Bandwidth (BAND) Getting Somewhat Favorable Press Coverage, Analysis Finds
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:
- NeoPhotonics Issues Statement Regarding U.S. Department of Commerce Ruling on ZTE (businesswire.com)
- Zayo Plans New Data Center In London (techrockies.com)
- Global Ethernet Controller Market by Function, Bandwidth, Packaging, Application and Geography With Forecast To 2023 – ResearchAndMarkets.com (markets.financialcontent.com)
- Context Aware Encoding reduces bandwidth for Brightcove customers (financial-news.co.uk)
- Cheap web hosting services to help you claim a spot on the internet (mashable.com)
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.
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.
WARNING: This piece was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2018/04/17/bandwidth-band-getting-somewhat-favorable-press-coverage-analysis-finds.html.
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.
Receive News & Ratings for Bandwidth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bandwidth and related companies with MarketBeat.com's FREE daily email newsletter.