Enterprise cloud communications provider Bandwidth Inc. (NASDAQ:BAND) has delivered a beat and a raise for the third quarter.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The top line increased by 13% year-over-year to $148 million, outperforming estimates by $7.5 million. EPS at $0.27 too, came in ahead of expectations by $0.24.
The company is aiming to deliver services to Global 2000 enterprises “with profitable growth.” Additionally, it is seeing buoyant customer demand while operating leverage helps it deliver on margins as well.
For Q4, the company now expects revenue to land between $146 million and $148 million. EPS is estimated between $0.03 and $0.05.
Shares are now up 56% in the past five days alone.
Read full Disclosure