BroadSoft (BSFT) Posts Quarterly Earnings, Beats Expectations By $0.04 EPS
BroadSoft (NASDAQ:BSFT) announced its earnings results on Friday. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.04, AmericanBankingNews.com reports. The company had revenue of $52.00 million for the quarter, compared to the consensus estimate of $50.01 million.
BroadSoft (NASDAQ:BSFT) opened at 30.88 on Friday. BroadSoft has a one year low of $20.45 and a one year high of $37.93. The stock’s 50-day moving average is $29.31 and its 200-day moving average is $30.66. The company’s market cap is $872.0 million.
Several analysts have recently commented on the stock. Analysts at Dougherty & Co initiated coverage on shares of BroadSoft in a research note on Thursday, January 30th. They set a “buy” rating and a $36.00 price target on the stock. On the ratings front, analysts at Needham & Company raised their price target on shares of BroadSoft to $33.00 in a research note on Thursday, January 30th. Finally, analysts at Mizuho initiated coverage on shares of BroadSoft in a research note on Tuesday, January 21st. They set a “buy” rating and a $36.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.89.
BroadSoft, Inc (NASDAQ:BSFT) is a is a global provider of software and services that enable mobile, fixed-line and cable service providers to deliver unified communications (UC) and other voice and multimedia services over their Internet protocol-based (IP-based) networks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.