News articles about Bandwidth (NASDAQ:BAND) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bandwidth earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.4048845900198 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
Shares of Bandwidth (BAND) traded up $0.04 during midday trading on Friday, reaching $23.48. 131,000 shares of the company were exchanged, compared to its average volume of 113,757. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of -2.45. Bandwidth has a 52-week low of $18.05 and a 52-week high of $24.99.
BAND has been the subject of a number of analyst reports. Morgan Stanley set a $28.00 price objective on shares of Bandwidth and gave the company a “buy” rating in a report on Saturday, December 16th. KeyCorp restated a “buy” rating and set a $29.00 price objective on shares of Bandwidth in a report on Thursday, December 14th. Canaccord Genuity initiated coverage on shares of Bandwidth in a report on Tuesday, December 5th. They set a “buy” rating and a $28.00 price objective for the company. JMP Securities initiated coverage on shares of Bandwidth in a report on Tuesday, December 5th. They set an “outperform” rating and a $36.00 price objective for the company. Finally, Robert W. Baird initiated coverage on shares of Bandwidth in a report on Tuesday, December 5th. They set an “outperform” rating and a $28.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus 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 that occurred on Tuesday, November 28th. The shares were sold at an average price of $18.60, for a total transaction of $2,948,583.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
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Bandwidth Inc, formerly Bandwidth.com, 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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