Somewhat Favorable Media Coverage Somewhat Unlikely to Impact BroadSoft (BSFT) Stock Price

Media stories about BroadSoft (NASDAQ:BSFT) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BroadSoft earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.799228157885 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Several equities analysts recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and set a $55.00 price target on shares of BroadSoft in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of BroadSoft from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Wednesday. William Blair restated a “buy” rating on shares of BroadSoft in a research report on Wednesday, August 9th. Cowen and Company restated an “outperform” rating and issued a $51.00 price objective on shares of BroadSoft in a research report on Wednesday, June 28th. Finally, Northland Securities reiterated a “hold” rating and set a $42.00 price target on shares of BroadSoft in a research report on Wednesday, October 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. BroadSoft presently has a consensus rating of “Hold” and an average price target of $50.40.

Shares of BroadSoft (NASDAQ:BSFT) traded up 0.046% on Thursday, reaching $54.825. 705,626 shares of the company’s stock were exchanged. BroadSoft has a 52-week low of $33.85 and a 52-week high of $55.00. The stock’s market cap is $1.70 billion. The company’s 50 day moving average price is $51.91 and its 200-day moving average price is $44.06.

BroadSoft (NASDAQ:BSFT) last posted its earnings results on Monday, August 7th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.53. BroadSoft had a positive return on equity of 4.72% and a negative net margin of 2.34%. The firm had revenue of $88.80 million for the quarter, compared to analysts’ expectations of $86.63 million. During the same period in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Equities analysts forecast that BroadSoft will post $2.27 EPS for the current fiscal year.

In other news, insider Scott D. Hoffpauir sold 8,896 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $50.00, for a total value of $444,800.00. Following the sale, the insider now directly owns 105,502 shares of the company’s stock, valued at $5,275,100. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John D. Jr. Markley sold 3,000 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $48.00, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,136 shares of company stock worth $1,693,639. 1.50% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for BroadSoft (NASDAQ:BSFT)

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