Bandwidth Inc. (NASDAQ:BAND) is a leading communications technology company. It provides innovative software for voice and messaging services to businesses. On April 30, 2026, investment firm Citigroup maintained its "Outperform" rating for Bandwidth, as highlighted by TheFly. The stock price was $36.81 at the time.
The positive rating follows strong first-quarter 2026 results. Bandwidth reported record quarterly revenue of $209 million, a 20% increase from the previous year. This figure surpassed the consensus estimate of $201 million. The company also posted non-GAAP earnings of $0.38 per share.
This robust performance is driven by strong, AI-led demand for Bandwidth's services. Bandwidth is also seeing significant growth from large businesses, including new deals valued at over $1 million and being chosen by Salesforce for its Agentforce Contact Center.
Due to this momentum, the company raised its guidance for 2026. It now expects higher revenue and Adjusted EBITDA. Adjusted EBITDA, which measures operating profit, grew 17% to $26 million. This shows management's confidence in future performance and financial outlook.
The market reacted positively to the news. Bandwidth's stock price increased by 52.11% to $36.81 on the day of the report. The stock hit a new yearly high of $36.88, a large increase from its 52-week low of $11.93.
