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


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The article from Yahoo Finance discusses why Bandwidth Inc. (BAND) is considered a top momentum stock. Bandwidth, a software company providing cloud-based communication services, has shown significant momentum due to its strong performance metrics. Over the past year, BAND's shares have surged by 112.7%, significantly outperforming the S&P 500's 26.2% gain. This performance is attributed to several factors including a high increase in earnings estimates, with the current quarter's earnings expected to rise by 166.67% year-over-year, and annual earnings estimates for the current year increasing by 10.5% over the last 60 days. Additionally, Bandwidth has a favorable Zacks Rank #1 (Strong Buy) and an A Momentum Score, indicating strong potential for continued growth. The article also mentions that Bandwidth's stock has a beta of 1.4, suggesting it moves 40% more than the market, which could appeal to investors looking for stocks with high volatility and potential for significant returns.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/why-bandwidth-band-top-momentum-145012996.html ]

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