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BroadSoft Inc (NASDAQ:BSFT) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.26-1.49 for the period, compared to the Thomson Reuters consensus estimate of $1.27, AnalystRatings.Net reports. The company issued revenue guidance of $207-213 million, compared to the consensus revenue estimate of $209.77 million.BroadSoft also updated its Q3 guidance to $0.17-0.30 EPS.

BroadSoft Inc (NASDAQ:BSFT) traded down 0.17% during mid-day trading on Tuesday, hitting $23.82. 209,427 shares of the company’s stock traded hands. BroadSoft Inc has a 52-week low of $18.88 and a 52-week high of $37.93. The stock has a 50-day moving average of $23.86 and a 200-day moving average of $25.1. The company’s market cap is $683.1 million.

BroadSoft (NASDAQ:BSFT) last released its earnings data on Monday, August 4th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.07. The company had revenue of $52.50 million for the quarter, compared to the consensus estimate of $49.45 million. During the same quarter last year, the company posted $0.32 earnings per share. BroadSoft’s revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that BroadSoft Inc will post $1.26 earnings per share for the current fiscal year.

A number of research firms have recently commented on BSFT. Analysts at Zacks upgraded shares of BroadSoft from a neutral rating to an outperform rating in a research note on Wednesday, August 6th. They now have a $27.30 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a hold rating on shares of BroadSoft in a research note on Tuesday, August 5th. They now have a $22.00 price target on the stock, up previously from $20.00. Finally, analysts at Needham & Company LLC raised their price target on shares of BroadSoft from $28.00 to $29.00 in a research note on Tuesday, August 5th. They now have a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $29.47.

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.

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