Bandwidth Inc soars after raising FY guidance, beating Q3 estimates
02/11/2022 15:43
** Software firm Bandwidth Inc's shares BAND.O soar 41% to
$17.29, highest since Aug. 17
** Co raises FY222 earnings forecast to between 35 cents and
37 cents/shr, from 10-14 cents/shr urn:newsml:reuters.com:*:nPn2XksTda
** Co beats Q3 revenue and earnings estimates on higher
demand for its range of software solutions
** Co also says it has entered into agreements for the
repurchase of convertible notes for $160 mln; Buyback of notes
expected to close on Nov. 28
** Stock had fallen 76% YTD, compared with a 35% decline in
the Nasdaq Computer index .IXK
(Reporting by Johann M Cherian in Bengaluru)
((johann.mcherian@thomsonreuters.com;))