Bandwidth Announces Second Quarter 2022 Financial Results Exceeding Guidance
Bandwidth Inc. - Class A (BAND)
Last bandwidth inc. - class a earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
investors.bandwidth.com/investor-relations
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Source: PR Newswire
RALEIGH, N.C., Aug. 3, 2022 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced financial results for the second quarter ended June 30, 2022."I am proud of the operating discipline that enabled us to deliver results that exceeded expectations on both the top and bottom line. Our second quarter results and customer wins demonstrate our execution and focus on serving enterprise customers amidst an uncertain macroeconomic environment," said David Morken, Bandwidth's Chief Executive Officer. "I am confident we are well positioned because we provide mission-critical cloud communications that reduce costs for large enterprises."Second Quarter 2022 Financial HighlightsThe following table summarizes the consolidated financial highlights for the three months ended June 30, 2022 and 2021 (in millions, except per share amounts). (1)Three months ended June 30,20222021Total Revenue$ 136$ 121Gross Margin(1)41 %
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News
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- Bandwidth Inc. (NASDAQ: BAND) had its price target raised by analysts at JMP Securities from $32.00 to $36.00. They now have a "market outperform" rating on the stock.MarketBeat
- Bandwidth Inc. (NASDAQ: BAND) had its price target raised by analysts at Barclays PLC from $22.00 to $28.00. They now have an "overweight" rating on the stock.MarketBeat
BAND
Earnings
- 5/7/24 - Beat
BAND
Sec Filings
- 5/10/24 - Form 144
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- BAND's page on the SEC website