BroadSoft, Inc. (BSFT) Set to Announce Earnings on Monday
BroadSoft, Inc. (NASDAQ:BSFT) is scheduled to be posting its quarterly earnings results before the market opens on Monday, July 31st. Analysts expect BroadSoft to post earnings of $0.29 per share for the quarter. BroadSoft has set its Q2 guidance at $0.20-0.32 EPS and its FY17 guidance at $2.20-2.50 EPS.
BroadSoft (NASDAQ:BSFT) last posted its quarterly earnings data on Monday, May 1st. The software maker reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $79.70 million during the quarter, compared to analyst estimates of $80.42 million. BroadSoft had a negative net margin of 2.36% and a positive return on equity of 5.12%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share. On average, analysts expect BroadSoft to post $0.78 EPS for the current fiscal year and $1.12 EPS for the next fiscal year.
Shares of BroadSoft, Inc. (NASDAQ:BSFT) opened at 42.65 on Monday. The stock’s 50 day moving average is $42.49 and its 200 day moving average is $41.05. The firm’s market cap is $1.31 billion. BroadSoft, Inc. has a 12-month low of $33.85 and a 12-month high of $48.40.
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A number of analysts have recently weighed in on the stock. Northland Securities reaffirmed a “hold” rating and set a $42.00 price target on shares of BroadSoft in a report on Friday. Barclays PLC assumed coverage on shares of BroadSoft in a report on Friday, July 7th. They set an “equal weight” rating and a $45.00 price target for the company. BidaskClub downgraded shares of BroadSoft from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Cowen and Company reaffirmed an “outperform” rating and set a $51.00 price target on shares of BroadSoft in a report on Wednesday, June 28th. Finally, ValuEngine raised shares of BroadSoft from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. BroadSoft presently has a consensus rating of “Buy” and an average price target of $47.33.
BroadSoft Company Profile
BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.
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