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) 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.
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