Wall Street analysts forecast that BroadSoft, Inc. (NASDAQ:BSFT) will report $125.98 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for BroadSoft’s earnings, with the highest sales estimate coming in at $129.80 million and the lowest estimate coming in at $120.03 million. BroadSoft posted sales of $101.98 million during the same quarter last year, which would indicate a positive year over year growth rate of 23.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that BroadSoft will report full year sales of $125.98 million for the current fiscal year, with estimates ranging from $379.93 million to $389.70 million. For the next financial year, analysts expect that the business will post sales of $433.65 million per share, with estimates ranging from $411.93 million to $452.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for BroadSoft.

A number of brokerages have issued reports on BSFT. Northland Securities restated a “hold” rating and set a $42.00 price objective on shares of BroadSoft in a research report on Sunday, November 19th. Raymond James Financial downgraded BroadSoft from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 15th. Cowen downgraded BroadSoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 7th. Zacks Investment Research downgraded BroadSoft from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Dougherty & Co downgraded BroadSoft from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $50.40.

Shares of BroadSoft (NASDAQ:BSFT) opened at $54.60 on Wednesday. BroadSoft has a 52-week low of $33.85 and a 52-week high of $55.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.64 and a quick ratio of 2.64. The company has a market capitalization of $1,739.13, a PE ratio of 157.00, a P/E/G ratio of 4.30 and a beta of 0.92.

In other news, insider Scott D. Hoffpauir sold 4,448 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $54.57, for a total transaction of $242,727.36. Following the transaction, the insider now owns 90,208 shares of the company’s stock, valued at $4,922,650.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 13,344 shares of company stock worth $707,054. Insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. bought a new position in shares of BroadSoft during the third quarter valued at approximately $130,000. Eqis Capital Management Inc. bought a new position in shares of BroadSoft during the third quarter valued at approximately $208,000. Pitcairn Co. bought a new position in shares of BroadSoft during the second quarter valued at approximately $222,000. US Bancorp DE grew its stake in shares of BroadSoft by 9.6% during the second quarter. US Bancorp DE now owns 6,595 shares of the software maker’s stock valued at $284,000 after buying an additional 579 shares during the last quarter. Finally, Wrapmanager Inc. bought a new position in shares of BroadSoft during the second quarter valued at approximately $300,000.

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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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Earnings History and Estimates for BroadSoft (NASDAQ:BSFT)

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