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Why Bandwidth Stock Tumbled Today

TheMotleyFool

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Shares of Bandwidth (NASDAQ: BAND), an enterprise cloud communications company, were falling today after the company reported its second-quarter financial results. While it reported revenue and earnings that outpaced analysts' consensus estimates, investors appeared unenthused by the results.

The tech stock was down by 8.6% at the end of the trading day.

Bandwidth reported second-quarter revenue of $136 million, which was up 12% from the year-ago quarter and beat Wall Street's average estimate of $133.6 million. Additionally, the company's non-GAAP (adjusted) loss per share of $0.04 beat analysts' consensus estimate of a loss of $0.06 per share.

Source Fool.com

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