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Bandwidth Inc. - BAND STOCK NEWS

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 leading global communications software company focused on transforming the way people communicate. Unlike traditional telecom providers, Bandwidth leverages its cloud-based Communications Platform-as-a-Service (CPaaS) to enable enterprises to create, scale, and operate voice and messaging services across any application or device. The company is well-known for powering communications technologies used by giants like Google, Skype, and RingCentral.

Bandwidth's core business revolves around offering robust API solutions that facilitate a variety of communication services including voice calls, text messaging, and emergency services. Their revolutionary platform, Bandwidth Maestro™, provides a next-generation enterprise cloud communications environment designed to integrate real-time voice apps across unified communications, cloud contact centers, and AI platforms. This is achieved through their composable APIs, owner-operated network, and extensive regulatory experience

In recent news, Bandwidth announced financial results for Q3 2023, exceeding both revenue and profitability guidance. The company posted a revenue of $146 million and Adjusted EBITDA of $11 million for Q2 2023, followed by strong performance in Q3. Bandwidth also launched AIBridge, a solution developed in partnership with Google and Cognigy, which allows enterprises to deploy voice-based AI tools to enhance contact center operations.

Financially, Bandwidth is in a solid position. The company has shown a consistent pattern of profitable growth, with a notable increase in commercial messaging and enterprise businesses. They also managed to enhance their capital structure by upsizing their revolving credit facility to $100 million and repurchasing $140 million of their 2026 convertible notes at a discount.

Bandwidth's customer base spans over 65 countries and covers over 90% of global GDP. The company's award-winning support teams are renowned for helping businesses solve complex communication problems, ensuring that Bandwidth remains at the forefront of the cloud communications industry.

Looking forward, Bandwidth has set ambitious goals for 2024, including double-digit revenue growth and a significant increase in profitability. Their continuous focus on innovation and customer success positions them well to achieve their medium-term goals laid out at their Investor Day event.

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Bandwidth Inc. (BAND) will report its first-quarter 2024 financial results on May 7, 2024. The company, a global enterprise cloud communications leader, will host a live webcast of the conference call on its Investor Relations website. Dial-in numbers and replay details are provided for interested parties.
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Bandwidth Inc. (NASDAQ: BAND) wins two Stevie Awards for Customer Service Innovation and Customer Service Team of the Year. The awards recognize Bandwidth's exceptional support team achievements and commitment to customer service excellence.
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Bandwidth Inc. (NASDAQ: BAND) showcases solutions at Enterprise Connect Conference & Expo to empower IT leaders in cloud communications and customer experience. Key offerings include AI-ready cloud platform Maestro, AIBridge for voice-based AI tools, Visual Builder for call flow customization, Voice Authentication tools, Call Assure for disaster recovery, global messaging API, and more.
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Bandwidth Inc. announces 'The Texties,' an awards program honoring innovative business text messaging. With a 98% open rate, 3-minute response time, and 46% click-through rate, Bandwidth's messaging platform showcases customer engagement potential. Winners will be announced on May 9.
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Bandwidth Inc. (BAND) achieved a remarkable 39% profitability growth, with a net operating cash flow of $39 million and record Free Cash Flow in 2023. They anticipate a 16% revenue growth and 50% profitability growth in 2024, showcasing their commitment to innovation and profitable expansion in cloud communications.
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Bandwidth Inc. (NASDAQ: BAND) is set to report its financial results for the fourth quarter and full year ended December 31, 2023 on February 28, 2024. The company will host a live webcast of the conference call on its Investor Relations section of the website. Investors can access the replay shortly after the call. Details for the conference call and replay are provided in the press release.
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Bandwidth Inc. has announced that it exceeded its revenue and profitability guidance for the third quarter of 2023. The company is on track to achieve 30% annual growth in profitability and achieved record Free Cash Flow. Bandwidth's financial highlights for the quarter include a revenue of $152 million, a gross margin of 39%, and an adjusted EBITDA of $14 million. The company's outlook for the fourth quarter and full year 2023 is positive, with revenue guidance of $153-$155 million and adjusted EBITDA guidance of $15-$17 million.
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Bandwidth Inc. will report its financial results for Q3 2023 on November 2, 2023. A live webcast of the conference call will be available on the company's website.
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Bandwidth Inc. is partnering with Google and Cognigy to launch AIBridge, a tool that enables enterprises to deploy voice-based AI tools in front of their contact centers. AIBridge resolves calls faster in the communications cloud, improving customer experience and reducing operating costs. The first integrations include Cognigy and Google Cloud's Dialogflow. Potential cost savings are significant, with conversational AI projected to reduce contact center agent labor costs by $80 billion in 2026 and $240 billion by 2031.
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Bandwidth Inc. wins 'Best Places to Work' award in North Carolina
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FAQ

What is the current stock price of Bandwidth (BAND)?

The current stock price of Bandwidth (BAND) is $19.98 as of December 6, 2024.

What is the market cap of Bandwidth (BAND)?

The market cap of Bandwidth (BAND) is approximately 551.6M.

What does Bandwidth Inc. do?

Bandwidth Inc. is a global cloud communications company that enables enterprises to create, scale, and operate voice and messaging services across any application or device.

What is Bandwidth Maestro™?

Bandwidth Maestro™ is a next-generation enterprise cloud communications platform that integrates real-time voice apps across unified communications, cloud contact centers, and AI platforms.

Which prominent companies use Bandwidth's services?

Google, Skype, and RingCentral are among the notable companies that leverage Bandwidth's communication solutions.

How did Bandwidth perform financially in Q3 2023?

In Q3 2023, Bandwidth exceeded both revenue and profitability guidance, posting strong financial results and demonstrating robust growth.

What is Bandwidth AIBridge?

Bandwidth AIBridge is a solution developed with Google and Cognigy that enables enterprises to deploy voice-based AI tools to improve contact center efficiency.

What is Bandwidth's geographical reach?

Bandwidth operates in over 65 countries, covering more than 90% of global GDP.

How is Bandwidth enhancing its financial structure?

Bandwidth increased its revolving credit facility to $100 million and repurchased $140 million of their 2026 convertible notes at a discount.

What are Bandwidth's plans for 2024?

Bandwidth plans for double-digit revenue growth and significant profitability increases in 2024.

How does Bandwidth support its customers?

Bandwidth offers award-winning support teams that help businesses solve complex communication challenges and ensure successful operation of their communication services.

What makes Bandwidth unique in the CPaaS space?

Bandwidth is unique for its combination of composable APIs, owner-operated network, and broad regulatory experience, which enables seamless integration and innovation in cloud communications.

Bandwidth Inc.

Nasdaq:BAND

BAND Rankings

BAND Stock Data

551.58M
24.29M
4.65%
77.55%
3.51%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
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