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Tuesday, October 20, 2020

Bandwidth Inc. (NASDAQ:BAND) on the Path to Profitability

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Bandwidth Inc. (BAND) shares are trading at higher $150.06 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $167.14.

To add more color to this target, the company’s high over the last year is $172.33 and the low is $42.61. Over the last 52 weeks, BAND is up 108.79% while the S&P 500 is up 11.54%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BAND reported a profit of $34.78 million. Bandwidth Inc. also saw revenues increase to $76.79 million. In addition, BAND has free cash flow of -$9.36 million as of 06-2020. The company’s EBITDA came in at $8.81 million which compares well with its peers.

BAND booked profit margins of -9.20%, its Return on Equity (ROE) is -8.40%, and its Return on Assets is -5.00%. All told, it is clear that, BAND needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BAND has a short ratio of 8.24 and outstanding shares of 23.97M.

Company Outlook

BAND has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -1.03. Bandwidth Inc. BAND also noted assets of $657.96 million at the end of the last quarter. Investors should also keep an eye on sector updates as BAND has historically followed its peers on positive news.

All told, Bandwidth Inc. BAND has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BAND represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Bandwidth Inc. BAND is now commanding a market cap of 3.82B and a float of 19.45M. BAND is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BAND stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BAND, either long or short, and we have not been compensated for this article.

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