BroadSoft (NASDAQ:BSFT) is set to issue its quarterly earnings data before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $1.27 per share for the quarter.
Shares of BroadSoft (NASDAQ BSFT) opened at $54.90 on Monday. 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 company has a market cap of $1,740.00, a P/E ratio of -152.50 and a beta of 0.97.
BSFT has been the subject of a number of analyst reports. Needham & Company LLC cut shares of BroadSoft from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Raymond James Financial reissued an “outperform” rating and set a $55.00 target price on shares of BroadSoft in a research report on Tuesday, October 24th. Dougherty & Co cut shares of BroadSoft from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research raised shares of BroadSoft from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Wednesday, October 25th. Finally, Cowen cut shares of BroadSoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus 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 firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $54.96, for a total value of $244,462.08. Following the completion of the transaction, the insider now owns 77,991 shares of the company’s stock, valued at $4,286,385.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.
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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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