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 leader in cloud communications infrastructure, providing API-driven solutions for enterprise voice, messaging, and emergency services. This news hub offers investors and industry professionals centralized access to official updates and market developments.
Track critical announcements including quarterly earnings, product innovations like the Maestro platform, strategic partnerships, and regulatory compliance updates. Our curated collection ensures timely access to operational milestones that impact BAND's position in the CPaaS sector.
Key updates cover enterprise communications solutions, BYOC integrations, and network expansion across global markets. Content is organized for quick scanning while maintaining depth for professional analysis. Bookmark this page for reliable updates on Bandwidth's progress in transforming business communications through cloud technology.
Bandwidth Inc. (NASDAQ: BAND) announced the largest bring-your-own-carrier (BYOC) ecosystem in the world at its Reverb24 global livestream. This expansion gives enterprises more flexibility in solving complex communications challenges. The BYOC program, integrated with Bandwidth's Maestro platform, allows companies to unbundle telephony components from SaaS platforms, offering increased functionality, quality, and cost savings.
Key integrations include Amazon Web Services, Google Cloud, Microsoft Teams, Zoom, and Cisco Webex. Bandwidth's ecosystem enables enterprises to replace legacy telecom carriers and on-premises equipment, simplifying cloud-to-cloud migrations. The company plans to add more partnerships, including Kore.AI and Omilia, to further enhance its AI-driven communication solutions.
Bandwidth Inc. (NASDAQ: BAND) is set to livestream the launch of its next-generation Universal Platform at the Reverb24 event on September 12, 2024, at 10:30 am EDT. The global enterprise cloud communications company will showcase new technologies, capabilities, and partnerships aimed at helping enterprises deliver seamless global experiences. Key highlights include:
- Upgraded global network services for easier market expansion
- New API-driven workflow automation
- Innovative use cases from customers and partners
- New business text messaging campaign management
- Streamlined Bandwidth Dashboard capabilities
- Future of Number Reputation Management
- Advancements in Rich Communication Services (RCS) and Rich Business Messaging (RBM)
Registration for the worldwide event is still open, with replay and content highlights available afterward.
Bandwidth Inc. (NASDAQ: BAND) has announced Reverb24, a free worldwide livestream event on September 12, 2024, at 10:30 am EDT. The event will showcase the launch of Bandwidth's next-generation Universal Platform and new technologies for enterprises to deliver seamless global experiences.
Key highlights of Reverb24 include:
- New features and upgraded capabilities for the Universal Platform
- New ways to automate workflows via APIs and pre-built integrations
- Innovative use cases from Bandwidth customers and partners
- A new system for managing business text messaging campaigns
- Streamlined capabilities within the Bandwidth Dashboard
- The future of Number Reputation Management, RCS, and RBM
Registration is now open for enterprise IT leaders, technical supervisors, SaaS product managers, and app developers.
Bandwidth Inc. (NASDAQ: BAND) reported strong Q2 2024 financial results, with revenue reaching $174 million, up 19% year-over-year. The company demonstrated accelerating profitability and expanding cash flow generation, exceeding guidance. Key highlights include:
- Non-GAAP Gross Margin improved to 56% from 55% in Q2 2023
- Adjusted EBITDA increased 77% to $19 million
- Free Cash Flow improved significantly to $18 million from $(1) million in Q2 2023
Bandwidth's CEO, David Morken, attributed the strong performance to the team's disciplined approach and innovative solutions like Maestro and AI Bridge. The company provided guidance for Q3 2024, projecting revenue between $180-$184 million and Adjusted EBITDA of $18-$20 million.
Bandwidth has won the 'Best CPaaS Platform' award at the UC Awards 2024, hosted by UC Today. This prestigious recognition highlights Bandwidth's innovative software solutions, Maestro™ and AIBridge, delivered through their Bandwidth Communications Cloud. The award acknowledges Bandwidth's contributions to advancing the CPaaS category and improving enterprise communications.
A panel of 16 cloud communications experts evaluated nominees based on product innovation, experience enhancement, and market execution. John Bell, Bandwidth's Chief Product Officer, emphasized how this award recognizes their unique software innovations that enable enterprises to accelerate time to value and improve customer experiences. The company's NASDAQ ticker symbol is BAND.
Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, has announced it will report its financial results for the second quarter ended June 30, 2024 before market open on Thursday, August 1, 2024. The company will host a live webcast of the conference call on its Investor Relations website, where a replay will also be available. The conference call is scheduled for 8:00 a.m. Eastern Time on August 1, 2024, with dial-in numbers provided for both domestic and international callers. A replay of the call will be available until August 8, 2024, accessible via specific dial-in numbers and a passcode.
Bandwidth Inc. announced the winners and finalists of 'The Texties,' an awards program honoring the best in business text messaging by Bandwidth customers. The program recognized innovators in e-commerce, education, patient engagement, and more, showcasing impressive results and impact using Bandwidth's text messaging platform.
Bandwidth Inc. exceeded revenue and profitability guidance ranges, raising full-year 2024 guidance. They upsized revolving credit facility to $100 million and repurchased $140 million of 2026 convertible notes at a discount. The direct-to-enterprise business showed robust growth with a 20% increase in the first quarter. Bandwidth's financial results for Q1 2024 revealed increased revenue, gross margin, and adjusted EBITDA compared to Q1 2023. The company won two Stevie Awards for Customer Service Innovation and Team of the Year. Bandwidth provided financial outlook for Q2 2024 and full year 2024, expecting revenue and adjusted EBITDA growth. Anthony Bartolo will be leaving his position as Chief Operating Officer. The company expanded its credit facility and repurchased convertible notes.
FAQ
What is the current stock price of Bandwidth (BAND)?
What is the market cap of Bandwidth (BAND)?
