Bandwidth (BAND)
Market Price (4/30/2026): $24.44 | Market Cap: $753.3 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Bandwidth (BAND)
Market Price (4/30/2026): $24.44Market Cap: $753.3 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% Attractive yieldFCF Yield is 7.6% Megatrend and thematic driversMegatrends include Cloud Computing, 5G & Advanced Connectivity, and Digital Health & Telemedicine. Themes include Platform as a Service (PaaS), Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns2Y Excs Rtn is -9.5% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.9% Weak revenue growthRev Chg QQuarterly Revenue Change % is -1.1% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.7% Key risksBAND key risks include [1] vulnerability to service-disrupting cybersecurity attacks, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Attractive yieldFCF Yield is 7.6% |
| Megatrend and thematic driversMegatrends include Cloud Computing, 5G & Advanced Connectivity, and Digital Health & Telemedicine. Themes include Platform as a Service (PaaS), Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -9.5% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -14 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.9% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -1.1% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.7% |
| Key risksBAND key risks include [1] vulnerability to service-disrupting cybersecurity attacks, Show more. |
Qualitative Assessment
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Bandwidth (BAND) stock has gained about 55% since 12/31/2025 because of the following key factors:
1. Strong Q4 2025 Financial Results and Positive 2026 Outlook.
Bandwidth reported Adjusted EPS of $0.35 for Q4 2025, surpassing analyst estimates of $0.33 by 6.06%. Additionally, the company's Adjusted EBITDA reached $24.83 million, a 9% beat over estimates of $22.79 million. For the full year 2026, Bandwidth provided an optimistic outlook, projecting approximately 16% revenue growth and 29% Adjusted EBITDA growth. This robust performance and forward-looking guidance instilled investor confidence, leading to an 11.9% stock gain the day following the Q4 2025 earnings announcement.
2. Strategic Partnerships and AI-Driven Innovation.
A significant catalyst was Bandwidth's partnership announcement on March 27, 2026, to provide voice and messaging infrastructure for Salesforce's new Agentforce Contact Center. This collaboration positions Bandwidth as a critical infrastructure provider for AI-powered customer engagement, aligning with the company's broader strategy to integrate AI into its Communications Cloud through offerings like Voice AI and integrations with platforms such as OpenAI's Realtime API.
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1. Strong Q4 2025 Financial Results and Positive 2026 Outlook.
Bandwidth reported Adjusted EPS of $0.35 for Q4 2025, surpassing analyst estimates of $0.33 by 6.06%. Additionally, the company's Adjusted EBITDA reached $24.83 million, a 9% beat over estimates of $22.79 million. For the full year 2026, Bandwidth provided an optimistic outlook, projecting approximately 16% revenue growth and 29% Adjusted EBITDA growth. This robust performance and forward-looking guidance instilled investor confidence, leading to an 11.9% stock gain the day following the Q4 2025 earnings announcement.
2. Strategic Partnerships and AI-Driven Innovation.
A significant catalyst was Bandwidth's partnership announcement on March 27, 2026, to provide voice and messaging infrastructure for Salesforce's new Agentforce Contact Center. This collaboration positions Bandwidth as a critical infrastructure provider for AI-powered customer engagement, aligning with the company's broader strategy to integrate AI into its Communications Cloud through offerings like Voice AI and integrations with platforms such as OpenAI's Realtime API.
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Stock Movement Drivers
Fundamental Drivers
The 56.6% change in BAND stock from 12/31/2025 to 4/29/2026 was primarily driven by a 59.9% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 4292026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.45 | 24.20 | 56.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 756 | 754 | -0.3% |
| P/S Multiple | 0.6 | 1.0 | 59.9% |
| Shares Outstanding (Mil) | 30 | 31 | -1.8% |
| Cumulative Contribution | 56.6% |
Market Drivers
12/31/2025 to 4/29/2026| Return | Correlation | |
|---|---|---|
| BAND | 56.6% | |
| Market (SPY) | 5.2% | 32.3% |
| Sector (XLK) | 10.7% | 29.1% |
Fundamental Drivers
The 45.2% change in BAND stock from 9/30/2025 to 4/29/2026 was primarily driven by a 50.6% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 4292026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.67 | 24.20 | 45.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 758 | 754 | -0.6% |
| P/S Multiple | 0.7 | 1.0 | 50.6% |
| Shares Outstanding (Mil) | 30 | 31 | -3.0% |
| Cumulative Contribution | 45.2% |
Market Drivers
9/30/2025 to 4/29/2026| Return | Correlation | |
|---|---|---|
| BAND | 45.2% | |
| Market (SPY) | 8.0% | 39.2% |
| Sector (XLK) | 13.2% | 36.2% |
Fundamental Drivers
The 84.7% change in BAND stock from 3/31/2025 to 4/29/2026 was primarily driven by a 102.7% change in the company's P/S Multiple.| (LTM values as of) | 3312025 | 4292026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.10 | 24.20 | 84.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 748 | 754 | 0.7% |
| P/S Multiple | 0.5 | 1.0 | 102.7% |
| Shares Outstanding (Mil) | 28 | 31 | -9.5% |
| Cumulative Contribution | 84.7% |
Market Drivers
3/31/2025 to 4/29/2026| Return | Correlation | |
|---|---|---|
| BAND | 84.7% | |
| Market (SPY) | 29.3% | 44.2% |
| Sector (XLK) | 55.0% | 42.6% |
Fundamental Drivers
The 59.2% change in BAND stock from 3/31/2023 to 4/29/2026 was primarily driven by a 47.3% change in the company's P/S Multiple.| (LTM values as of) | 3312023 | 4292026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.20 | 24.20 | 59.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 573 | 754 | 31.5% |
| P/S Multiple | 0.7 | 1.0 | 47.3% |
| Shares Outstanding (Mil) | 25 | 31 | -17.8% |
| Cumulative Contribution | 59.2% |
Market Drivers
3/31/2023 to 4/29/2026| Return | Correlation | |
|---|---|---|
| BAND | 59.2% | |
| Market (SPY) | 81.5% | 36.8% |
| Sector (XLK) | 115.1% | 32.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BAND Return | -53% | -68% | -37% | 18% | -9% | 55% | -84% |
| Peers Return | -38% | -70% | 12% | -4% | -11% | 4% | -82% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 90% |
Monthly Win Rates [3] | |||||||
| BAND Win Rate | 33% | 25% | 42% | 50% | 50% | 75% | |
| Peers Win Rate | 35% | 23% | 52% | 47% | 52% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BAND Max Drawdown | -58% | -87% | -59% | -17% | -33% | -17% | |
| Peers Max Drawdown | -41% | -76% | -24% | -39% | -36% | -21% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TWLO, RNG, ZM, FIVN, EGHT. See BAND Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/29/2026 (YTD)
How Low Can It Go
| Event | BAND | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -95.0% | -25.4% |
| % Gain to Breakeven | 1919.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -26.6% | -33.9% |
| % Gain to Breakeven | 36.3% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -46.3% | -19.8% |
| % Gain to Breakeven | 86.3% | 24.7% |
| Time to Breakeven | 176 days | 120 days |
Compare to TWLO, RNG, ZM, FIVN, EGHT
In The Past
Bandwidth's stock fell -95.0% during the 2022 Inflation Shock from a high on 2/19/2021. A -95.0% loss requires a 1919.6% gain to breakeven.
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About Bandwidth (BAND)
Bandwidth Inc. operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates in two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or messaging communications services across various mobile applications or connected devices. The company also provides SIP trunking, data resale, and hosted voice over Internet protocol services. It serves large enterprises, communications service providers, conferencing providers, contact centers, small and medium-sized businesses, emerging technology companies, and many other businesses. Bandwidth Inc. was founded in 2000 and is headquartered in Raleigh, North Carolina.
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Here are a few analogies for Bandwidth:
- Twilio for enterprise communications.
- The AWS of voice and messaging.
- Stripe for voice and messaging.
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- CPaaS Platform (Communications Platform-as-a-Service): A cloud-based software platform that enables enterprises to embed voice and messaging communications capabilities into their applications and devices.
- SIP Trunking: A service that connects a company's private branch exchange (PBX) to the public switched telephone network (PSTN) using an internet connection.
- Data Resale: Provision of access to data connectivity services for various business needs.
- Hosted Voice over Internet Protocol (VoIP) Services: Cloud-based telephony services that allow businesses to make and receive calls over the internet without managing on-premise phone systems.
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Bandwidth (symbol: BAND) primarily sells its cloud-based CPaaS platform and services to other companies (Business-to-Business, B2B). Its platform is used by enterprises to power their voice and messaging communications services.
Here are some of Bandwidth's major customer companies:
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```html David Morken, Cofounder, Chief Executive Officer, and ChairmanDavid Morken founded Bandwidth in 1999. He also co-founded, served as Chairman, and was the former CEO of Republic Wireless, which was spun out of Bandwidth in 2016 and acquired by Dish Network in 2021. Morken is a co-founder of Durham Cares. In 1994, he co-founded efiling.com, the internet's first online tax filing service. Before founding Bandwidth, he served four years on active duty in the Marine Corps as a Judge Advocate and Headquarters Company Commander.
Daryl Raiford, Chief Financial Officer
Daryl Raiford serves as the Chief Financial Officer for Bandwidth.
Rebecca Bottorff, Chief People Officer and Director
Prior to joining Bandwidth, Rebecca Bottorff was the founder and President of Venture Savvy Consulting Group, where she provided human resources and leadership expertise primarily to growing technology companies. She previously held the position of Vice President of Human Resources and was an executive team member at Motricity (now Voltari), a publicly traded digital advertising company. Earlier in her career, she was Vice President of Human Resources and an executive team member at the then-public Konover Property Trust.
Devesh Agarwal, Chief Operating Officer
Devesh Agarwal is the Chief Operating Officer at Bandwidth.
John Bell, Chief Product Officer
John Bell has been with Bandwidth for nine years, serving in various leadership roles within the product organization. He is responsible for driving the strategy, design, and development across Bandwidth's product portfolio. Bell possesses extensive experience working directly with leading enterprises in communications that rely on Bandwidth's platform and products. ```
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Here are the key risks to Bandwidth Inc.'s business:
-
Intense Market Competition: Bandwidth operates in a highly competitive cloud communications market, facing numerous established and emerging players. This intense competition can lead to pricing pressures, particularly in high-volume services like messaging, and may negatively impact the company's market share and profit margins.
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Regulatory Landscape Evolution: The company is subject to evolving regulations governing Communications Platform-as-a-Service (CPaaS) and AI across various jurisdictions. Changes in these regulations can increase operational costs, necessitate quick adaptations, and potentially limit the integration of advanced AI capabilities, thereby affecting Bandwidth's ability to innovate and comply.
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Customer Concentration and Retention: Bandwidth's business is exposed to risk due to a heavy reliance on a limited number of large customers who account for a significant portion of its revenue. The loss or reduction of business from one or more of these top customers could materially impact the company's financial performance and overall revenue sustainability.
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The deep integration and comprehensive offerings of communication services directly within hyperscale cloud platforms (e.g., Microsoft Azure Communication Services, AWS Chime SDK, Google Cloud Communication APIs) and leading Unified Communications as a Service (UCaaS) platforms (e.g., Microsoft Teams Phone, Zoom Phone) represent an emerging threat to Bandwidth. These platforms are increasingly providing robust, native voice and messaging APIs and full-stack communication solutions. This trend could disintermediate independent CPaaS providers like Bandwidth by offering enterprises a more seamless, integrated, and potentially cost-effective way to build and manage communications within their existing cloud or collaboration ecosystems, reducing the need for third-party platforms for foundational communication infrastructure and services such as SIP trunking and hosted VoIP.
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The addressable markets for Bandwidth Inc.'s main products and services are substantial and are projected to grow significantly in the coming years. Bandwidth's overall total addressable market (TAM) is projected to grow from $99 billion in 2024 to $162 billion by 2029 globally, demonstrating a 10% compound annual growth rate. Here's a breakdown of the market sizes for their key offerings: **Communication Platform-as-a-Service (CPaaS)** The global CPaaS market is a significant segment for Bandwidth. * In 2026, the global CPaaS market is valued at $17.2 billion and is projected to reach $87.8 billion by 2036, growing at an 18.4% Compound Annual Growth Rate (CAGR). * Another estimate places the global CPaaS market size at $21.27 billion in 2026, projected to reach $41.05 billion by 2031, advancing at a 14.05% CAGR. * North America is a leading region in the global CPaaS market, with the U.S. CPaaS industry poised to expand at a 16.8% CAGR through 2036. In 2025, North America's CPaaS market was valued at $6.76 billion, rising to $8.66 billion in 2026. North America dominated the market with a valuation of $6.76 billion in 2025 and $8.66 billion in 2026. **SIP Trunking** The global SIP trunking market also represents a considerable opportunity. * The global SIP trunking market size was valued at $13.85 billion in 2024 and is expected to reach $33.05 billion by 2032, with a CAGR of 11.48%. * Another projection indicates the global SIP trunking market will grow from $73.14 billion in 2025 to $181.58 billion by 2031, at a 16.38% CAGR. * In 2023, the global SIP trunking market was evaluated at $14 billion and is slated to reach $37 billion by the end of 2032, with a CAGR of approximately 13% between 2024 and 2032. * North America dominated the SIP trunking market with the largest revenue share of 31.5% in 2024. In 2023, North America accounted for about 67% of the global SIP trunking market size. **Hosted Voice over Internet Protocol (VoIP) Services** Bandwidth also provides hosted VoIP services, which are part of a larger VoIP services market. * The global VoIP services market size is $172.49 billion in 2025 and is forecast to expand to $308.41 billion by 2030, reflecting a 12.32% CAGR. * The global Voice over Internet Protocol (VoIP) market size was valued at $176.16 billion in 2025. It is projected to grow from $195.39 billion in 2026 to $388.97 billion by 2034, exhibiting a CAGR of 10.4%. * North America dominated the VoIP services market, holding a 40.9% share in 2024. North America also held a 45% market share in the VoIP market in 2025.AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Bandwidth (BAND) over the next 2-3 years:
- Accelerated adoption of AI-powered voice solutions and expansion of software services: Bandwidth is focusing on AI-driven voice adoption and seeing tangible results from its AI voice tools and Maestro orchestration software. The company notes that software services are now attached to all $1 million-plus deals, and AI-influenced usage is expected to drive continued accelerating revenue growth in voice.
- Growth in enterprise customer base and increased usage from existing customers: Bandwidth closed a record number of $1 million-plus deals in 2025, including significant wins with major U.S. insurance and banking groups. The company also demonstrates durable customer relationships with a 99% customer name retention rate and a 107% organic net retention rate in 2025, leading to increased average annual revenue per customer.
- Geographic expansion and growth in Global Voice Plans: The company has experienced accelerated growth in its Global Voice Plans revenue, more than doubling compared to the previous year. Geographic expansion is also cited as a factor contributing to accelerating voice revenue growth.
- Growth in programmable messaging: Bandwidth's messaging segment demonstrated double-digit year-over-year growth in Q4 2025, supported by robust demand. Programmable messaging also grew 7% organically in 2025.
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Share Repurchases
- Bandwidth's Board of Directors authorized an $80 million share repurchase program in February 2026.
- This program is designed primarily to manage dilution from share-based compensation.
- The authorization reflects confidence in the company's growth strategy and ability to generate meaningful cash flow.
Share Issuance
- Insider transactions in 2025 and early 2026 include the acquisition of Class A common stock through the vesting of restricted stock units (RSUs) by executives.
- The company's nonvested RSUs outstanding indicate ongoing issuance through equity compensation plans, with approximately 1.35 million units outstanding as of December 31, 2025, and 1.96 million as of December 31, 2024.
Outbound Investments
- Bandwidth acquired Voxbone for an enterprise value of €446 million EUR (approximately $527 million USD at the time of announcement) in October 2020.
Capital Expenditures
- Bandwidth plans its largest investment in research and development in company history in 2026 to accelerate innovation across its AI portfolio.
- The company moved to a new, purpose-built 40-acre headquarters campus in Raleigh, North Carolina, in August 2023.
- Investments in global coverage expansion and operational efficiencies contributed to improved gross margin performance in 2025.
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| 03312026 | PANW | Palo Alto Networks | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03312026 | ALKT | Alkami Technology | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | DBX | Dropbox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | 0.0% |
| 03272026 | DLB | Dolby Laboratories | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03272026 | PTC | PTC | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 32.20 |
| Mkt Cap | 2.4 |
| Rev LTM | 1,832 |
| Op Inc LTM | 75 |
| FCF LTM | 346 |
| FCF 3Y Avg | 264 |
| CFO LTM | 422 |
| CFO 3Y Avg | 333 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.6% |
| Rev Chg 3Y Avg | 9.0% |
| Rev Chg Q | 5.1% |
| QoQ Delta Rev Chg LTM | 1.2% |
| Op Inc Chg LTM | 344.1% |
| Op Inc Chg 3Y Avg | 148.5% |
| Op Mgn LTM | 3.0% |
| Op Mgn 3Y Avg | -1.8% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 19.7% |
| CFO/Rev 3Y Avg | 15.6% |
| FCF/Rev LTM | 16.4% |
| FCF/Rev 3Y Avg | 12.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.4 |
| P/S | 1.3 |
| P/Op Inc | 27.0 |
| P/EBIT | 23.8 |
| P/E | 24.2 |
| P/CFO | 7.1 |
| Total Yield | 0.7% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 8.5% |
| D/E | 0.5 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 16.0% |
| 3M Rtn | 5.1% |
| 6M Rtn | 20.6% |
| 12M Rtn | 34.8% |
| 3Y Rtn | 51.0% |
| 1M Excs Rtn | 3.5% |
| 3M Excs Rtn | 2.8% |
| 6M Excs Rtn | 14.0% |
| 12M Excs Rtn | 7.4% |
| 3Y Excs Rtn | -29.1% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $24.20 | |
| Market Cap ($ Bil) | 0.7 | |
| First Trading Date | 11/10/2017 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $17.60 | $15.60 |
| DMA Trend | up | up |
| Distance from DMA | 37.5% | 55.1% |
| 3M | 1YR | |
| Volatility | 60.5% | 52.3% |
| Downside Capture | 0.26 | 0.69 |
| Upside Capture | 264.57 | 160.85 |
| Correlation (SPY) | 34.2% | 37.6% |
BAND Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.90 | 1.05 | 0.93 | 1.27 | 1.19 | 1.54 |
| Up Beta | 0.64 | 0.94 | 1.54 | 1.89 | 1.24 | 1.27 |
| Down Beta | -0.73 | 1.19 | 0.50 | 1.47 | 1.13 | 1.44 |
| Up Capture | 382% | 228% | 161% | 108% | 143% | 584% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 12 | 23 | 32 | 64 | 131 | 378 |
| Down Capture | 11% | 9% | 62% | 103% | 111% | 112% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 10 | 19 | 31 | 62 | 120 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BAND | |
|---|---|---|---|---|
| BAND | 96.4% | 52.3% | 1.48 | - |
| Sector ETF (XLK) | 54.0% | 20.4% | 2.01 | 33.1% |
| Equity (SPY) | 31.5% | 12.5% | 1.93 | 37.3% |
| Gold (GLD) | 35.2% | 27.2% | 1.09 | -6.0% |
| Commodities (DBC) | 46.7% | 18.1% | 1.99 | -9.5% |
| Real Estate (VNQ) | 12.8% | 13.4% | 0.65 | 13.9% |
| Bitcoin (BTCUSD) | -19.6% | 42.1% | -0.40 | 22.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BAND | |
|---|---|---|---|---|
| BAND | -28.7% | 73.1% | -0.15 | - |
| Sector ETF (XLK) | 18.7% | 24.8% | 0.67 | 36.1% |
| Equity (SPY) | 13.1% | 17.1% | 0.60 | 38.3% |
| Gold (GLD) | 20.1% | 17.8% | 0.92 | 5.3% |
| Commodities (DBC) | 14.6% | 19.1% | 0.63 | 5.5% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 32.8% |
| Bitcoin (BTCUSD) | 8.1% | 56.2% | 0.36 | 20.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BAND | |
|---|---|---|---|---|
| BAND | 1.6% | 64.2% | 0.30 | - |
| Sector ETF (XLK) | 23.1% | 24.4% | 0.86 | 36.0% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 33.8% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 7.3% |
| Commodities (DBC) | 9.6% | 17.7% | 0.45 | 7.2% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 25.7% |
| Bitcoin (BTCUSD) | 67.5% | 66.9% | 1.07 | 15.1% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/19/2026 | 11.9% | 6.4% | 18.6% |
| 10/30/2025 | -3.9% | -12.3% | -16.2% |
| 7/29/2025 | -18.5% | -15.9% | -12.1% |
| 5/7/2025 | 12.1% | 16.8% | 15.9% |
| 2/20/2025 | -4.4% | -8.4% | -17.8% |
| 10/31/2024 | 3.5% | 7.1% | 11.6% |
| 8/1/2024 | -30.0% | -32.4% | -23.0% |
| 2/28/2024 | 51.8% | 50.7% | 48.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 8 | 9 |
| # Negative | 10 | 13 | 12 |
| Median Positive | 11.9% | 14.5% | 15.9% |
| Median Negative | -6.5% | -15.7% | -21.3% |
| Max Positive | 51.8% | 50.7% | 84.7% |
| Max Negative | -32.1% | -35.5% | -37.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/19/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 200.00 Mil | 201.50 Mil | 203.00 Mil | ||||
| Q1 2026 Adjusted EBITDA | 21.00 Mil | 22.50 Mil | 24.00 Mil | ||||
| Q1 2026 Non-GAAP earnings per share | 0.3 | 0.31 | 0.32 | ||||
| 2026 Revenue | 864.00 Mil | 874.00 Mil | 884.00 Mil | 16.0% | Higher New | Actual: 753.50 Mil for 2025 | |
| 2026 Adjusted EBITDA | 117.00 Mil | 120.00 Mil | 123.00 Mil | 32.6% | Higher New | Actual: 90.50 Mil for 2025 | |
| 2026 Non-GAAP earnings per share | 1.66 | 1.7 | 1.74 | ||||
| 2026 Revenue Growth | 16.0% | 60.0% | 6.0% | Raised | Guidance: 10.0% for 2025 | ||
| 2026 Adjusted EBITDA Growth | 29.0% | ||||||
Prior: Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 747.00 Mil | 753.50 Mil | 760.00 Mil | 0.1% | Raised | Guidance: 752.50 Mil for 2025 | |
| 2025 Adjusted EBITDA | 89.00 Mil | 90.50 Mil | 92.00 Mil | 2.3% | Raised | Guidance: 88.50 Mil for 2025 | |
| 2025 Revenue Growth | 9.0% | 10.0% | 11.0% | 0 | 0 | Affirmed | Guidance: 10.0% for 2025 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Raiford, Daryl E | Chief Financial Officer | Direct | Sell | 4172026 | 20.00 | 8,040 | 160,809 | 572,131 | Form |
| 2 | Raiford, Daryl E | Chief Financial Officer | Direct | Sell | 3162026 | 15.19 | 16,100 | 244,524 | 556,557 | Form |
| 3 | Raiford, Daryl E | Chief Financial Officer | Direct | Sell | 3162026 | 15.47 | 17,026 | 263,309 | 815,707 | Form |
| 4 | Raiford, Daryl E | Chief Financial Officer | Direct | Sell | 3122026 | 15.62 | 8,807 | 137,536 | 1,089,593 | Form |
| 5 | Raiford, Daryl E | Chief Financial Officer | Direct | Sell | 3122026 | 16.31 | 14,000 | 228,404 | 1,281,969 | Form |
Industry Resources
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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