Bandwidth Inc Stock Price, News & Analysis

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.

Bandwidth Inc. (NASDAQ: BAND) has appointed Karl Perkins as Chief Innovation Officer, aiming to enhance its cloud communications technology. Perkins, previously at Avaya, will focus on driving transformational research and developing a differentiated product roadmap. His expertise in customer engagement and innovative solutions is expected to support Bandwidth's growth strategy. COO Anthony Bartolo emphasized Perkins’ reputation and leadership skills, positioning him to enhance customer partnerships and strengthen the company's global network.

Bandwidth Inc. (NASDAQ: BAND) reported a 16% year-over-year revenue increase to $131 million for Q1 2022. The company achieved a 114% dollar-based net retention rate and reported a net loss of $7 million, compared to a $5 million loss in Q1 2021. Non-GAAP net income was $3 million, down from $8 million. The gross margin dipped to 42%, while non-GAAP gross margin increased to 53%. Bandwidth raised its full-year 2022 revenue outlook to $551-$557 million and projected non-GAAP EPS of $0.10-$0.14.

Bandwidth Inc. (NASDAQ: BAND) will release its first quarter 2022 financial results after market close on May 4, 2022. The company, recognized as a leader in enterprise cloud communications, has a global network covering over 60 countries. Investors can access a live webcast of the earnings call at 4:30 p.m. ET on the same day. A replay will be available shortly after, lasting until May 11, 2022. Bandwidth's services are utilized by major companies like Cisco, Google, and Microsoft to enhance their communication capabilities.

Bandwidth Inc. (NASDAQ: BAND) has appointed Sandy Preizler as the Chief Revenue Officer, effective April 18, 2022. Preizler brings over 25 years of experience, having successfully driven revenue and profitability at major firms like NCR, Avaya, and Cisco. His achievements include managing nearly $1 billion in sales at NCR and growing revenue to $1.1 billion at Avaya. Preizler aims to enhance Bandwidth's performance-driven sales culture and capitalize on global market opportunities to accelerate growth and strengthen customer relationships.

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.