Bandwidth Reiterated FY24 Revenue Of $710M-$720M Vs $715.94M Est
Portfolio Pulse from Benzinga Newsdesk
Bandwidth has reiterated its FY24 revenue guidance of $710M-$720M, which is in line with the $715.94M estimate. The company also provided guidance for Q3 2024 with expected revenue of $180M-$184M and adjusted EBITDA of $18M-$20M.
August 01, 2024 | 10:37 am
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Bandwidth has reiterated its FY24 revenue guidance of $710M-$720M, aligning with the $715.94M estimate. The company also provided Q3 2024 guidance with expected revenue of $180M-$184M and adjusted EBITDA of $18M-$20M.
The reiteration of FY24 revenue guidance in line with estimates and the provision of Q3 2024 guidance indicates stability and predictability in Bandwidth's financial performance, which is likely to have a positive short-term impact on the stock price.
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