Bandwith Inc. Rises to Three-Year High After Increase to Full-Year Outlook

Dow Jones05-01
 

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)

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