Still, the somewhat common holding of Bandwidth stock in hedge funds is a positive sign to some that retail interest will follow.Īs for landmark corporate events, the recent acquisition of Voxbone for just over $500 million is a feather in Bandwidth’s cap. Others have been less enthusiastic, arguing that although 30 hedge funds held BAND in the third quarter of 2020, it wasn’t a top holding for hedge fund managers. Some analysts place Bandwidth in their top three tech holdings: “Given the fast-evolving communication landscape, Bandwidth lies at the heart of a massive movement,” wrote Nicholas Rossolillo near the end of last year, noting that other stocks in adjacent spaces, such as Twilio ( TWLO) and Zoom ( ZM), may be overbought, with BAND as a less discovered equity, looking at share price vis a vis trailing 12-month sales. Within a year share prices more than doubled in value.Īnd Bandwidth operates in more than 60 countries around the world, with over 700 employees which invites the question whether right now is the time to buy? Is Bandwidth Stock A Buy? In 2020, its shares were valued at around $65 per share. The CPaaS space is one that investors are keeping an eye on now, as competing messaging venues compete for use.īandwidth is not a brand-new company – it was founded in 1999, and began publicly trading in 2017, where its equities were originally around $20 per share. Cloud services really took off within the past decade as a new way to provide functionality over the web. #Bandwidth stock price softwareIt provides software platforms for unifying messaging, and services that can optimize SIP or perform migrations for call routing in a centralized environment.īandwidth APIs for voice and data are useful in telecommunications, allowing for cross-platform messaging across different mobile environments.īandwidth also boasts the only tier one network of its kind, a network which can use settlement–free peering to reach any other Internet-connected network around the world.Įssentially, Bandwidth is one of many companies that operate on the basis of offering new cloud services. The Bandwidth company is in the business of CPaaS or Communications Platform as a Service. As a major cloud equity in today’s tech market, Bandwidth ( BAND) is getting some amount of attention from traders.
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