News stories about Bandwidth (NASDAQ:BAND) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bandwidth earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.4613882243657 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

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A number of brokerages have commented on BAND. Dougherty & Co began coverage on shares of Bandwidth in a research report on Tuesday, April 10th. They set a “buy” rating for the company. Robert W. Baird restated 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. Canaccord Genuity reaffirmed a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Bandwidth in a research note on Thursday, February 22nd. KeyCorp reaffirmed an “overweight” rating and set a $31.00 price target (up from $29.00) on shares of Bandwidth in a research note on Thursday, February 22nd. Finally, ValuEngine cut shares of Bandwidth from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.00.

Shares of NASDAQ:BAND traded up $0.19 on Tuesday, reaching $32.10. 48,413 shares of the company were exchanged, compared to its average volume of 95,362. Bandwidth has a 1-year low of $18.05 and a 1-year high of $33.23. The stock has a market cap of $562.48 and a PE ratio of 65.82.

Bandwidth (NASDAQ:BAND) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.11. The company had revenue of $42.47 million for the quarter, compared to analyst estimates of $41.69 million. During the same period last year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. analysts forecast that Bandwidth will post -0.14 EPS for the current year.

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Bandwidth Company Profile

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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