Shares of Bandwidth (BAND +12.74%) have performed terribly in the stock market despite the cloud communications company growing at a terrific pace in the past few years.
As it turns out, Bandwidth stock has lost 81% of its value in the past year.
事实证明，Bandwidth的股票在过去一年中下跌了81%。
This may seem a tad surprising, as the company finished 2021 with a 43% increase in revenue to $491 million, while adjusted earnings jumped to $0.97 per share from $0.55 per share the year before.
However, Bandwidth's tepid guidance for 2022 sent the stock crashing, with shares cratering over 30% in a single day in February this year.
然而，Bandwidth对2022年的温和指引导致股价暴跌，今年2月股价单日跌幅超过30%。
Bandwidth is showing signs of regaining its mojo
Bandwidth正在显示出重振旗鼓的迹象
The fallout from a cyberattack on Bandwidth last year is still impacting the company's business.
去年Bandwidth遭受的网络攻击的影响仍在影响该公司的业务。
It anticipates a revenue hit of $16 million to $24 million this year due to the attack that happened in September 2021, which resulted in a loss in transaction volumes and led Bandwidth to issue customer credits.
At the same time, Bandwidth is facing tough year-over-year comparisons after growing at a blistering pace in the past couple of years.
与此同时，在经历了过去几年的高速增长后，Bandwidth面临着艰难的同比比较。
The company has also divested three small business units, with two of those divestments taking place last quarter.
该公司还剥离了三个小型业务部门，其中两个是在上个季度进行的。
As a result, Bandwidth expects to finish 2022 with $554 million in revenue and $0.12 per share in earnings.
因此，Bandwidth预计2022年营收将达到5.54亿美元，每股收益0.12美元。
This points toward a 13% year-over-year increase in Bandwidth's revenue this year, while the bottom line is expected to shrink massively.
这表明Bandwidth今年的营收同比增长13%，而净利润预计将大幅缩水。
However, Bandwidth was expecting even worse when it released its original 2022 guidance in February.
然而，Bandwidth在2月份发布最初的2022年指引时，预期甚至更糟。
The company had guided for $0.06 per share in adjusted earnings on $551 million in revenue, but stronger-than-expected first-quarter results have encouraged management to boost the guidance.
$1.9BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Bandwidth released its first-quarter report on May 4, posting a 16% year-over-year jump in revenue to $131 million. This exceeded the company's guidance of $126 million. Bandwidth posted non-GAAP net income of $0.09 per share as compared to an estimated loss of $0.11 to $0.07 per share. More importantly, the size of the market that Bandwidth serves should help give its growth a nice boost in the long run.
Bandwidth's better-than-expected results were driven by an increase in demand for its offerings, which allow its clients to embed voice calling, text messaging, and emergency services access within their applications. For instance, a top investment bank has chosen Bandwidth's solutions to build its contact center, while a healthcare company and a cruise operator also opted to use its services.
It won't be surprising to see Bandwidth's customer growth momentum continue in the future; demand for cloud-based contact centers is expected to increase at nearly 22% a year through 2026. The company forecasts that its total addressable market could hit $83 billion in 2025 versus $46 billion in 2020.
It is also worth noting that Bandwidth's customers are increasing their spending on the company's services or are adopting more of its offerings through cross-selling. This is evident from a dollar-based net retention rate of 114% last quarter. This metric compares the revenue generated by its active customers last quarter to the revenue generated by those same customers in the prior-year period. A reading of more than 100% means that customers increased their spending on Bandwidth's services. The number of active customers increased 12% year over year last quarter to 3,372.
Strong end-market expansion, an increase in the customer base, and higher client spending show us why analysts expect Bandwidth's revenue and earnings growth to accelerate in the future.
And, with shares of Bandwidth trading at just 1.14 times sales following their sharp decline in the past year, investors have a golden opportunity to buy this cloud stock on the cheap right now.
1 纳斯达克股票下跌80% 可能终于值得买入
Shares of Bandwidth (BAND +12.74%) have performed terribly in the stock market despite the cloud communications company growing at a terrific pace in the past few years.
尽管这家云通信公司在过去几年以惊人的速度增长，但Bandwidth（BAND +12.74%）的股价在股市中表现糟糕。
BAND data by YCharts
BAND数据来自YCharts
As it turns out, Bandwidth stock has lost 81% of its value in the past year.
事实证明，Bandwidth的股票在过去一年中下跌了81%。
This may seem a tad surprising, as the company finished 2021 with a 43% increase in revenue to $491 million, while adjusted earnings jumped to $0.97 per share from $0.55 per share the year before.
这似乎有点令人惊讶，因为该公司2021年营收增长了43%，达到4.91亿美元，而调整后每股收益从上一年的0.55美元跃升至0.97美元。
However, Bandwidth's tepid guidance for 2022 sent the stock crashing, with shares cratering over 30% in a single day in February this year.
然而，Bandwidth对2022年的温和指引导致股价暴跌，今年2月股价单日跌幅超过30%。
Bandwidth is showing signs of regaining its mojo
Bandwidth正在显示出重振旗鼓的迹象
The fallout from a cyberattack on Bandwidth last year is still impacting the company's business.
去年Bandwidth遭受的网络攻击的影响仍在影响该公司的业务。
It anticipates a revenue hit of $16 million to $24 million this year due to the attack that happened in September 2021, which resulted in a loss in transaction volumes and led Bandwidth to issue customer credits.
由于2021年9月发生的攻击，该公司预计今年将损失1600万至2400万美元的收入，该攻击导致交易量下降，并导致Bandwidth向客户发放信用额度。
At the same time, Bandwidth is facing tough year-over-year comparisons after growing at a blistering pace in the past couple of years.
与此同时，在经历了过去几年的高速增长后，Bandwidth面临着艰难的同比比较。
The company has also divested three small business units, with two of those divestments taking place last quarter.
该公司还剥离了三个小型业务部门，其中两个是在上个季度进行的。
As a result, Bandwidth expects to finish 2022 with $554 million in revenue and $0.12 per share in earnings.
因此，Bandwidth预计2022年营收将达到5.54亿美元，每股收益0.12美元。
This points toward a 13% year-over-year increase in Bandwidth's revenue this year, while the bottom line is expected to shrink massively.
这表明Bandwidth今年的营收同比增长13%，而净利润预计将大幅缩水。
However, Bandwidth was expecting even worse when it released its original 2022 guidance in February.
然而，Bandwidth在2月份发布最初的2022年指引时，预期甚至更糟。
The company had guided for $0.06 per share in adjusted earnings on $551 million in revenue, but stronger-than-expected first-quarter results have encouraged management to boost the guidance.
该公司此前预计调整后每股收益0.06美元，营收5.51亿美元，但第一季度业绩强于预期，鼓励管理层上调了指引。
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NASDAQ: BAND
纳斯达克：BAND
Bandwidth Inc.
Bandwidth公司
Today's Change
今日变动
(12.74%) $7.73
(12.74%) $7.73
Current Price
当前价格
$68.40
$68.40
Key Data Points
关键数据点
Market Cap
市值
$1.9BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
$1.9B市值仅使用公开交易的流通股计算。不包括未上市、私有或双重类别非交易股份。隐含市值可能有所不同。市值仅使用公开交易的流通股计算。不包括未上市、私有或双重类别非交易股份。隐含市值可能有所不同。
Day's Range
日内范围
$60.74 - $68.40
$60.74 - $68.40
52wk Range
52周范围
$12.50 - $75.98
$12.50 - $75.98
Volume
成交量
33.3K
33.3K
Avg Vol
平均成交量
1.2M
1.2M
Gross Margin
毛利率
35.00%
35.00%
Bandwidth released its first-quarter report on May 4, posting a 16% year-over-year jump in revenue to $131 million. This exceeded the company's guidance of $126 million. Bandwidth posted non-GAAP net income of $0.09 per share as compared to an estimated loss of $0.11 to $0.07 per share. More importantly, the size of the market that Bandwidth serves should help give its growth a nice boost in the long run.
Bandwidth于5月4日发布了第一季度报告，营收同比增长16%，达到1.31亿美元。这超出了公司1.26亿美元的指引。Bandwidth公布的非GAAP每股净收益为0.09美元，而此前预估亏损为每股0.11至0.07美元。更重要的是，Bandwidth所服务的市场规模应有助于其在长期内实现良好增长。
Investors shouldn't miss the forest for the trees
投资者不应只见树木不见森林
Bandwidth's better-than-expected results were driven by an increase in demand for its offerings, which allow its clients to embed voice calling, text messaging, and emergency services access within their applications. For instance, a top investment bank has chosen Bandwidth's solutions to build its contact center, while a healthcare company and a cruise operator also opted to use its services.
Bandwidth强于预期的业绩得益于对其产品的需求增长，这些产品允许客户在应用程序中嵌入语音通话、短信和紧急服务访问。例如，一家顶级投资银行选择了Bandwidth的解决方案来构建其联络中心，而一家医疗保健公司和一家邮轮运营商也选择使用其服务。
It won't be surprising to see Bandwidth's customer growth momentum continue in the future; demand for cloud-based contact centers is expected to increase at nearly 22% a year through 2026. The company forecasts that its total addressable market could hit $83 billion in 2025 versus $46 billion in 2020.
未来Bandwidth的客户增长势头持续并不令人意外；到2026年，对基于云的联络中心的需求预计将以每年近22%的速度增长。该公司预计，其总可寻址市场在2025年可能达到830亿美元，而2020年为460亿美元。
Image source: Getty Images.
图片来源：Getty Images。
It is also worth noting that Bandwidth's customers are increasing their spending on the company's services or are adopting more of its offerings through cross-selling. This is evident from a dollar-based net retention rate of 114% last quarter. This metric compares the revenue generated by its active customers last quarter to the revenue generated by those same customers in the prior-year period. A reading of more than 100% means that customers increased their spending on Bandwidth's services. The number of active customers increased 12% year over year last quarter to 3,372.
同样值得注意的是，Bandwidth的客户正在增加对该服务的支出，或者通过交叉销售采用更多产品。这一点从上季度114%的基于美元的净留存率可以看出。该指标将上季度活跃客户产生的收入与去年同期相同客户产生的收入进行比较。超过100%意味着客户增加了对Bandwidth服务的支出。上季度活跃客户数量同比增长12%，达到3372家。
Strong end-market expansion, an increase in the customer base, and higher client spending show us why analysts expect Bandwidth's revenue and earnings growth to accelerate in the future.
终端市场的强劲扩张、客户群的扩大以及客户支出的增加，向我们展示了为什么分析师预计Bandwidth未来的营收和盈利增长将加速。
| Metric | 2022 | 2023 | 2024 | | --- | --- | --- | --- | | Revenue estimate (in millions) | $554 | $646 | $748 | | Earnings estimate (per share) | $0.12 | $0.66 | $1.25 |
| 指标 | 2022 | 2023 | 2024 | | --- | --- | --- | --- | | 营收预估（百万美元） | $554 | $646 | $748 | | 盈利预估（每股） | $0.12 | $0.66 | $1.25 |
Data source: YCharts.
数据来源：YCharts。
And, with shares of Bandwidth trading at just 1.14 times sales following their sharp decline in the past year, investors have a golden opportunity to buy this cloud stock on the cheap right now.
而且，随着Bandwidth股价在过去一年大幅下跌后，目前仅为市销率的1.14倍，投资者现在有一个绝佳机会，可以低价买入这只云计算股票。