Why Bandwidth Stock Fell 10.5% Last Month
What happened
Shares of Bandwidth(NASDAQ:BAND) dipped 10.5% in May, according to data from S&P Global Market Intelligence. The communications platform as a service (CPaaS) stock lost ground amid a broader pullback for the growth-dependent cloud services space.
BAND data by YCharts
Bandwidth published first-quarter earnings results on May 5, delivering sales and earnings that came in ahead of the market’s expectations. However, despite the top- and bottom-line beats, the stock ended the month down…
