BroadSoft, Inc. (BSFT) Issues FY17 Earnings Guidance
BroadSoft, Inc. (NASDAQ:BSFT) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $2.20-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.30. The company issued revenue guidance of $380-390 million, compared to the consensus revenue estimate of $384.79 million.BroadSoft also updated its Q3 guidance to $0.23-0.40 EPS.
Shares of BroadSoft, Inc. (NASDAQ:BSFT) opened at 42.75 on Monday. The company has a 50-day moving average of $42.89 and a 200-day moving average of $41.10. BroadSoft, Inc. has a one year low of $33.85 and a one year high of $48.40. The company’s market capitalization is $1.31 billion.
BSFT has been the subject of a number of analyst reports. William Blair reissued a buy rating on shares of BroadSoft in a research report on Sunday, April 9th. Robert W. Baird assumed coverage on shares of BroadSoft in a report on Tuesday, April 11th. They set a neutral rating and a $44.00 target price for the company. Needham & Company LLC reduced their target price on shares of BroadSoft from $48.00 to $44.00 and set a buy rating for the company in a report on Tuesday, May 2nd. Dougherty & Co reduced their target price on shares of BroadSoft from $50.00 to $44.00 and set a buy rating for the company in a report on Tuesday, May 2nd. Finally, Cowen and Company reduced their target price on shares of BroadSoft from $54.00 to $51.00 and set an outperform rating for the company in a report on Tuesday, May 2nd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $46.88.
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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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