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 leading global communications software company focused on transforming the way people communicate. Unlike traditional telecom providers, Bandwidth leverages its cloud-based Communications Platform-as-a-Service (CPaaS) to enable enterprises to create, scale, and operate voice and messaging services across any application or device. The company is well-known for powering communications technologies used by giants like Google, Skype, and RingCentral.
Bandwidth's core business revolves around offering robust API solutions that facilitate a variety of communication services including voice calls, text messaging, and emergency services. Their revolutionary platform, Bandwidth Maestro™, provides a next-generation enterprise cloud communications environment designed to integrate real-time voice apps across unified communications, cloud contact centers, and AI platforms. This is achieved through their composable APIs, owner-operated network, and extensive regulatory experience
In recent news, Bandwidth announced financial results for Q3 2023, exceeding both revenue and profitability guidance. The company posted a revenue of $146 million and Adjusted EBITDA of $11 million for Q2 2023, followed by strong performance in Q3. Bandwidth also launched AIBridge, a solution developed in partnership with Google and Cognigy, which allows enterprises to deploy voice-based AI tools to enhance contact center operations.
Financially, Bandwidth is in a solid position. The company has shown a consistent pattern of profitable growth, with a notable increase in commercial messaging and enterprise businesses. They also managed to enhance their capital structure by upsizing their revolving credit facility to $100 million and repurchasing $140 million of their 2026 convertible notes at a discount.
Bandwidth's customer base spans over 65 countries and covers over 90% of global GDP. The company's award-winning support teams are renowned for helping businesses solve complex communication problems, ensuring that Bandwidth remains at the forefront of the cloud communications industry.
Looking forward, Bandwidth has set ambitious goals for 2024, including double-digit revenue growth and a significant increase in profitability. Their continuous focus on innovation and customer success positions them well to achieve their medium-term goals laid out at their Investor Day event.
Bandwidth (BAND) reported strong Q3 2024 results, exceeding guidance with record revenue of $194 million, up 28% year-over-year. The company achieved an Adjusted EBITDA of $24 million, representing a 74% increase. Non-GAAP Gross Margin improved to 58% from 55% in Q3 2023. Free Cash Flow was $14 million. Based on these results, Bandwidth raised its full-year 2024 guidance, projecting revenue between $737-747 million and Adjusted EBITDA of $78-80 million. The company also introduced its next-generation Universal Platform and expanded its bring-your-own-carrier integrations ecosystem.
Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, has announced it will report its financial results for the third quarter ended September 30, 2024 before market open on Thursday, October 31, 2024. The company will host a live video webinar at 8:00 a.m. Eastern Time on the same day to discuss the results.
Investors and interested parties can access the webinar through the Investor Relations section of Bandwidth's website at https://investors.bandwidth.com. A replay of the webinar will also be available on the same page shortly after the event concludes.
Bandwidth Inc. (NASDAQ: BAND) announced the largest bring-your-own-carrier (BYOC) ecosystem in the world at its Reverb24 global livestream. This expansion gives enterprises more flexibility in solving complex communications challenges. The BYOC program, integrated with Bandwidth's Maestro platform, allows companies to unbundle telephony components from SaaS platforms, offering increased functionality, quality, and cost savings.
Key integrations include Amazon Web Services, Google Cloud, Microsoft Teams, Zoom, and Cisco Webex. Bandwidth's ecosystem enables enterprises to replace legacy telecom carriers and on-premises equipment, simplifying cloud-to-cloud migrations. The company plans to add more partnerships, including Kore.AI and Omilia, to further enhance its AI-driven communication solutions.
Bandwidth Inc. (NASDAQ: BAND) is set to livestream the launch of its next-generation Universal Platform at the Reverb24 event on September 12, 2024, at 10:30 am EDT. The global enterprise cloud communications company will showcase new technologies, capabilities, and partnerships aimed at helping enterprises deliver seamless global experiences. Key highlights include:
- Upgraded global network services for easier market expansion
- New API-driven workflow automation
- Innovative use cases from customers and partners
- New business text messaging campaign management
- Streamlined Bandwidth Dashboard capabilities
- Future of Number Reputation Management
- Advancements in Rich Communication Services (RCS) and Rich Business Messaging (RBM)
Registration for the worldwide event is still open, with replay and content highlights available afterward.
Bandwidth Inc. (NASDAQ: BAND) has announced Reverb24, a free worldwide livestream event on September 12, 2024, at 10:30 am EDT. The event will showcase the launch of Bandwidth's next-generation Universal Platform and new technologies for enterprises to deliver seamless global experiences.
Key highlights of Reverb24 include:
- New features and upgraded capabilities for the Universal Platform
- New ways to automate workflows via APIs and pre-built integrations
- Innovative use cases from Bandwidth customers and partners
- A new system for managing business text messaging campaigns
- Streamlined capabilities within the Bandwidth Dashboard
- The future of Number Reputation Management, RCS, and RBM
Registration is now open for enterprise IT leaders, technical supervisors, SaaS product managers, and app developers.
Bandwidth Inc. (NASDAQ: BAND) reported strong Q2 2024 financial results, with revenue reaching $174 million, up 19% year-over-year. The company demonstrated accelerating profitability and expanding cash flow generation, exceeding guidance. Key highlights include:
- Non-GAAP Gross Margin improved to 56% from 55% in Q2 2023
- Adjusted EBITDA increased 77% to $19 million
- Free Cash Flow improved significantly to $18 million from $(1) million in Q2 2023
Bandwidth's CEO, David Morken, attributed the strong performance to the team's disciplined approach and innovative solutions like Maestro and AI Bridge. The company provided guidance for Q3 2024, projecting revenue between $180-$184 million and Adjusted EBITDA of $18-$20 million.
Bandwidth has won the 'Best CPaaS Platform' award at the UC Awards 2024, hosted by UC Today. This prestigious recognition highlights Bandwidth's innovative software solutions, Maestro™ and AIBridge, delivered through their Bandwidth Communications Cloud. The award acknowledges Bandwidth's contributions to advancing the CPaaS category and improving enterprise communications.
A panel of 16 cloud communications experts evaluated nominees based on product innovation, experience enhancement, and market execution. John Bell, Bandwidth's Chief Product Officer, emphasized how this award recognizes their unique software innovations that enable enterprises to accelerate time to value and improve customer experiences. The company's NASDAQ ticker symbol is BAND.
Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, has announced it will report its financial results for the second quarter ended June 30, 2024 before market open on Thursday, August 1, 2024. The company will host a live webcast of the conference call on its Investor Relations website, where a replay will also be available. The conference call is scheduled for 8:00 a.m. Eastern Time on August 1, 2024, with dial-in numbers provided for both domestic and international callers. A replay of the call will be available until August 8, 2024, accessible via specific dial-in numbers and a passcode.
Bandwidth Inc. announced the winners and finalists of 'The Texties,' an awards program honoring the best in business text messaging by Bandwidth customers. The program recognized innovators in e-commerce, education, patient engagement, and more, showcasing impressive results and impact using Bandwidth's text messaging platform.
Bandwidth Inc. exceeded revenue and profitability guidance ranges, raising full-year 2024 guidance. They upsized revolving credit facility to $100 million and repurchased $140 million of 2026 convertible notes at a discount. The direct-to-enterprise business showed robust growth with a 20% increase in the first quarter. Bandwidth's financial results for Q1 2024 revealed increased revenue, gross margin, and adjusted EBITDA compared to Q1 2023. The company won two Stevie Awards for Customer Service Innovation and Team of the Year. Bandwidth provided financial outlook for Q2 2024 and full year 2024, expecting revenue and adjusted EBITDA growth. Anthony Bartolo will be leaving his position as Chief Operating Officer. The company expanded its credit facility and repurchased convertible notes.
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