Bandwidth Inc Stock Price, News & Analysis

Bandwidth Inc. (NASDAQ: BAND) announced a significant partnership with Pindrop, integrating its voice authentication technology into Bandwidth's cloud platform. This integration offers enterprise contact centers a swift transition to the cloud with built-in anti-fraud capabilities. The partnership is positioned as a response to a critical rise in fraud attacks and call volume, making it easier for businesses to enhance security while streamlining operations. Enterprises can utilize Bandwidth’s CCaaS solutions alongside Pindrop's technology to optimize their telecommunications infrastructure.

Bandwidth reported strong financial results for Q4 and the full year ended December 31, 2021. Total revenue for Q4 was $126 million, a rise from $113 million in 2020, while annual revenue surged to $491 million from $343 million. CPaaS revenue increased to $101 million in Q4 and $414 million for the year. Despite a net loss of $8 million for Q4, non-GAAP net income was $2 million. The company projected Q1 2022 revenue between $125-$127 million and full-year revenue of $547-$555 million while expecting an adverse impact of $16-$24 million from DDoS attacks.

Bandwidth Inc. (NASDAQ: BAND) has announced the appointment of Anthony Bartolo as Chief Operating Officer, effective Feb. 28, 2022. Bartolo brings over 30 years of experience in cloud communications, having held leadership roles at Avaya, Tata Communications, and Nortel. He is expected to drive new enterprise customer acquisition and enhance Bandwidth's position as a leading global communications platform. His previous role at Avaya saw an 11-fold increase in annual recurring revenue, indicating potential for growth at Bandwidth.

Bandwidth Inc. (NASDAQ: BAND) will report its financial results for Q4 and the full year ending December 31, 2021, post-market on February 23, 2022. A live conference call is scheduled for 5:00 p.m. ET, accessible via the Investor Relations section of their website. An audio replay will be available following the call, lasting until March 2, 2022. Bandwidth, a leader in global cloud communications, serves major clients like Cisco and Google through its robust CPaaS solutions.

Bandwidth Inc. (BAND) announced the launch of Duet for Genesys, a Bring Your Own Carrier (BYOC) solution designed to streamline enterprise contact centers' migration to the cloud. This collaboration with Genesys aims to simplify the complexities of managing on-premises equipment across multiple locations. Bandwidth's solution allows companies to retain essential call data while enhancing flexibility and scalability. Notably, it serves significant clients, including a Fortune 200 managed care provider and a global leader in electronic agreements, emphasizing the growing demand for cloud-based customer experience solutions.

Bandwidth (NASDAQ: BAND) has appointed Rebecca Bottorff, the Chief People Officer, to its board of directors, expanding the board to six members. Bottorff, with nearly 30 years of experience, has been pivotal in developing Bandwidth's unique culture and has played key roles during significant company milestones, including its IPO. She expresses excitement for this new chapter, emphasizing the importance of talent and culture in global competitiveness. This strategic move is expected to provide valuable insights as Bandwidth continues its growth trajectory.

Bandwidth Inc. (NASDAQ: BAND) announced three new partnerships enhancing its 911 emergency services capabilities ahead of the January 6, 2022 compliance deadline for the RAY BAUM'S Act. Collaborating with 911 Secure, 911inform, and 9Line Software, Bandwidth will offer a comprehensive emergency services solution tailored for large enterprises. These integrations will support popular IP-based communication systems. Bandwidth's services aim to ensure regulatory compliance while improving operational efficiency and safety for remote and on-site workers.

Bandwidth Inc. (NASDAQ: BAND) announced significant growth in healthcare digital communications post-pandemic, emphasizing its unified software platform for patient engagement. The company aids healthcare providers in transitioning legacy telephony to cloud solutions, enhancing accessibility and efficiency. Bandwidth recently secured a deal with a $16 billion Fortune 200 managed care provider to modernize its communications. The firm continues to serve leading patient engagement app developers, demonstrating its pivotal role in the telehealth transformation.

Bandwidth (NASDAQ: BAND) reported strong third quarter results for 2021, with CPaaS revenue increasing from $73.8 million to $107.4 million year-over-year. Total revenue rose to $130.6 million, up from $84.8 million. Despite a net loss widening from $2.4 million to $6.9 million and an adjusted EBITDA of $14.2 million, the company achieved a record non-GAAP CPaaS gross margin of 54%. The outlook for Q4 estimates CPaaS revenue between $94.5 million and $99.5 million. Key customer wins included a Fortune 200 managed care provider, enhancing business prospects.