Bandwidth Sees Q4 Revenue $198M-$208M vs $189.67M Est., Sees FY24 Revenue $737M-$747M vs $748.53M Est.
Portfolio Pulse from Benzinga Newsdesk
Bandwidth has provided its Q4 and FY24 revenue guidance. The company expects Q4 revenue to be between $198M and $208M, surpassing the estimated $189.67M. However, its FY24 revenue guidance of $737M-$747M falls short of the $748.53M estimate.
October 31, 2024 | 10:38 am
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NEUTRAL IMPACT
Bandwidth's Q4 revenue guidance exceeds expectations, but FY24 revenue guidance is slightly below estimates. This mixed outlook may lead to short-term volatility in BAND's stock price.
The Q4 revenue guidance of $198M-$208M is above the market estimate of $189.67M, which is positive news and could lead to a short-term price increase. However, the FY24 revenue guidance of $737M-$747M is below the $748.53M estimate, which could offset the positive impact. The mixed guidance suggests potential short-term volatility in BAND's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100