Despite being the number two player in the CPaaS market, Bandwidth (BAND) remains an attractive long-term investment. The company reported revenue growth of 18%, with their CPaaS revenue growing 20% during the quarter. The company announced a large new customer contract win as well as raising guidance for the year. Even with the strong quarter, management guided to Q3 slightly below expectations, though full-year guidance remains healthy as there is likely a nice ramp of the new contract in Q4.
Shares were up just over 5% the day after earnings, despite an initial