Why Bandwidth (BAND) is a Top Growth Stock for the Long-Term

Company Overview - Bandwidth operates as a Communications Platform-as-a-Service (CPaaS) provider, offering advanced software application programming interfaces for voice and messaging services [12] - It is the only API platform provider that owns a Tier 1 network with enhanced network capacity, primarily catering to business enterprises [12] - Bandwidth has 8,800 on-net rate centers, delivering high network quality and proactively monitoring operations 24/7 to resolve quality issues [12] Investment Potential - Bandwidth is rated 2 (Buy) on the Zacks Rank, with a VGM Score of A, indicating strong investment potential [13] - The company has a Growth Style Score of A, forecasting year-over-year earnings growth of 13.4% for the current fiscal year [13] - The Zacks Consensus Estimate for Bandwidth's earnings has increased by $0.01 to$1.52 per share, with one analyst revising their earnings estimate upwards in the last 60 days [13] - Bandwidth boasts an average earnings surprise of 14%, further enhancing its attractiveness to investors [13] Summary of Zacks Style Scores - The Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum characteristics [2][3] - Stocks are assigned ratings of A, B, C, D, or F, with higher scores indicating a better chance of outperforming the market [3] - The Value Score focuses on identifying undervalued stocks using various financial ratios [4] - The Growth Score assesses a company's future prospects based on earnings, sales, and cash flow [5] - The Momentum Score helps investors capitalize on upward or downward trends in stock prices [6] - The VGM Score combines all three styles, providing a comprehensive indicator for stock selection [6]