Welcome to our dedicated page for Bandwidth news (Ticker: BAND), a resource for investors and traders seeking the latest updates and insights on Bandwidth stock.
Bandwidth Inc. (NASDAQ: BAND) is a global cloud communications software and CPaaS company whose news flow centers on enterprise voice, messaging and AI-powered communications. As a public company, Bandwidth regularly issues press releases and SEC-related announcements about its financial results, platform developments and customer initiatives.
News about Bandwidth often includes quarterly earnings releases and related conference call details, where the company discusses revenue trends, usage-based communications activity and metrics such as Adjusted EBITDA. These updates provide insight into how demand for its Communications Cloud, voice and messaging services, and software-driven offerings is evolving over time.
Bandwidth’s news stream also highlights product and platform developments. Recent announcements have focused on its Bandwidth AI strategy, Voice AI offerings, AI-powered services such as AI Receptionist and AI Activation Agent, and integrations with technologies like OpenAI’s Realtime API to support conversational AI voice agents. The company also reports on enhancements to its Trust Services, Number Reputation Management and advanced messaging capabilities, as well as partnerships such as its collaboration with Out There Media to support RCS for Business campaigns.
In addition, Bandwidth publishes customer stories and event-related news. Examples include enterprise cloud migration case studies, customer roundtables on AI-era fraud and compliance, and details about Reverb, its annual product keynote and customer showcase. Investors and observers who follow BAND news can use this page to review these updates in one place and understand how Bandwidth positions its Communications Cloud, AI capabilities and trust-focused services in the global enterprise communications market.
Bandwidth Inc. (NASDAQ: BAND) announced a partnership with Comcast on August 4, 2020, to implement STIR/SHAKEN protocols for authenticated calls. This collaboration aims to combat robocalling and phone number spoofing, enhancing consumer protection. Bandwidth's CTO, Scott Mullen, emphasized the commitment to improving communication standards, while Comcast's Chris Wendt highlighted the importance of such partnerships to benefit telephone users. This initiative signifies a step forward in establishing a secure and trustworthy communications environment.
Bandwidth Inc. (NASDAQ: BAND) will participate in two upcoming virtual investor conferences. CFO Jeff Hoffman will speak at the Canaccord Genuity 40th Annual Growth Conference on August 12, 2020, at 3:30 p.m. ET. CEO David Morken will present at the KeyBanc Capital Markets Future of Technology Series on August 19, 2020, at 1:20 p.m. ET. Audiences can access the live webcast and its replay via the Bandwidth investor website.
Bandwidth reported a remarkable 35% revenue growth for Q2 2020, totaling $76.8 million, up from $56.8 million in Q2 2019. Key contributors included CPaaS revenue of $67.1 million, a 40% increase compared to the prior year. Despite a net loss of $(20.6) million, the company raised its full-year guidance, reflecting strong performance and an increase in active CPaaS customers to 1,900, a 30% rise year-over-year. Adjusted EBITDA rose to $5.5 million, significantly improving from $0.02 million in Q2 2019. Bandwidth’s non-GAAP net income was $3.1 million, or $0.13 per share.
Bandwidth (NASDAQ: BAND) and K4Connect have teamed up to enhance communication for senior living communities via the K4Community Hotline, a tool designed to keep residents and families updated during COVID-19. Launched in March, the hotline has been activated by 20 communities, managing over 280 calls daily. This collaboration aims to provide essential information such as safety protocols and community updates, relieving caregiver stress. Bandwidth's API supports this scalable solution, which is crucial as communities prepare for further COVID-19 impacts.