Equities research analysts expect BroadSoft Inc (NASDAQ:BSFT) to announce sales of $125.98 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for BroadSoft’s earnings. The highest sales estimate is $129.80 million and the lowest is $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 expected to report its next quarterly earnings report 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 fiscal year, analysts anticipate that the company will post sales of $433.65 million per share, with estimates ranging from $411.93 million to $452.80 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow BroadSoft.

Several brokerages have commented on BSFT. Jefferies Group reaffirmed a “buy” rating and issued a $55.00 price objective on shares of BroadSoft in a research report on Thursday, September 28th. Northland Securities restated a “hold” rating and issued a $42.00 price target on shares of BroadSoft in a research report on Wednesday, October 4th. William Blair restated an “outperform” rating on shares of BroadSoft in a report on Thursday, October 5th. Zacks Investment Research upgraded BroadSoft from a “hold” rating to a “strong-buy” rating and set a $63.00 target price on the stock in a research note on Monday, October 9th. Finally, Robert W. Baird restated a “hold” rating and set a $45.00 price target on shares of BroadSoft in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. BroadSoft has an average rating of “Hold” and a consensus target price of $50.40.

BroadSoft (BSFT) opened at $54.65 on Tuesday. 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 quick ratio of 2.64 and a current ratio of 2.64. The stock has a market cap of $1,740.00, a price-to-earnings ratio of -151.81, a PEG ratio of 3.53 and a beta of 0.93.

In related news, insider Scott D. Hoffpauir sold 4,448 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 94,656 shares of the company’s stock, valued at approximately $5,006,355.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 13,344 shares of company stock valued at $721,110 in the last ninety days. Company insiders own 1.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of BroadSoft in the 3rd quarter worth approximately $130,000. Eqis Capital Management Inc. purchased a new position in shares of BroadSoft in the third quarter valued at $208,000. Ramsey Quantitative Systems purchased a new position in BroadSoft during the second quarter worth $349,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of BroadSoft during the third quarter worth $387,000. Finally, Legal & General Group Plc raised its holdings in shares of BroadSoft by 35.0% in the second quarter. Legal & General Group Plc now owns 9,506 shares of the software maker’s stock valued at $409,000 after acquiring an additional 2,465 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Anticipate BroadSoft Inc (BSFT) Will Post Quarterly Sales of $125.98 Million” was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2018/01/09/zacks-analysts-anticipate-broadsoft-inc-bsft-will-post-quarterly-sales-of-125-98-million.html.

About BroadSoft

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.

Get a free copy of the Zacks research report on BroadSoft (BSFT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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