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Fly News Breaks for January 13, 2020
BAND
Jan 13, 2020 | 08:18 EDT
KeyBanc analyst Alex Kurtz assumed coverage of Bandwidth with an Overweight rating and $76 price target. The analyst believes Bandwidth remains a leader in the CPaaS Voice market with a growing list of Cloud Titans, SPs, and UCaaS customers driving "strong secular growth" in CPaaS with increased daily usage. Kurtz sees the recent pullback due to large deal timing as an attractive entry point.
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