OverviewSuggest Edit
Bandwidth is a provider of cloud-based communications platform for enterprises. The company offers a broad range of software application programming interfaces (APIs) for voice and text functionality and a purpose-built internet protocol (IP) voice network, as well as advanced monitoring, reporting and analytics, personalized support, and flexible cost structures. Its solutions allow enterprises to enhance their products and services by incorporating voice, messaging, and 911 services capabilities, and more frequently and seamlessly connect with their end-users.
| Type | Public | |
| Founded | 1999 | |
| HQ | Raleigh, NC, US | Map |
| Website | bandwidth.com | |
| Employee Ratings | More | |
| Overall Culture | A+ | More |
Recent NewsAll News
- Vizorfy, Inc Unveils the World's First Peer-to-Peer Container Image Distribution Platform Geared to Maximize Utilization of Accessibility, Bandwidth, Security, and Speed
- Global Deep Packet Inspection (DPI) Market to 2024 - Rising Bandwidth Management Needs Drive Adoption of DPI
- Global Millimeter Wave Equipment Market Annual Estimates & Forecasts 2016-2024 - Bandwidth Hungry Networks to Drive the Market
- This Company Forces Its Employees to Unplug and It Can't Stop Growing
Key People/Management at Bandwidth
David Morken
Co-founder, Chief Executive Officer and Chairman
Jeff Hoffman
Chief Financial Officer
Chris Matton
General Counsel
Marina Carreker
President
Noreen Allen
Chief Marketing Officer
Brandon Asbill
General Counsel
Bandwidth Office Locations
Bandwidth has offices in Raleigh, Denver and Rochester
Raleigh, NC, US (HQ)
Venture III, 900 Main Campus Dr #500
Denver, CO, US
1860 Blake St #420
Rochester, NY, US
85 Allen St #310
Bandwidth Financials and Metrics
Bandwidth Revenue
Bandwidth's revenue was reported to be $343.11 m in FY, 2020
| USD | |
|---|---|
Revenue (FY, 2020) | 343.1m |
Gross profit (FY, 2020) | 157.9m |
Gross profit margin (FY, 2020), % | 46% |
Net income (FY, 2020) | (44.0m) |
EBIT (FY, 2020) | (13.5m) |
Market capitalization (22-Jul-2021) | 3.4b |
Closing stock price (22-Jul-2021) | 135.4 |
Cash (31-Dec-2020) | 72.2m |
EV | 3.6b |
Bandwidth's current market capitalization is $3.4 b.
Annual
Quarterly
| USD | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 41.3m | 53.0m | 48.3m | 50.5m | 53.3m | 56.8m | 60.5m | 68.5m | 76.8m | 84.8m |
Cost of goods sold | 22.6m | 25.4m | 26.6m | 27.5m | 28.8m | 30.1m | 33.1m | 36.4m | 42.0m | 45.5m |
Gross profit | 18.8m | 27.6m | 21.7m | 23.0m | 24.6m | 26.7m | 27.4m | 32.2m | 34.8m | 39.2m |
Gross profit Margin, % | 45% | 52% | 45% | 46% | 46% | 47% | 45% | 47% | 45% | 46% |
Annual
Quarterly
| USD | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 5.4m | 38.8m | 45.8m | 48.6m | 138.9m | 140.1m | 192.4m | 492.0m | 291.0m | 300.2m |
Accounts Receivable | 18.7m | 24.4m | 23.0m | 23.8m | 27.9m | 26.7m | 30.0m | 37.1m | 41.8m | 46.5m |
Prepaid Expenses | 7.0m | 10.1m | 10.9m | 10.0m | ||||||
Current Assets | 30.2m | 78.6m | 87.2m | 95.1m | 235.6m | 233.2m | 233.3m | 566.9m | 577.3m | 590.8m |
Annual
Quarterly
| USD | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 6.6m | 6.2m | 16.7m | 19.2m | 2.0m | 5.5m | 4.5m | (1.1m) | (21.7m) | (24.1m) |
Depreciation and Amortization | 4.3m | 1.4m | 2.7m | 4.1m | 2.2m | 4.3m | 6.6m | 260.0k | ||
Accounts Payable | (2.2m) | (656.0k) | (2.4m) | (778.0k) | (435.0k) | (95.0k) | (169.0k) | 304.0k | 41.0k | 2.9m |
Cash From Operating Activities | 9.8m | 11.2m | 17.1m | 24.0m | (9.0m) | (5.4m) | (3.5m) | (7.6m) | (316.0k) | 11.3m |
| USD | Q3, 2017 |
|---|---|
Debt/Equity | -2.6 x |
Debt/Assets | 0.5 x |
Financial Leverage | -5 x |
Bandwidth Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| dash Carrier Services | February 22, 2011 | |
| Bandwidth.com CLEC, LLC | ||
| Bandwidth Iberia S.L | ||
| Broadband, LLC | ||
| DE Bandwidth GmbH | ||
| IP Spectrum Solutions, LLC | ||
| NL Bandwidth B.V. | ||
| UK Bandwidth Limited |
Bandwidth Revenue Breakdown
Bandwidth revenue breakdown by business segment: 85.1% from CPaaS and 14.9% from Other
Bandwidth revenue breakdown by geographic segment: 97.2% from United States and 2.8% from Other
Bandwidth Cybersecurity Score
Bandwidth Environment, Social & Governance (ESG) Ratings
Bandwidth Online and Social Media Presence
11.07k Twitter followers
Bandwidth has 11.07k Twitter Followers. The number of followers has decreased 0.4% quarter over quarter
Bandwidth's Trends
Twitter Engagement Stats for @bandwidth
6k
Tweets
2.7k
Following
11.1k
Followers
6
Tweets last 30 days
1.8
Avg. likes per Tweet
83.3%
Tweets with engagement
Bandwidth Company Culture
Overall Culture
A+
88/100
CEO Rating
A+
89/100
Compensation
A+
85/100
Bandwidth News and Updates
August 20, 2018
Vizorfy, Inc Unveils the World's First Peer-to-Peer Container Image Distribution Platform Geared to Maximize Utilization of Accessibility, Bandwidth, Security, and Speed
AUSTIN, Texas, Aug. 20, 2018 /PRNewswire/ -- The team at Vizorfy Corporation have developed the world's first Peer-to-Peer (P2P) technology for the Docker Container ecosystem. Vizorfy's goal is to save clients tremendous amounts of time and bandwidth and maximize under-utilized idle...
August 16, 2018
Global Deep Packet Inspection (DPI) Market to 2024 - Rising Bandwidth Management Needs Drive Adoption of DPI
DUBLIN, Aug 16, 2018 /PRNewswire/ -- The "Deep Packet Inspection (DPI) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and...
August 15, 2018
Global Millimeter Wave Equipment Market Annual Estimates & Forecasts 2016-2024 - Bandwidth Hungry Networks to Drive the Market
DUBLIN, Aug. 15, 2018 /PRNewswire/ -- The "Millimeter Wave Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World....
August 10, 2018
This Company Forces Its Employees to Unplug and It Can't Stop Growing
You can have a company culture born of habits and happenstance or one that consciously aligns with your values and allows you to thrive. What's it gonna be?
August 03, 2018
India 5G Market 2018-2025: Drivers of the Market are Continuous Evolution Towards Enhanced Bandwidth, Lower Latency, Enhanced Security and Openness of Mobile Networks
DUBLIN, Aug 3, 2018 /PRNewswire/ -- The "India 5G Market (2018-2025)" report has been added to ResearchAndMarkets.com's offering. The fifth generation of mobile technology (5G technology) is expected to cater to the demand and provide the business frameworks needed by and beyond 2020. In...
August 01, 2018
Bandwidth to Present at the KeyBanc Capital Markets 20th Annual Technology Leadership Forum
RALEIGH, N.C., Aug. 1, 2018 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a software company focused on communications for the enterprise, today announced that David Morken, CEO is scheduled to present at the KeyBanc Capital Markets 20th Annual Technology Leadership Forum on Monday,...
Bandwidth Blogs
August 02, 2021
Why buying your 2FA solution is better than building one
As you know, security is a growing concern for customers and companies—ensuring that you don’t have fake accounts registered is essential for the analysis of customer growth and crucial for fraud prevention. As someone responsible for maintaining & increasing the security of your system, you ne…
June 29, 2021
Q&A with Forrester Contact Center Analyst Andras Cser
In October of 2020, Bandwidth hosted a roundtable featuring leading contact center analyst Andras Cser of Forrester. During the roundtable we discussed industry trends as well as topics that were top of mind for large call centers. Some major themes included: fraud detection and prevention, the impa…
June 25, 2021
Making sense of fraud, robocalling, spam, & call blocking
Trying to make sense of fraud, robocalling, and spam can be overwhelming (and more than a little exhausting). With bad actors finding new ways to attack and cost your business money and the trust of your users, users have lost faith in the legitimacy of the calls coming to their phones thanks to the…
June 15, 2021
Dispelling the top 5 myths about telecom fraud
Telecom fraud is a big problem for both providers and customers. In 2019 alone it cost the industry $28.3B USD, or about 1.74% of total revenues for the year. Preventing, detecting, and mitigating telecom fraud is the responsibility of both providers and their customers. But, there are also misconce…
June 09, 2021
An overview of Bandwidth’s approach to fighting telecom fraud
The Internet and tech innovations have ushered in a new era of communications. Simultaneously, fraudsters have claimed their place in the digital age of communications — targeting vulnerable networks and scamming people out of money across the world. How big of a problem is it? Telecom fraud made a …
May 24, 2021
The 10DLC carrier landscape
We’ve gone over the registration process and pricing for 10DLC, but there are other factors to consider. Now we want to highlight some of the key differences between how the carriers are handling their 10DLC launches. Verizon Verizon doesn’t have any special requirements for registering traffic and …
Bandwidth Frequently Asked Questions
When was Bandwidth founded?
Bandwidth was founded in 1999.
Who are Bandwidth key executives?
Bandwidth's key executives are David Morken, Jeff Hoffman and Chris Matton.
How many employees does Bandwidth have?
Bandwidth has 772 employees.
What is Bandwidth revenue?
Latest Bandwidth annual revenue is $343.1 m.
What is Bandwidth revenue per employee?
Latest Bandwidth revenue per employee is $444.4 k.
Who are Bandwidth competitors?
Competitors of Bandwidth include CM.com, Everbridge and Verizon.
Where is Bandwidth headquarters?
Bandwidth headquarters is located at Venture III, 900 Main Campus Dr #500, Raleigh.
Where are Bandwidth offices?
Bandwidth has offices in Raleigh, Denver and Rochester.
How many offices does Bandwidth have?
Bandwidth has 3 offices.
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