Director Murdock John C. gifted 52,409 shares (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
Chairman & CEO Morken David A. gifted 142,439 shares, closing all direct ownership in the company (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
General Counsel Asbill Richard Brandon sold $150,583 worth of shares (9,878 units at $15.24), decreasing direct ownership by 19% to 42,475 units (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
Controller, PAO Krupka Devin M converted options into 11,545 shares and sold $59,175 worth of shares (3,770 units at $15.70), increasing direct ownership by 68% to 19,188 units (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
Chief Information Officer Ross Kade converted options into 15,645 shares and sold $76,614 worth of shares (4,881 units at $15.70), increasing direct ownership by 21% to 63,180 units (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
Chief People Officer Bottorff Rebecca converted options into 20,079 shares and sold $227,202 worth of shares (14,532 units at $15.63), increasing direct ownership by 11% to 54,687 units (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
General Counsel Asbill Richard Brandon converted options into 18,745 shares and sold $166,680 worth of shares (10,751 units at $15.50), increasing direct ownership by 18% to 52,353 units (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
Chief Operating Officer Agarwal Devesh converted options into 21,112 shares and sold $102,622 worth of shares (6,538 units at $15.70), increasing direct ownership by 38% to 53,413 units (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
Chief Financial Officer Raiford Daryl converted options into 41,526 shares and sold $420,174 worth of shares (27,109 units at $15.50), increasing direct ownership by 15% to 110,939 units (SEC Form 4)
4 - Bandwidth Inc. (0001514416) (Issuer)
Bandwidth Inc. SEC Filings
SEC Form 144 filed by Bandwidth Inc.
144 - Bandwidth Inc. (0001514416) (Subject)
SEC Form 144 filed by Bandwidth Inc.
144 - Bandwidth Inc. (0001514416) (Subject)
SEC Form 144 filed by Bandwidth Inc.
144 - Bandwidth Inc. (0001514416) (Subject)
SEC Form S-8 filed by Bandwidth Inc.
S-8 - Bandwidth Inc. (0001514416) (Filer)
SEC Form 10-K filed by Bandwidth Inc.
10-K - Bandwidth Inc. (0001514416) (Filer)
Bandwidth Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits
8-K - Bandwidth Inc. (0001514416) (Filer)
SEC Form 144 filed by Bandwidth Inc.
144 - Bandwidth Inc. (0001514416) (Subject)
SEC Form 144 filed by Bandwidth Inc.
144 - Bandwidth Inc. (0001514416) (Subject)
SEC Form 144 filed by Bandwidth Inc.
144 - Bandwidth Inc. (0001514416) (Subject)
Bandwidth Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
8-K - Bandwidth Inc. (0001514416) (Filer)
Bandwidth Inc. Leadership Updates
Live Leadership Updates
Bandwidth and its Employees Announce Hurricane Relief For Western North Carolina and Invite Customers To Participate
Donation of $100,000, 2:1 employee matching, support for employee volunteers and invitations to customers are efforts to mobilize the entire Bandwidth Community to help neighbors in N.C. RALEIGH, N.C., Oct. 17, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced a hurricane relief program for the company's neighbors in the impacted communities of western North Carolina. The program includes: An immediate company donation of $100,000 across four key charitable organizations recognized for their leadership
Bandwidth Inc. Financials
Live finance-specific insights
Bandwidth Announces Fourth Quarter and Full Year 2024 Financial Results
Reported quarterly and full year record revenue and record profitability Achieved net operating cash flow of $84 million and record free cash flow in 2024 RALEIGH, N.C., Feb. 20, 2025 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced financial results for the fourth quarter and full year ended December 31, 2024. "2024 was a transformative year for Bandwidth, delivering record financial results and groundbreaking product innovation," said David Morken, CEO of Bandwidth. "Our capabilities in Voice AI and ent
Bandwidth to Report Fourth Quarter and Full Year 2024 Financial Results on February 20, 2025
RALEIGH, N.C., Jan. 21, 2025 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the fourth quarter and full year ended December 31, 2024 before market open on Thursday, February 20, 2025. Bandwidth will offer a live webcast of the conference call on the Investor Relations section of the company's website at https://investors.bandwidth.com, where a replay will also be available shortly following the completion of the event. Conference call details: Date: Thursday, February 20, 2025 Time: 8:00 a.m. Eastern Time Dial-in number (domestic): 844-481-2707 Dial-in number (international):
Bandwidth to Report Third Quarter 2024 Financial Results on October 31, 2024
RALEIGH, N.C., Oct. 17, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the third quarter ended September 30, 2024 before market open on Thursday, October 31, 2024. Bandwidth will offer a live video webinar that can be accessed on the Investor Relations section of the company's website at https://investors.bandwidth.com, where a replay will also be available shortly following the completion of the event. Webinar details:Date: Thursday, October 31, 2024Time: 8
Bandwidth Announces Second Quarter 2024 Financial Results
Revenue of $174 million, up 19% year-over-year Accelerating profitability, exceeding guidance Expanding cash flow generation RALEIGH, N.C., Aug. 1, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced financial results for the second quarter ended June 30, 2024. "We're pleased to report a very strong first half, making significant progress toward our plan for 2024. In the second quarter, we delivered solid revenue growth while accelerating profitability and cash flow," said David Morken, CEO of Bandwidth.
Bandwidth to Report Second Quarter 2024 Financial Results on August 1, 2024
RALEIGH, N.C., July 16, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the second quarter ended June 30, 2024 before market open on Thursday, August 1, 2024. Bandwidth will offer a live webcast of the conference call on the Investor Relations section of the company's website at https://investors.bandwidth.com, where a replay will also be available shortly following the completion of the conference call. Conference call details:Date: Thursday, August 1, 2024Time: 8:00 a.m. Eastern TimeDial-in number (domestic): 844-481-2707Dial-in number (international): 412-317-0663 Replay
Bandwidth Announces First Quarter 2024 Financial Results
Exceeded revenue and profitability guidance ranges Raising full year 2024 guidance for revenue and profitability Upsized revolving credit facility to $100 million with 5 year term Repurchased $140 million of 2026 convertible notes at a discount RALEIGH, N.C., May 7, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced financial results for the first quarter ended March 31, 2024. "We've had an impressive start to 2024, exceeding our initial forecasts and raising our projections for the remainder of the year. Our direct-to-enterprise business has shown robust growth, marking a 20 percent increase in the first quarter," sa
Bandwidth to Report First Quarter 2024 Financial Results on May 7, 2024
RALEIGH, N.C., April 23, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the first quarter ended March 31, 2024 before market open on Tuesday, May 7, 2024. Bandwidth will offer a live webcast of the conference call on the Investor Relations section of the company's website at https://investors.bandwidth.com, where a replay will also be available shortly following the completion of the conference call. Conference call details:Date: Tuesday, May 7, 2024Time: 8:00 a.m. Eastern TimeDial-in number (domestic): 844-481-2707Dial-in number (international): 412-317-0663 Replay infor
Bandwidth Announces Fourth Quarter and Full Year 2023 Financial Results, Exceeding Revenue and Profitability Guidance
Achieved 39% profitability growth, net operating cash flow of $39 million and record Free Cash Flow in 2023 Expects 16% revenue growth and 50% profitability growth in 2024 RALEIGH, N.C., Feb. 28, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced financial results for the fourth quarter and full year ended December 31, 2023. "We are proud to conclude 2023 with outstanding results, reflecting our commitment to innovation in cloud communications and profitable growth. Thanks to the disciplined execution of the team in the fourth quarter we surpassed our guidance and set new records in profitability," said David Morken,
Bandwidth to Report Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024
RALEIGH, N.C., Feb. 8, 2024 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced it will report its financial results for the fourth quarter and full year ended December 31, 2023 before market open on Wednesday, February 28, 2024. Bandwidth will offer a live webcast of the conference call on the Investor Relations section of the company's website at https://investors.bandwidth.com, where a replay will also be available shortly following the completion of the conference call. Conference call details:Date: Wednesday, February 28, 2024Time: 8:00 a.m. Eastern TimeDial-in number (domestic): 844-481-2707Dial-in number (internation
Bandwidth Announces Second Quarter 2023 Financial Results
Second quarter revenue and profitability exceeded guidance ranges Messaging revenue up 11% year-over-year RALEIGH, N.C., Aug. 2, 2023 /PRNewswire/ -- Bandwidth Inc. (NASDAQ:BAND), a leading global enterprise cloud communications company, today announced financial results for the second quarter ended June 30, 2023. "I am pleased with our business performance and financial results in the second quarter of 2023 demonstrating solid execution and a focus on serving our customers through a challenging economic environment," said David Morken, Bandwidth's Chief Executive Officer. "Looking to the remainder of the year, we will maintain our strong focus on disciplined execution and expanded profitabi
Bandwidth Inc. Large Ownership Changes
This live feed shows all institutional transactions in real time.
SEC Form SC 13G/A filed by Bandwidth Inc. (Amendment)
SC 13G/A - Bandwidth Inc. (0001514416) (Subject)
SEC Form SC 13G/A filed by Bandwidth Inc. (Amendment)
SC 13G/A - Bandwidth Inc. (0001514416) (Subject)
SEC Form SC 13G/A filed by Bandwidth Inc. (Amendment)
SC 13G/A - Bandwidth Inc. (0001514416) (Subject)
SEC Form SC 13G/A filed by Bandwidth Inc. (Amendment)
SC 13G/A - Bandwidth Inc. (0001514416) (Subject)
SEC Form SC 13G/A filed by Bandwidth Inc. (Amendment)
SC 13G/A - Bandwidth Inc. (0001514416) (Subject)
SEC Form SC 13G/A filed by Bandwidth Inc. (Amendment)
SC 13G/A - Bandwidth Inc. (0001514416) (Subject)
SEC Form SC 13G/A filed by Bandwidth Inc. (Amendment)
SC 13G/A - Bandwidth Inc. (0001514416) (Subject)
SEC Form SC 13G/A filed by Bandwidth Inc. (Amendment)
SC 13G/A - Bandwidth Inc. (0001514416) (Subject)
SEC Form SC 13G/A filed by Bandwidth Inc. (Amendment)
SC 13G/A - Bandwidth Inc. (0001514416) (Subject)
SEC Form SC 13G filed by Bandwidth Inc.
SC 13G - Bandwidth Inc. (0001514416) (Subject)