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Public signal · 1-minute delayed
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What happened, with direct paths to the underlying reporting
- Bandwidth Inc. reported strong Q1 results exceeding estimates, attributed to growing enterprise reliance. - Quarterly revenues improved to $171 million with high demand for digital engagement. - Adjusted EBITDA was $15.9 million, exceeding guidance and up from prior year. - Bandwidth expects 2024 revenues of $710-720 million, up from previous estimates. - Bandwidth carries a Zacks Rank #4 (Sell) currently. Pinterest & Arista Networks have better rankings. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis
- Bandwidth Inc. reported strong Q1 results exceeding estimates, attributed to growing enterprise reliance.
- Quarterly revenues improved to $171 million with high demand for digital engagement.
- Adjusted EBITDA was $15.9 million, exceeding guidance and up from prior year.
- Bandwidth expects 2024 revenues of $710-720 million, up from previous estimates.
- Bandwidth carries a Zacks Rank #4 (Sell) currently. Pinterest & Arista Networks have better rankings.
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