BroadSoft, Inc. (BSFT) to Release Earnings on Monday
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.
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.
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