Bandwidth (BAND) Earning Somewhat Favorable News Coverage, Analysis Shows

News articles about Bandwidth (NASDAQ:BAND) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Bandwidth earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.4825708214637 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Bandwidth (NASDAQ:BAND) traded up $1.04 during trading hours on Thursday, hitting $24.07. The stock had a trading volume of 121,100 shares, compared to its average volume of 151,361. Bandwidth has a one year low of $18.05 and a one year high of $24.99. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of -2.45.

Several analysts have recently weighed in on the company. Morgan Stanley set a $28.00 price objective on Bandwidth and gave the stock a “buy” rating in a report on Saturday, December 16th. KeyCorp reissued a “buy” rating and set a $29.00 price objective on shares of Bandwidth in a report on Thursday, December 14th. Robert W. Baird assumed coverage on Bandwidth in a report on Tuesday, December 5th. They set an “outperform” rating and a $28.00 price objective on the stock. Canaccord Genuity assumed coverage on Bandwidth in a report on Tuesday, December 5th. They set a “buy” rating and a $28.00 price objective on the stock. Finally, JMP Securities assumed coverage on Bandwidth in a report on Tuesday, December 5th. They set an “outperform” rating and a $36.00 price objective on the stock. Five equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $29.80.

In related news, major shareholder James A. Bowen sold 158,526 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $18.60, for a total value of $2,948,583.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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Bandwidth Company Profile

Bandwidth Inc, formerly, Inc, is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other.

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