Bandwidth Inc Stock Price, News & Analysis

Bandwidth (NASDAQ: BAND) reported robust third-quarter 2022 results, surpassing revenue and non-GAAP EPS guidance. Revenue rose to $148 million from $131 million year-over-year, with a non-GAAP net income of $8 million. The company raised its full-year revenue outlook to $562-$564 million and non-GAAP EPS to $0.35-$0.37. Despite a slight decrease in gross margin, customer demand remained strong, contributing to a dollar-based net retention rate of 109%. Bandwidth also announced a significant repurchase of $160 million convertible notes at a discount, signaling strong cash management.

Bandwidth Inc. (NASDAQ: BAND) announces it will report its Q3 2022 financial results on November 1, 2022, after market close. The earnings call will be held at 5:00 p.m. Eastern Time, available via a live webcast on the company's Investor Relations website. A replay of the conference call will be offered until November 8, 2022. Bandwidth is a leading global communications software company, serving major clients like Cisco and Google by providing cloud-based voice, messaging, and emergency services.

Bandwidth (NASDAQ: BAND) has launched Call Assure™, a unique disaster recovery solution for U.S. toll-free calls. This service enhances their existing 5x-redundant toll-free offering by providing alternative routing independent of core networks, thus ensuring reliability during disruptions like natural disasters or cyberattacks. Call Assure simplifies management by allowing end-to-end control over toll-free numbers, supported by 24/7 monitoring and immediate re-routing. Bandwidth aims to improve customer experiences, as voice calls remain the preferred support channel for 68% of consumers.

Bandwidth (NASDAQ: BAND) has expanded its partnership with GoTo, making it the primary global communications provider for GoTo's services. This collaboration will supply GoTo with a comprehensive suite of cloud-native voice, messaging, and emergency services, aimed at supporting nearly one million customers. GoTo's expansion strategy includes enhancing its unified communications platform, GoTo Connect, to ensure reliability and scalability as it grows into new markets.

Bandwidth (NASDAQ: BAND) announced the launch of Send-To, a new messaging app that enables enterprise users to send SMS texts directly from Microsoft Teams, enhancing work collaboration. This app expands on Bandwidth's Duet offering, streamlining communications and reducing the reliance on personal devices for business messaging. Camden Property Trust is among the first users, reporting a significant reduction in recruiting time. The Send-To app aims to improve efficiency, privacy, and user control, solidifying Bandwidth's partnership with Microsoft for cloud communication solutions.

Bandwidth Inc. (NASDAQ: BAND) reported its second quarter 2022 results, delivering total revenue of $136 million, an increase from $121 million in Q2 2021. The gross margin for the quarter was 41%, down from 44% year-over-year, while net loss narrowed to $6 million compared to $7 million a year prior. The company maintained its full-year guidance, projecting total revenue between $551 million to $557 million. Bandwidth showcased its commitment to enterprise customers, gaining multiple high-profile clients and achieving global ISO 27001:2013 certification for information security.

Bandwidth Inc. (NASDAQ: BAND), a global enterprise cloud communications company, will report its second-quarter financial results for the period ending June 30, 2022, after market close on August 3, 2022. A live webcast of the earnings call will occur on the same date at 5:00 p.m. Eastern Time, with details available on their Investor Relations website. The call will include a Q&A session, and a replay will be accessible shortly after. Bandwidth provides cloud-ready voice, messaging, and emergency services with a network covering over 60 countries.

Bandwidth (NASDAQ: BAND) and Alianza Inc. have partnered to enhance cloud migration for communications service providers (CSPs) in the U.S. and Canada. This partnership aims to transform legacy infrastructure, allowing over 2000 CSPs to offer competitive cloud-based services like voice, messaging, and video conferencing. Currently, they serve more than 50 CSP customers, highlighting effective collaboration. The initiative addresses rising competition from over-the-top providers, ensuring CSPs maintain strong customer relationships and adapt to new market demands.