By Christopher Kuo
Shares of Bandwith Inc. climbed after the cloud-communications software company raised its full-year outlook and posted an increase in first-quarter revenue.
The stock gained 43%, to $34.59, midday Thursday. The shares hit their highest level in at least three years at one point, reaching $35.80 apiece, before paring some of those increases.
Earlier Thursday, the company said it expects revenue of $880 million to $900 million for the full year, up from its previous guidance of $864 million to $884 million. The company also raised its guidance for full-year adjusted earnings per share to $1.77 to $1.83 from $1.66 to $1.74.
Analysts polled by FactSet are expecting full-year revenue of $880.1 million and adjusted per share earnings of $1.74.
For the fiscal second quarter, the company expects revenue of $214 million to $220 million and adjusted per-share earnings of 35 cents to 37 cents. Analysts are expecting second-quarter revenue of $211.6 million and adjusted per-share earnings of 35 cents.
The Raleigh, N.C., company swung to a first-quarter profit of $4.1 million, compared with a loss of $3.7 million a year earlier.
Adjusted earnings were 38 cents a share. Analysts polled by FactSet expected 30 cents a share.
Revenue rose to $208.8 million, from $174.2 million a year earlier. Analysts were expecting $201.6 million.
Demand for artificial-intelligence-driven enterprise tools, supported by Bandwith's products, helped to boost sales, the company said.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
April 30, 2026 13:03 ET (17:03 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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