Bandwidth Inc. (BAND - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 28.5% in the past one-month time frame.
The upmove came after the company announced the upsizing and pricing of underwritten public offering of its Class A common stock.
The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Bandwidth currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Bandwidth Inc. Price
Investors interested in the Communication - Infrastructure industry may consider Calix, Inc. (CALX - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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