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Why Is Bandwidth (BAND) Stock Rocketing Higher Today [Yahoo! Finance]
Last monster beverage corporation earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations: investors.monsterbevcorp.com/events.cfm
Specifically, it was great to see Bandwidth's optimistic revenue guidance for the next quarter, which exceeded analysts' expectations. Full-year revenue guidance was raised. Its revenue, adjusted EBITDA, and EPS also outperformed Wall Street's estimates during the quarter. Overall, we think this was a strong quarter that should satisfy shareholders. Is now the time to buy Bandwidth? Access our full analysis report here, it's free What is the market telling us: Bandwidth's shares are very volatile and over the last year have had 39 moves greater than 5%. But moves this big are very rare even for Bandwidth and that is indicating to us that this news had a significant impact on the market's perception of the business. The biggest move we wrote about over the last year was 9 months ago, when the stock gained 11.6% on the news that the company reported an impressive "beat and raise" quarter. Second-quarter results exceeded Wall Street's estimates for revenue, adjusted EBITDA and ea
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