A number of research firms have changed their ratings and price targets for BroadSoft (NASDAQ: BSFT):

  • 8/8/2017 – BroadSoft had its price target raised by analysts at Robert W. Baird from $41.00 to $45.00. They now have a “neutral” rating on the stock.
  • 7/28/2017 – BroadSoft had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $51.00 price target on the stock.
  • 7/25/2017 – BroadSoft had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $55.00 price target on the stock.
  • 7/24/2017 – BroadSoft was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/21/2017 – BroadSoft had its “hold” rating reaffirmed by analysts at Northland Securities. They now have a $42.00 price target on the stock.
  • 7/7/2017 – BroadSoft is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $45.00 price target on the stock.
  • 7/5/2017 – BroadSoft was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/28/2017 – BroadSoft had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $51.00 price target on the stock.
  • 6/27/2017 – BroadSoft was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/27/2017 – BroadSoft was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 6/26/2017 – BroadSoft had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $55.00 price target on the stock.
  • 6/19/2017 – BroadSoft had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $50.00 price target on the stock, up previously from $46.00.

Shares of BroadSoft, Inc. (NASDAQ:BSFT) opened at 45.30 on Tuesday. BroadSoft, Inc. has a 12 month low of $33.85 and a 12 month high of $48.40. The firm’s market cap is $1.39 billion. The stock’s 50 day moving average is $42.89 and its 200 day moving average is $41.10.

BroadSoft (NASDAQ:BSFT) last released its quarterly earnings data on Monday, August 7th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.11. BroadSoft had a positive return on equity of 5.12% and a negative net margin of 2.36%. The company had revenue of $88.80 million during the quarter, compared to the consensus estimate of $86.63 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. Analysts forecast that BroadSoft, Inc. will post $2.28 EPS for the current fiscal year.

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.

Receive News & Ratings for BroadSoft Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BroadSoft Inc and related companies with MarketBeat.com's FREE daily email newsletter.