BroadSoft, Inc. (NASDAQ:BSFT) is scheduled to post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect BroadSoft to post earnings of $0.36 per share for the quarter. BroadSoft has set its Q3 guidance at $0.23-0.40 EPS and its FY17 guidance at $2.20-2.50 EPS.

BroadSoft (NASDAQ:BSFT) last released its quarterly earnings results on Monday, August 7th. The software maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.53. BroadSoft had a negative net margin of 2.34% and a positive return on equity of 4.72%. The company had revenue of $88.80 million for the quarter, compared to analyst estimates of $86.63 million. During the same period last year, the firm earned $0.49 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. On average, analysts expect BroadSoft to post $2.27 EPS for the current fiscal year and $2.62 EPS for the next fiscal year.

BroadSoft, Inc. (BSFT) traded up 1.345% on Monday, hitting $54.625. 9,530,396 shares of the company were exchanged. BroadSoft, Inc. has a 52 week low of $33.85 and a 52 week high of $54.78. The stock’s market capitalization is $1.69 billion. The company has a 50 day moving average price of $51.51 and a 200-day moving average price of $43.66.

A number of brokerages recently issued reports on BSFT. Northland Securities reiterated a “hold” rating and issued a $42.00 price target on shares of BroadSoft in a research note on Friday, July 21st. Needham & Company LLC upped their price target on shares of BroadSoft from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, September 6th. William Blair reiterated a “buy” rating on shares of BroadSoft in a research note on Wednesday, August 9th. Barclays PLC began coverage on shares of BroadSoft in a research note on Friday, July 7th. They issued an “equal weight” rating and a $45.00 price target on the stock. Finally, 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. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $49.67.

TRADEMARK VIOLATION NOTICE: “BroadSoft, Inc. (BSFT) to Release Earnings on Monday” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/23/broadsoft-inc-bsft-to-release-earnings-on-monday.html.

In other news, Director John D. Jr. Markley sold 3,000 shares of BroadSoft stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $48.00, for a total transaction of $144,000.00. Following the completion of the sale, the director now directly owns 22,839 shares in the company, valued at $1,096,272. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Scott D. Hoffpauir sold 4,448 shares of BroadSoft stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $52.89, for a total value of $235,254.72. Following the sale, the insider now owns 94,656 shares of the company’s stock, valued at $5,006,355.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,136 shares of company stock valued at $1,693,639. Corporate insiders own 1.50% of the company’s stock.

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.

Earnings History for BroadSoft (NASDAQ:BSFT)

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.