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Bandwidth -3.7% as Morgan Stanley turns bearish

Sep. 19, 2019 7:37 AM ETBandwidth Inc. (BAND) StockBANDBy: Brandy Betz, SA News Editor
  • Update with more details from the downgrade:
  • The firm says BAND's current valuation "gives too much credit for platform depth" with its software capabilities "more limited than communication platform names like Twilio."
  • Original: Morgan Stanley downgrades Bandwidth (NASDAQ:BAND) from Equal-Weight to Underweight and lowers the target from $74 to $67.
  • BAND is expected to report earnings on October 31. Consensus estimates have $58.78M in revenue and a $0.15 loss per share.
  • Bandwidth shares are down 3.7% pre-market to $69.19. The company has an Outperform average Sell Side rating.

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