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BAND Expands Communication Service Offerings: Stock to Gain?
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Bandwidth, Inc. (BAND - Free Report) recently introduced bring-your-own-carrier (BYOC) programs integrated with the Bandwidth Maestro platform to provide enterprises with greater options in addressing complex communication challenges.
In legacy communication setup, telephony services such as voice calling are bundled with software-as-a-service, which restricts organizations from choosing carriers or controlling costs. Lack of control over the communication ecosystem hinders enterprises' flexibility to adapt to evolving business requirements. Integration of legacy systems with advanced cloud communication platforms is also a challenging task.
Bandwidth’s BYOC program effectively addresses these issues. The program gives enterprises unprecedented freedom to choose the carrier tailored to their business requirements, irrespective of the software service used for communication. Some of the prominent BYOC partners in the Bandwidth ecosystem include Amazon Web Services, Five9, Microsoft Teams, Cognigy, Webex Calling by Cisco, Zoom Contact Center and more. These platforms offer a wide array of communication services, such as speech-to-text, text-to-speech, conversational and generative AI for contact centers, direct routing and operator connect.
Bandwidth delivers a cloud-native network with access to the most direct-to-carrier integrations for BYOC and allows enterprises to deploy their full suite of communication stack by replacing legacy telecom carriers and most on-premise devices. The whole process allows enterprises to exercise greater control and flexibility, drive cost savings and ensure an enhanced communication experience for clients and employees by leveraging best-in-class technology. Moreover, the integrated leading-edge communication platform Bandwidth Maestro accelerates IT development and streamlines call flow management.
Will This Initiative Boost BAND’s Share Price Movement?
The company is witnessing healthy demand for its communication services across various sectors including health care, retail and e-commerce shopping, fintech and civic engagement. Effort to expand its portfolio and accretive customer base are the cornerstones of long-term growth across a diverse set of markets
BAND’s Stock Price Movement
The stock has gained 26.1% in the past year against the industry’s decline of 2.6%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Bandwidth currently carries a Zacks Rank #3 (Hold).
In the last reported quarter, it delivered an earnings surprise of 8.25%. It is engaged in providing cloud networking solutions for data centers and cloud computing environments. The company offers 10/25/40/50/100 Gigabit Ethernet switches and routers optimized for next-generation data center networks.
Ubiquiti Inc. (UI - Free Report) sports a Zacks Rank #1 at present. The company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved its UI’s visibility for future demand and inventory management techniques.
Workday Inc. (WDAY - Free Report) carries a Zacks Rank of 2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%.
WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes the process easier for organizations to provide analytical insights and decision support.
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BAND Expands Communication Service Offerings: Stock to Gain?
Bandwidth, Inc. (BAND - Free Report) recently introduced bring-your-own-carrier (BYOC) programs integrated with the Bandwidth Maestro platform to provide enterprises with greater options in addressing complex communication challenges.
In legacy communication setup, telephony services such as voice calling are bundled with software-as-a-service, which restricts organizations from choosing carriers or controlling costs. Lack of control over the communication ecosystem hinders enterprises' flexibility to adapt to evolving business requirements. Integration of legacy systems with advanced cloud communication platforms is also a challenging task.
Bandwidth’s BYOC program effectively addresses these issues. The program gives enterprises unprecedented freedom to choose the carrier tailored to their business requirements, irrespective of the software service used for communication. Some of the prominent BYOC partners in the Bandwidth ecosystem include Amazon Web Services, Five9, Microsoft Teams, Cognigy, Webex Calling by Cisco, Zoom Contact Center and more. These platforms offer a wide array of communication services, such as speech-to-text, text-to-speech, conversational and generative AI for contact centers, direct routing and operator connect.
Bandwidth delivers a cloud-native network with access to the most direct-to-carrier integrations for BYOC and allows enterprises to deploy their full suite of communication stack by replacing legacy telecom carriers and most on-premise devices. The whole process allows enterprises to exercise greater control and flexibility, drive cost savings and ensure an enhanced communication experience for clients and employees by leveraging best-in-class technology. Moreover, the integrated leading-edge communication platform Bandwidth Maestro accelerates IT development and streamlines call flow management.
Will This Initiative Boost BAND’s Share Price Movement?
The company is witnessing healthy demand for its communication services across various sectors including health care, retail and e-commerce shopping, fintech and civic engagement. Effort to expand its portfolio and accretive customer base are the cornerstones of long-term growth across a diverse set of markets
BAND’s Stock Price Movement
The stock has gained 26.1% in the past year against the industry’s decline of 2.6%.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Bandwidth currently carries a Zacks Rank #3 (Hold).
Arista Networks, Inc. (ANET - Free Report) carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the last reported quarter, it delivered an earnings surprise of 8.25%. It is engaged in providing cloud networking solutions for data centers and cloud computing environments. The company offers 10/25/40/50/100 Gigabit Ethernet switches and routers optimized for next-generation data center networks.
Ubiquiti Inc. (UI - Free Report) sports a Zacks Rank #1 at present. The company offers a comprehensive portfolio of networking products and solutions for service providers and enterprises.
Its excellent global business model, which is flexible and adaptable to evolving changes in markets, helps it to beat challenges and maximize growth. The company’s effective management of its strong global network of more than 100 distributors and master resellers improved its UI’s visibility for future demand and inventory management techniques.
Workday Inc. (WDAY - Free Report) carries a Zacks Rank of 2 at present. In the last reported quarter, it delivered an earnings surprise of 7.36%.
WDAY is a leading provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes the process easier for organizations to provide analytical insights and decision support.