Bandwidth Sees Q3 2023 Revenue $148M-$150M Vs $220.03M Est; Sees FY23 Revenue $588M-$592M Vs $864.52M Est
Portfolio Pulse from Benzinga Newsdesk
Bandwidth has projected its Q3 2023 revenue to be between $148M-$150M, which is significantly lower than the estimated $220.03M. The company also expects its FY23 revenue to be between $588M-$592M, falling short of the estimated $864.52M.

August 04, 2023 | 12:23 pm
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Bandwidth's projected revenues for Q3 2023 and FY23 are significantly lower than estimates, which could negatively impact its stock price.
Companies' stock prices are often influenced by their earnings projections. If a company's projected earnings are lower than what analysts have estimated, it can lead to a decrease in the company's stock price as investors may perceive this as a sign of financial instability or underperformance. In this case, Bandwidth's significantly lower revenue projections for Q3 2023 and FY23 could lead to a decrease in its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100