Bandwidth: Expectations Have Been Reset, Time For The Rebound
Shares of Bandwidth have lost 70% of their value year to date. The good news is that consensus expectations have been reset to lower growth. The company recently released Q1 results featuring a re-acceleration in growth to the mid-teens. Trading at just 1.5x forward revenue and at a ~$500 million market cap, Bandwidth is one of the cheapest and smallest stocks in the software sector.