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 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.
Bandwidth (NASDAQ: BAND) reported preliminary Q3 2021 revenue of approximately $131 million, up 54% year-over-year, exceeding guidance of $123.6-$124.6 million. CPaaS revenue reached $107.4 million, a 46% increase from the prior year, despite a $0.7 million decline due to a DDoS attack. For 2021, the DDoS attack may decrease CPaaS revenue by $9-$12 million. The final results will be released on November 8, 2021.
Bandwidth Inc. (NASDAQ: BAND) issued a statement addressing a recent DDoS attack affecting its services and the VoIP industry. Following mitigation efforts, the network has stabilized, with normal service levels restored by Sept. 29. CEO David Morken acknowledged customer support during this challenging time and emphasized ongoing collaboration to enhance the industry's defenses against such attacks. The company is committed to transparency and integrity while working with clients to maintain robust communication services. Bandwidth aims to share insights gained from this incident to improve overall ecosystem security.
Bandwidth Inc. (NASDAQ: BAND) has announced its participation as a charter member of Zoom's Phone Provider Exchange, enhancing its role as a cloud peering collaborator. This program allows Zoom's enterprise customers to 'Bring Your Own Carrier' (BYOC), enabling them to work directly with Bandwidth for SIP trunking and emergency services. Bandwidth aims to provide scalable and flexible telecommunications solutions across multiple platforms, including Zoom, Microsoft Teams, and RingCentral, while maintaining compliance with crucial regulations.