BAND reports a top-line expansion year over year, driven by healthy demand for its cloud communication services across several sectors.
Bandwidth Inc. (NASDAQ:BAND ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Sarah Walas - Vice President of Investor Relations David Morken - CEO Daryl Raiford - CFO John Bell - Chief Product Officer Conference Call Participants Jim Fish - Piper Sandler Will Power - Baird Pat Walravens - JMP Ryan Mac - Barclays Meta Marshall - Morgan Stanley David Morken Thank you, Sarah. Welcome to Bandwidth's Q3 2024 earnings call.
Bandwidth (BAND) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.23 per share a year ago.
Lam Research reported $3.87 billion in revenue last quarter, surpassing analyst expectations. Its strong operating margin of 29% and a return on equity of 45% indicate solid financial health. It will benefit from increasing demand for DRAM and NAND memory, driven by AI, Data Center and industries like automotive. Despite semiconductor industry cyclicality and geopolitical risks, Lam's leadership in AI-related semiconductor technology and solid financials make it a compelling long-term investment.
Bandwidth introduces bring-your-own-carrier program to eliminate challenges related to legacy communication systems and improve the experience of clients and employees.
Bandwidth has sold off sharply after posting Q2 results, despite beating estimates and showing stabilization in net retention rates. The company also recently repurchased a good chunk of its convertible debt at a significant gain. Despite short-term volatility, the company enjoys several long-term tailwinds, including a large TAM and continued expansion in profit margins driven by recent headcount optimization.
Shares are down 30% following the Q2 earnings report. Q2 earnings showed weaker growth but improved profitability and FCF generation. Growth is expected to improve in the next two quarters, boosted by political spending.
Bandwidth (BAND) reports a top-line expansion year over year, driven by healthy demand for its cloud communication services across several sectors.
Bandwidth Inc. (NASDAQ:BAND ) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Sarah Wallace – Vice President-Investor Relations David Morken – Chief Executive Officer Daryl Raiford – Chief Financial Officer Conference Call Participants Arjun Bhatia – William Blair Will Power – Baird Patrick Walravens – JMP Securities Meta Marshall – Morgan Stanley James Fish – Piper Sandler Eamon Coughlin – Barclays Operator Good day, and welcome to the Bandwidth Inc. Second Quarter 2024 Earnings Conference Call. Today all participants will be in a listen-only mode.
Bandwidth (BAND) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.16 per share a year ago.
The 2020s have been a rollercoaster so far, and who knows what the next ten years could hold for us. However, if we narrow the lens down to just the stock market, it's been nothing but stellar for the past year and a half.