Bandwidth Inc. - BAND STOCK NEWS

Bandwidth Inc. (NASDAQ: BAND) has announced the launch of Bandwidth Maestro, a groundbreaking cloud communications platform aimed at easing the integration of voice apps within unified communications and AI systems. Set to launch in Q3 2023, Maestro promises to streamline cloud migrations, enhance customer experiences, and reduce operational complexities. It features pre-built integrations with leading CCaaS and UCaaS platforms and is expected to significantly benefit enterprises by providing customizable global communications workflows. Maestro has already been recognized as a finalist for multiple awards at the Enterprise Connect Conference, underscoring its market impact.

Bandwidth Inc. (NASDAQ: BAND) has announced the repurchase of $65 million of its 0.250% Convertible Senior Notes due 2026 at a 22% discount to par value. This agreement will reduce the outstanding principal from $400 million to approximately $175 million. The repurchase, expected to close on March 6, 2023, is part of Bandwidth's strategy to strengthen its capital structure, enhancing shareholder value. The CEO highlighted the proactive approach in debt reduction, emphasizing a disciplined financial strategy and an ability to manage future obligations effectively.

Bandwidth (NASDAQ: BAND) is expanding its long-standing partnership with Amazon Web Services (AWS) to enhance the Bandwidth Communications Cloud using the Amazon Chime SDK. This initiative aims to accelerate innovation, support Global 2000 enterprises in migrating voice and text services to the cloud, and reduce operational costs. Bandwidth’s engineering team will focus on integrating machine-learning capabilities for real-time communication. The collaboration is expected to improve user experience and streamline digital transformation, signaling a positive shift towards more intelligent communication solutions in the enterprise sector.

Bandwidth Inc. (NASDAQ: BAND) reported its fourth quarter and full year 2022 earnings, exceeding revenue guidance by $10 million with total revenue of $157 million in Q4 and $573 million for the year. The company anticipates a 30% increase in Adjusted EBITDA for 2023. Despite macroeconomic challenges, Bandwidth saw strong demand, notably a $23 million boost from campaign messaging. Active customers grew to 3,405 with a dollar-based net retention rate of 112%. Looking ahead, Q1 2023 revenue guidance is set at $132-$134 million. Bandwidth will host its inaugural Investor Day, emphasizing its efforts in enterprise cloud migration.

Circonus has appointed Noreen Allen as its new CMO and Head of Strategy as of February 3, 2023. With over 20 years of experience in scaling tech companies, Allen previously served as CMO of Bandwidth (NASDAQ: BAND), where she helped increase revenue to $500M and led the company through a successful IPO. CEO Bob Moul highlighted Allen's transformational leadership and extensive experience in driving growth. Circonus aims to leverage its enhanced platform and strong customer base, including HBO and Major League Baseball, to capture the growing demand for monitoring and observability solutions.

Bandwidth Inc. (NASDAQ: BAND) will disclose its financial results for Q4 and the full year ending December 31, 2022, before markets open on February 23, 2023. Alongside this announcement, a virtual Investor Day is scheduled for the same date from 8:30 AM to 10:00 AM ET, featuring presentations by key executives including CEO David Morken. Investors can register for the event online and access a replay post-event on Bandwidth's investor relations website. Bandwidth is recognized for its cloud communications solutions, supporting prominent companies like Cisco and Google with its robust APIs.

Bandwidth (NASDAQ: BAND) reported robust third-quarter 2022 results, surpassing revenue and non-GAAP EPS guidance. Revenue rose to $148 million from $131 million year-over-year, with a non-GAAP net income of $8 million. The company raised its full-year revenue outlook to $562-$564 million and non-GAAP EPS to $0.35-$0.37. Despite a slight decrease in gross margin, customer demand remained strong, contributing to a dollar-based net retention rate of 109%. Bandwidth also announced a significant repurchase of $160 million convertible notes at a discount, signaling strong cash management.

Bandwidth Inc. (NASDAQ: BAND) announces it will report its Q3 2022 financial results on November 1, 2022, after market close. The earnings call will be held at 5:00 p.m. Eastern Time, available via a live webcast on the company's Investor Relations website. A replay of the conference call will be offered until November 8, 2022. Bandwidth is a leading global communications software company, serving major clients like Cisco and Google by providing cloud-based voice, messaging, and emergency services.

Bandwidth (NASDAQ: BAND) has launched Call Assure™, a unique disaster recovery solution for U.S. toll-free calls. This service enhances their existing 5x-redundant toll-free offering by providing alternative routing independent of core networks, thus ensuring reliability during disruptions like natural disasters or cyberattacks. Call Assure simplifies management by allowing end-to-end control over toll-free numbers, supported by 24/7 monitoring and immediate re-routing. Bandwidth aims to improve customer experiences, as voice calls remain the preferred support channel for 68% of consumers.