Shares of communications platform-as-a-service company Bandwidth (NASDAQ: BAND) fell 15.5% in the morning session after Morgan Stanley analyst Meta Marshall downgraded the stock’s rating from Equal-weight (Hold) to Underweight (Sell) and lowered the price target from $18 to $15.
Bandwidth (BAND) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Earnings results often indicate what direction a company will take in the months ahead. With Q1 now behind us, let’s have a look at Bandwidth (NASDAQ:BAND) and its peers.