Bandwidth Expects Q3 Revenue Of $180M-$184M Vs $178.65M Est
Portfolio Pulse from Benzinga Newsdesk
Bandwidth Inc. (BAND) has provided its financial outlook for Q3 2024, expecting revenue between $180M and $184M, surpassing the estimated $178.65M. The company also provided full-year 2024 guidance with revenue projected between $710M and $720M and adjusted EBITDA between $72M and $76M.
August 01, 2024 | 10:36 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bandwidth Inc. (BAND) has provided a positive financial outlook for Q3 2024, expecting revenue between $180M and $184M, which is above the estimated $178.65M. The full-year 2024 guidance includes revenue between $710M and $720M and adjusted EBITDA between $72M and $76M.
The positive revenue guidance for Q3 2024, which surpasses market estimates, is likely to boost investor confidence and positively impact BAND's stock price in the short term. The full-year guidance further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100