BAND
Bandwidth Inc.
BAND's outlook is improving, though it still trails on the overall score.
SNDK
Sandisk Corporation
SNDK has the edge over BAND overall, supported by stronger fundamentals and lower modeled downside.
BAND Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Stable |
BAND's revenue and cash flow are currently healthy, and its profitability and balance sheet are stable.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
BAND PE Valuation
BAND has no meaningful PE right now: it lost money over the past year.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
BAND Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for BAND, with profitability improving. However, they disagree widely on these estimates.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
BAND Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.05 | — |
| Q3 2026 | -$0.12 | +$0.27 |
| Q2 2026 | -$0.29 | +$0.05 |
| Q1 2026 | -$0.38 | -$0.03 |
| Q4 2025 | -$0.43 | +$0.14 |
| Q3 2025 | -$0.39 | +$0.55 |
| Q2 2025 | -$0.34 | +$0.81 |
| Q1 2025 | -$0.35 | +$0.78 |
| Q4 2024 | -$0.57 | +$0.49 |
BAND is still losing money, but far less than before: $0.12 per share over the past year, against $2.00 at its worst in early 2021.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over BAND in the latest year-over-year earnings comparison.
BAND Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $234M | +22% |
| Q2 2026 | $219.9M | +22% |
| Q1 2026 | $208.8M | +20% |
| Q4 2025 | $207.7M | -1.1% |
| Q3 2025 | $191.9M | -1% |
| Q2 2025 | $180M | +3.7% |
| Q1 2025 | $174.2M | +1.9% |
| Q4 2024 | $210M | +27% |
BAND's revenue is growing: $234M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.8% | +1.8 points |
| Q2 2026 | -2.1% | 0 points |
| Q1 2026 | -2.2% | +0.5 points |
| Q4 2025 | -1.9% | -0.6 points |
| Q3 2025 | -1.1% | -0.6 points |
| Q2 2025 | -2.1% | +1.4 points |
| Q1 2025 | -2.7% | +3.4 points |
| Q4 2024 | -1.3% | +4.8 points |
BAND's operating margin was 0.8% last quarter, up 1.8 points from the same quarter a year ago.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK has the edge over BAND on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over BAND on profitability, with a higher operating margin.
BAND Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $35M | +119% |
| Q2 2026 | $26.1M | -7.1% |
| Q1 2026 | $1.7M | +$12.1M |
| Q4 2025 | $33.5M | +1.1% |
| Q3 2025 | $16M | -5.8% |
| Q2 2025 | $28.2M | +37% |
| Q1 2025 | -$10.5M | -$9.6M |
| Q4 2024 | $33.2M | +117% |
BAND generated $96M in free cash flow over the past year, up 44% from the year before.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
BAND Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +20% | +6.6M shares |
| 1 year | +33% | +9.9M shares |
| 3 years | +57% | +14.5M shares |
| 5 years | +60% | +15M shares |
| Available history | +68% | +16.2M shares |
BAND has 40M diluted shares, up 33% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10M |
| Q2 2026 | $15M |
| Q1 2026 | $5M |
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has the edge over BAND on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
BAND Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 2.3x | Moderate |
| Q4 2025 | 3.7x | Elevated |
| Q3 2025 | 4.5x | High |
| Q2 2025 | 4.9x | High |
| Q1 2025 | 6.0x | High |
| Q4 2024 | 6.8x | High |
BAND's net debt is about 2.5 years of its operating earnings (EBITDA), down from 4.5 years a year ago.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has the edge over BAND on leverage, with a lower net debt burden relative to earnings.
BAND Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.2 | Neutral |
| Stochastic | 26.1 | Neutral |
BAND's weekly RSI is 49 (neutral) and its Stochastic is 26 (neutral).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
BAND PE vs Technology Sector
| Metric | BAND | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
BAND has no meaningful PE right now: it lost money over the past year.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK is trading at 7.5x earnings, a 73% discount to the Technology sector's median of 28x, though its earnings don't support one.
BAND Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $50.0 | 7.5% below |
| 20 week MA | $53.0 | 13% below |
| 50 week MA | $38.3 | 21% above |
| 100 week MA | $26.7 | 73% above |
| 200 week MA | $21.3 | 117% above |
BAND has stronger trend alignment. BAND is above 3 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
BAND Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.3 | $174.1 | +167% |
| 2021 | $174.1 | $72.9 | -58% |
| 2022 | $72.9 | $23.7 | -68% |
| 2023 | $23.7 | $14.5 | -39% |
| 2024 | $14.5 | $17.3 | +20% |
| 2025 | $17.3 | $15.2 | -12% |
| 2026 YTD | $15.2 | $46.3 | +205% |
BAND's yearly returns have swung widely, from +167% in 2020 to −68% in 2022. It's up 205% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over BAND on returns for 2026, with the stronger performance.