BroadSoft, Inc. (NASDAQ:BSFT) Issues Q3 Earnings Guidance
BroadSoft, Inc. (NASDAQ:BSFT) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $0.23-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.65. The company issued revenue guidance of $84-90 million, compared to the consensus revenue estimate of $98.23 million.BroadSoft also updated its FY17 guidance to $2.20-2.50 EPS.
A number of research firms have commented on BSFT. Jefferies Group LLC reiterated a buy rating and issued a $55.00 price target on shares of BroadSoft in a research note on Tuesday, July 25th. Cowen and Company reiterated an outperform rating and issued a $51.00 price target on shares of BroadSoft in a research note on Wednesday, June 28th. BidaskClub cut BroadSoft from a buy rating to a hold rating in a research note on Monday, July 24th. Northland Securities restated a hold rating and issued a $42.00 price objective on shares of BroadSoft in a research note on Friday, July 21st. Finally, Robert W. Baird began coverage on BroadSoft in a research note on Tuesday, April 11th. They issued a neutral rating and a $44.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. BroadSoft currently has an average rating of Buy and an average target price of $46.88.
BroadSoft, Inc. (NASDAQ:BSFT) opened at 42.75 on Monday. The stock’s market capitalization is $1.31 billion. The stock has a 50 day moving average price of $42.89 and a 200 day moving average price of $41.10. BroadSoft, Inc. has a 52 week low of $33.85 and a 52 week high of $48.40.
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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