BroadSoft (NASDAQ:BSFT) had its target price decreased by Cowen and Company from $30.00 to $27.00 in a report issued on Tuesday, Analyst Ratings Net reports. They currently have a market perform rating on the stock.
Shares of BroadSoft (NASDAQ:BSFT) traded down 1.16% during mid-day trading on Tuesday, hitting $25.49. The stock had a trading volume of 402,281 shares. BroadSoft has a 52 week low of $20.45 and a 52 week high of $39.35. The stock’s 50-day moving average is $35.25 and its 200-day moving average is $31.13. The company has a market cap of $716.7 million and a price-to-earnings ratio of 268.65.
BroadSoft (NASDAQ:BSFT) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.01. The company had revenue of $42.90 million for the quarter, compared to the consensus estimate of $45.16 million. During the same quarter last year, the company posted $0.35 earnings per share. BroadSoft’s revenue was up 6.7% compared to the same quarter last year. On average, analysts predict that BroadSoft will post $1.21 earnings per share for the current fiscal year.
BSFT has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. reiterated a hold rating on shares of BroadSoft in a research note to investors on Tuesday. They now have a $33.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of BroadSoft from $28.00 to $26.00 in a research note to investors on Tuesday. They now have a hold rating on the stock. Finally, analysts at Pacific Crest downgraded shares of BroadSoft from an outperform rating to a sector perform rating in a research note to investors on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $31.48.
BroadSoft, Inc (NASDAQ:BSFT) is a is a global provider of software and services that enable mobile, fixed-line and cable service providers to deliver unified communications (UC) and other voice and multimedia services over their Internet protocol-based (IP-based) networks.
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