BroadSoft (BSFT) Set to Announce Quarterly Earnings on Wednesday

BroadSoft (NASDAQ:BSFT) will announce its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $1.27 per share for the quarter.

BroadSoft (NASDAQ:BSFT) opened at $54.90 on Wednesday. BroadSoft has a 1-year low of $33.85 and a 1-year high of $55.05. The firm has a market cap of $1,740.00, a P/E ratio of -152.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.64 and a quick ratio of 2.64.

A number of brokerages have weighed in on BSFT. Needham & Company LLC lowered shares of BroadSoft from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of BroadSoft from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. BidaskClub lowered shares of BroadSoft from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Cowen lowered shares of BroadSoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. Finally, Raymond James Financial lowered shares of BroadSoft from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $50.40.

In other BroadSoft news, insider Scott D. Hoffpauir sold 4,448 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $54.57, for a total transaction of $242,727.36. Following the completion of the sale, the insider now directly owns 90,208 shares in the company, valued at approximately $4,922,650.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 13,344 shares of company stock valued at $730,317. Company insiders own 1.50% of the company’s stock.

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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.

Earnings History for BroadSoft (NASDAQ:BSFT)

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