Bandwidth Inc. operates as a cloud-based, software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates through two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or text communications services across mobile application or connected device or enterprises. The company also offers SIP trunking, data resale, and hosted voice over Internet protocol services. It serves large enterprises, small and medium-sized businesses, technology companies, and other business. Bandwidth Inc. was founded in 2000 and is headquartered in Raleigh, North Carolina.
Twilio (NYSE: TWLO) has been a top performer on the stock market over the past year. Share prices for this cloud communications specialist have more than tripled, thanks to a big spike in revenue as more organizations have shifted from physical contact centers to cloud-enabled ones in the wake of the novel coronavirus pandemic. The bad news for potential new investors is that Twilio shares have become extremely expensive, as evident from a price-to-sales (P/S) ratio of nearly 31.
Teladoc (NYSE: TDOC), Bandwidth (NASDAQ: BAND), and Axon Enterprise (NASDAQ: AAXN) have compelling catalysts to push their shares higher this month. You're seeing Teladoc close out 2020 on the lists of top performers, but here's a starting line stat you probably aren't seeing: Teladoc is down 20% since announcing its deal to acquire Livongo five months ago. Livongo's next-gen way of tackling chronic conditions is gaining traction and generating positive outcomes for members with diabetes.