Q2 STOCKS TO BUY

Checking in with Bandwidth Stock After a Big Year

The software stock more than doubled in value in 2020

facebook X logo linkedin


Bandwidth Inc. (NASDAQ:BAND) is a software company focused that operates as a cloud-based communications platform service provider. Bandwidth provides software application programming interfaces (or APIs) for voice and messaging to companies like Alphabet (GOOGL), Microsoft (MSFT), Cisco Systems (CSCO), and Zoom Communications (ZM).

Bandwidth stock is a ways off its Oct. 13 record high of $198.60. However, the pullbacks BAND has encountered in November and currently this month have been contained by the shares' 160-day moving average. Year-over-year, the equity is up 123%. 

BAND Stock Chart

A short squeeze could help BAND return to those October highs. Short interest increased by almost 8% in the most recent reporting period and the 8.40 million shares sold short accounts for a healthy 26% of the stock's total available float. At BAND's average pace of trading, it would take more than eight days for shorts to buy back their bearish bets.

Despite its $3.9 billion market cap, Bandwidth is still in its early growing stages. Although the company is growing revenue consistently, the growth rate isn’t sufficient enough at the moment to warrant its current valuation. BAND generated revenue of about $250 million over the past 12 months, and has only grown its net profit by $95 million over the past four years. Nonetheless, Bandwidth stock is demonstrating an overall upward trajectory and positive figures, including a balance sheet with nearly twice their total debt amount in cash and cash equivalents.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter