The IBD SmartSelect Composite Rating for Bandwidth Cl A rose from 94 to 98 Thursday.
The new rating is a sign the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Bandwidth Cl A is not currently near a proper buy zone. Look for the stock to form and break out of a new base. Note that it is a thinly traded stock, with average daily dollar volume under $8 million.
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The stock earns a 97 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted an 87% increase in earnings for Q3. Top line growth rose 28%, up from 19% in the prior quarter. That marks one quarter of accelerating revenue gains. The company's next quarterly report is expected on or around Feb. 20.
Bandwidth Cl A holds the No. 8 rank among its peers in the Computer Software-Enterprise industry group. Enfusion, Samsara and Klaviyo are among the top 5 highly-rated stocks within the group.
