🔴 Bandwidth is trading 16.3% down in pre-market with no verified company-specific explanation

Bandwidth is trading at $40.55, down 16.31% in pre-market; broad software weakness may add pressure, but no company-specific explanation is verified.

• Q3 revenue reached a record $234 million, above the roughly $233 million consensus estimate.
• The available report summary also describes sharply higher adjusted EBITDA.
• ServiceNow shares are also weak pre-market after a profit miss and weaker revenue outlook; this does not establish the cause of Bandwidth’s larger decline.