Bandwidth Beats Q3 Earnings Estimates on Solid Revenue Growth

Zacks11-01

Bandwidth Inc. BAND reported impressive third-quarter 2024 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See ...

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BAND reported impressive third-quarter 2024 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bandwidth-beats-q3-earnings-estimates-145600895.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bandwidth Beats Q3 Earnings Estimates on Solid Revenue Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBandwidth Beats Q3 Earnings Estimates on Solid Revenue Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-01 22:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bandwidth-beats-q3-earnings-estimates-145600895.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bandwidth Inc. BAND reported impressive third-quarter 2024 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bandwidth-beats-q3-earnings-estimates-145600895.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BAND","symbol_name":"Bandwidth Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/bandwidth-beats-q3-earnings-estimates-145600895.html","article_id":"2480832611","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/mGuBQSEtAf6ngeP4EMVA0Q--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/4d48d52d1d93359ad1f26ec41776e5ce"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480832611","pubTimestamp":1730472960,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Bandwidth Inc. BAND reported impressive third-quarter 2024 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The strong performance was backed by enterprises increasingly relying on Bandwidth’s platform for cloud communications. To drive growth, the company plans to focus on winning large enterprises and becoming the best global CPaaS  platform for scaling digital engagement. Focusing on strengthening profitability and expanding cash flow generation are positive factors.Motorola Solutions, Inc. MSI is scheduled to release third-quarter 2024 earnings on Nov. 7. The Zacks Consensus Estimate for earnings is pegged at $3.36 per share, indicating growth of 5.33% from the year-ago figure.Pinterest, Inc. PINS is scheduled to release thir","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BAND":"Bandwidth Inc.","MSI":"摩托罗拉解决方案"},"translate_title":"Bandwidth因收入稳健增长而超出第三季度盈利预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAND":0.9,"MSI":0.9},"content_text":"Bandwidth Inc. BAND reported impressive third-quarter 2024 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The strong performance was backed by enterprises increasingly relying on Bandwidth’s platform for cloud communications. To drive growth, the company plans to focus on winning large enterprises and becoming the best global CPaaS (Communications Platform as a Service) platform for scaling digital engagement. Focusing on strengthening profitability and expanding cash flow generation are positive factors.\nQuarter Details\nOn a GAAP basis, net income for the third quarter was $0.41 million or a penny per share against a net loss of $5.13 million or a loss of 20 cents per share in the prior-year quarter. The significant improvement in earnings was attributable to top-line growth.Excluding non-recurring items, non-GAAP net income during the reported quarter was $13 million or 43 cents per share compared with $6.66 million or 23 cents per share in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate by 9 cents.\n\nBandwidth Inc. Price, Consensus and EPS Surprise\n\nBandwidth Inc. price-consensus-eps-surprise-chart | Bandwidth Inc. Quote\n\nQuarterly revenues improved to $194 million from $152 million in the prior-year quarter. The growth was backed by high demand for digital engagement and strong contributions from messaging services across a variety of use cases, including health care, retail and e-commerce shopping, fintech and civic engagement. The top line exceeded the consensus estimate of $182 million.\nOperating Details\nNon-GAAP gross margin during the quarter was 58%, up from 55% a year ago. Favorable product mix and operational efficiency propelled the gross margin. Adjusted EBITDA was $24 million, well above the guidance and up from $13.8 million in the prior-year period.\nCash Flow & Liquidity\nIn the first nine months of 2024, Bandwidth generated $47.4 million in cash from operations against a cash utilization of $19.7 million in the prior-year period. Cash and cash equivalents, as of Sept. 30, 2024, were $74.9 million, with convertible senior notes of $281 million.\nGuidance\nFor the fourth quarter, revenues are expected to be between $198 million and $208 million. Adjusted EBITDA is anticipated to be in the band of $19 million to $21 million.For 2024, Bandwidth expects revenues in the band of $737 million to $747 million, with adjusted EBITDA in the range of $78 million to $80 million.\nBAND’s Zacks Rank\nBandwidth currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nUpcoming Releases\nMotorola Solutions, Inc. MSI is scheduled to release third-quarter 2024 earnings on Nov. 7. The Zacks Consensus Estimate for earnings is pegged at $3.36 per share, indicating growth of 5.33% from the year-ago figure. Pinterest, Inc. PINS is scheduled to release third-quarter 2024 earnings on Nov. 7. The Zacks Consensus Estimate for earnings is pegged at 34 cents per share, indicating growth of 21.4% from the year-ago figure. Light and Wonder LNW is scheduled to release third-quarter 2024 earnings on Nov. 12. The Zacks Consensus Estimate for earnings is pegged at $1.11 per share, indicating growth of 37% from the year-ago figure.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMotorola Solutions, Inc. (MSI) : Free Stock Analysis Report\nBandwidth Inc. (BAND) : Free Stock Analysis Report\nPinterest, Inc. (PINS) : Free Stock Analysis Report\nLight & Wonder, Inc. (LNW) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480832611"}