BroadSoft Inc (BSFT) Releases Q3 Earnings Guidance
BroadSoft Inc (NASDAQ:BSFT) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.17-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27, Analyst Ratings News reports. The company issued revenue guidance of $48-52 million, compared to the consensus revenue estimate of $50.92 million.BroadSoft also updated its FY14 guidance to $1.26-1.49 EPS.
BSFT has been the subject of a number of recent research reports. 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 issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $29.47.
Shares of BroadSoft Inc (NASDAQ:BSFT) traded down 0.34% on Tuesday, hitting $23.78. The stock had a trading volume of 207,794 shares. 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 $682.0 million.
BroadSoft (NASDAQ:BSFT) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that BroadSoft Inc will post $1.26 EPS for the current fiscal year.
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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