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Bandwidth, Inc. (BAND)
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-06-15
Watch· this week
$52.83-19.15%
Close 2026-06-15 · 1-day change
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is weak, while management's recent track record has been steady and capital-friendly. Earnings quality cannot be assessed since the company was unprofitable over the past year. Peer multiples imply a price about 3% below where it trades (it looks expensive on this basis); the read is fair, but weakening. If BAND reverses and cuts guidance after recently raising, that would be a credibility hit on top of the lower number. This read is provisional.
as of 2026-06-15
Quick facts
- Exchange
- NASDAQ
- Sector
- Information Technology
- Industry
- Software - Infrastructure
- Market cap
- $2.09B
- Employees
- 1,100
- IPO date
- 2017-10-13
- Next earnings
- —
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 6 valuation methods, at three horizons. Current price $52.83. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfull
$51.23consensus
Range $45.95 – $57.29
vs price: +3% above
Method agreement — · 6 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$122.39consensus
Range $106.82 – $139.46
vs price: -57% below
Method agreement — · 4 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Re-ratingmedium confidence
At $53 BAND trades at 36× p/e — 1.3× the 28× p/e peer median. The market is re-rating it beyond its own range; our $52 fair value is medium-confidence here. Not investment advice.
Multiple (P/E)
35.9x
peer 27.5x · own history —
Premium
1.3x peer
Growth the price needs
2%
our forecast 4%
Our fair value
$51.71
range $45.95 – $57.53
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fullfair — but weakening12-month view
What's priced inJustified
The market is pricing in roughly 2% near-term growth, in line with our forecast of about 4%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
weakOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 63% of the time over the next year (vs 62% for the rest of the cohort, n=2777).
10th pctl · Information Technology
Earnings quality
loss makingOver the trailing year it converted -20.07x of net income into operating cash flow.
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
Management & capital allocation
stableEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Strongly bullishEPS revised +8.3% / 30d, n=5for period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.34 → $0.36 (+8.3% / 30d). 2 raised, 1 cut, 5 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 80% of analysts rate Buy.
Material events
0 positive, 0 negative / 30d.
Sector context
Intermediate · WeeklySector phase: information technology is in maturing, with decelerating (~0.2 years in phase).
Sector regime (90d momentum): tailwind.Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- neutral
- Earnings discipline
- neutral
- Margin discipline
- strong
- Balance sheet
- neutral
- Post-call reaction
- neutral
Met or beat guidance 100% of the last 1 guided quarters · 22.6% avg surprise
as of 2026-06-15
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$245.
How much price usually moves either way.
On a bad day, this stock has moved -$480.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,991.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-15
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- DownsideHigh confidenceMonthsactive 4d
Watch for revenue growth dropping below median
Why it matters: A drop in revenue growth signals a potential slowdown in the sector. This could hurt investor confidence.
What confirms / what disproves
Confirms:Revenue growth reported below the median for the sector.
Disproves:Revenue growth remains above the median for the sector.
Sector context
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for BAND yet.
This sector is also watching
- Watch for revenue growth in IT sector dropping below median
- Watch for FOMC decisions impacting tech investment
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for BAND and other Tech names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If sector bellwethers like MSFT, ORCL, and PLTR keep beating earnings and guiding higher, the Tech sector momentum should keep lifting BAND and other Tech names. Worth watching these names for early signals.
Downside triggers
- If BAND reverses and cuts guidance after recently raising (RAISED as of 2026-04-30), that's the worst kind of move: a credibility hit on top of the lower number. Stocks usually get punished disproportionately for this.
- If sector bellwethers like MSFT, ORCL, and PLTR start missing or guiding lower, the Tech tailwind helping BAND and other Tech names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits BAND and other Tech names harder than the average stock, since the sector is growth-sensitive.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-06-152d agoItem 8.01
Other Events. On June 15, 2026, Bandwidth Inc. issued a press release announcing its proposed private offering of $275 million principal amount of convertible senior notes due 2032 pursuant to Rule 144A under the Securities Act of 1933, as amended. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Capital allocationneutral
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+5.2 vs last weeklatest as of 2026-06-16
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.