After the company posted results that were nine times more than expected, shares of Bandwidth (BAND) rose.
Bandwidth (BAND) first appeared on our October 31st, 20022 published forecast in the short-term time frames. As such, the AI system correctly predicted a huge surge of over 40% in a single day that investors would enjoy when the company outperformed expectations in its quarterly earnings report. On the weekly forecast from Oct 31st, 2022, the stock generated a staggering 65% return. Once again BAND was a strong signal on our radar generating a further 17% profit from our November 25th, 2022 stock market forecast.
"Customer demand across our full range of software solutions over-achieved our expectations while our operating leverage delivered record non-GAAP gross margin... Accordingly, we are raising our full year 2022 outlook for both revenue and non-GAAP EPS. We are well positioned to execute on our strategy of delivering business-critical services to Global 2000 enterprises with profitable growth."
Going into the third quarter, analysts had projected that Bandwidth would only make $0.03 per share on revenues of $140.9 million. On sales of $148 million, Bandwidth (BAND) actually made $0.27 in profit per share. Shares of Bandwidth (BAND) increased after the company reported earnings that were nine times greater than forecast.
AI Trading
The AI system provides circadian forecasts in different frames by analyzing empirical evidence of financial market abnormalities connected to trader overreaction and under-reaction. There are six-time frames available every day that include daily forecasts, weekly forecasts, biweekly forecasts, monthly forecasts, quarterly forecasts, and annual forecasts. Market coverage available can increase from the Top 5 AI Stock Picks all the way to the Top 30 + SP 500 market forecasts.
This stock prediction for BAND has continuously been available in a number of predictions this month as well as in past AI forecasts for various time frames, including shorter-term time periods like the weekly or biweekly forecasts. When you evaluate your daily predictions as a subscriber and keep an eye on stock picks that keep popping up frequently in the AI trading projections, you might see more opportunities. Another sign is stock picks that are mentioned in several predictions, notably in the various ones made each morning at 6:00 AM Eastern Standard Time.
Below is the BAND stock pick which you can see for yourself on the original forecast published on November 17, 2022.
For the bi-week prediction for the BAND stock, the Signal Confidence (SC) was 33%. When combined with machine learning, these incredibly intricate mathematical operations used by Signal Confidence (SC) for statistical programming and modeling can compare their current coefficients and algorithms to newly added data and then modify their models to increase their accuracy through a process of validation and reflection. The AI algorithm determines the SC, which is expressed as a percentage out of 100%, based on the historical accuracy of each previous financial asset prediction as well as current market factors crucial to the stock price.
Let's review the results of this weekly forecast to determine the results:
Stock Ticker | Open: Nov 17, 2022 | Close: Nov 30, 2022 | ROI % |
Bandwidth (BAND) | $19.34 | $22.86 | 18.20% |
Subscribers who purchased BAND shares on November 17 2022 based on our AI Forecast for the 14-day time period would have made a profit of 18.20%, or $3.52 per share, on this single move. As previously said, this stock was repeatedly advised at various time periods. Always exercise discretion when studying the market. Prior to putting any financial plans into action, you should always conduct your own due diligence and seek assistance from a certified financial advisor.
Enhanced Market Intelligence
Finding market opportunities is made easier by using our AI system. It doesn't tell you what to do. It tells you where to look. Our skilled team of analysts carefully verifies the AI outputs and enhances this market research with a human touch, providing our subscribers with enhanced market intelligence. If you would like the AI advantage working for you, then you should subscribe today!
Life is better when you can be bullish.
Sources:
2. Yahoo Finance, "Bandwidth Inc. (BAND) Analysis" (2022)
Comments