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Canaccord Genuity Stick to Their Buy Rating for Bandwidth Inc

May 06, 2021 12:15AM ET
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Canaccord Genuity analyst Michael Walkley maintained a Buy rating on Bandwidth (NASDAQ:BAND) Inc on Wednesday, setting a price target of $227, which is approximately 87.12% above the present share price of $121.31.

Walkley expects Bandwidth Inc to post earnings per share (EPS) of -$0.81 for the second quarter of 2021.

The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Bandwidth, with an average price target of $195.5.
The analysts price targets range from a high of $227 to a low of $140.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $113.05 million and a net profit of -$12.22 million. The company's market cap is $3.03 billion.

According to TipRanks.com, Canaccord Genuity analyst Michael Walkley is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.0% and a 62.56% success rate.

Bandwidth, Inc. provides cloud-based communications services. It offers data Internet, voice/voice over Internet protocol, messaging. managed network, and conferencing services. The firm serves the telecom needs of small and medium businesses. It operates through the following business segments: CPaaS and Other. The CPaaS segment includes software-powered communication platform such as, voice calling and messaging services. The Other Segment provides legacy services. The company was founded by Henry Kaestner and David Morken in 1999 and is headquartered in Raleigh, NC.

Canaccord Genuity Stick to Their Buy Rating for Bandwidth Inc
 

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