$127.47 Million in Sales Expected for BroadSoft Inc (BSFT) This Quarter

Equities research analysts forecast that BroadSoft Inc (NASDAQ:BSFT) will announce sales of $127.47 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for BroadSoft’s earnings, with the highest sales estimate coming in at $129.80 million and the lowest estimate coming in at $123.13 million. BroadSoft reported sales of $101.98 million during the same quarter last year, which would indicate a positive year over year growth rate of 25%. The business is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that BroadSoft will report full-year sales of $127.47 million for the current fiscal year, with estimates ranging from $381.38 million to $389.70 million. For the next financial year, analysts anticipate that the firm will post sales of $434.69 million per share, with estimates ranging from $411.93 million to $452.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover BroadSoft.

BroadSoft (NASDAQ:BSFT) last posted its quarterly earnings results on Monday, November 6th. The software maker reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. The business had revenue of $91.47 million during the quarter, compared to the consensus estimate of $87.92 million. BroadSoft had a negative net margin of 2.86% and a positive return on equity of 3.78%.

A number of equities analysts recently commented on BSFT shares. Dougherty & Co downgraded shares of BroadSoft from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of BroadSoft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Raymond James Financial downgraded shares of BroadSoft from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 15th. BidaskClub downgraded shares of BroadSoft from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Finally, Needham & Company LLC downgraded shares of BroadSoft from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $50.40.

In related news, insider Scott D. Hoffpauir sold 4,448 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $54.66, for a total value of $243,127.68. Following the completion of the sale, the insider now directly owns 83,945 shares of the company’s stock, valued at $4,588,433.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 13,344 shares of company stock valued at $730,317. 1.50% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in BroadSoft by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 23,393 shares of the software maker’s stock valued at $1,007,000 after acquiring an additional 750 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in BroadSoft by 0.3% in the third quarter. Westfield Capital Management Co. LP now owns 397,151 shares of the software maker’s stock valued at $19,977,000 after acquiring an additional 1,375 shares during the last quarter. American International Group Inc. lifted its position in BroadSoft by 8.1% in the third quarter. American International Group Inc. now owns 20,600 shares of the software maker’s stock valued at $1,036,000 after acquiring an additional 1,540 shares during the last quarter. California Public Employees Retirement System lifted its position in BroadSoft by 3.0% in the second quarter. California Public Employees Retirement System now owns 55,600 shares of the software maker’s stock valued at $2,394,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Swiss National Bank lifted its position in BroadSoft by 3.4% in the third quarter. Swiss National Bank now owns 51,400 shares of the software maker’s stock valued at $2,585,000 after acquiring an additional 1,700 shares during the last quarter.

BroadSoft (NASDAQ BSFT) opened at $54.95 on Friday. 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 company has a market cap of $1,750.00, a price-to-earnings ratio of -152.64, a P/E/G ratio of 3.32 and a beta of 0.93. BroadSoft has a 12 month low of $33.85 and a 12 month high of $55.05.

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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.

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