BroadSoft, Inc. (NASDAQ:BSFT) is set to announce its earnings results before the market opens on Monday, July 31st. Analysts expect the company to announce earnings of $0.29 per share for the quarter. BroadSoft has set its Q2 guidance at $0.20-0.32 EPS and its FY17 guidance at $2.20-2.50 EPS.
BroadSoft (NASDAQ:BSFT) last issued its quarterly earnings data on Monday, May 1st. The software maker reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. BroadSoft had a positive return on equity of 5.12% and a negative net margin of 2.36%. The business had revenue of $79.70 million for the quarter, compared to analysts’ expectations of $80.42 million. During the same period last year, the business earned $0.37 EPS. The business’s revenue was up 9.0% on a year-over-year basis. On average, analysts expect BroadSoft to post $2.27 EPS for the current fiscal year and $2.62 EPS for the next fiscal year.
BroadSoft, Inc. (NASDAQ BSFT) opened at 44.10 on Friday. The firm’s 50-day moving average price is $42.78 and its 200 day moving average price is $41.11. The company’s market capitalization is $1.35 billion. BroadSoft, Inc. has a 52 week low of $33.85 and a 52 week high of $48.40.
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Several brokerages recently weighed in on BSFT. Cowen and Company reaffirmed a “buy” rating and issued a $51.00 price target on shares of BroadSoft in a research note on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $55.00 target price on shares of BroadSoft in a report on Tuesday, July 25th. BidaskClub downgraded BroadSoft from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Northland Securities reissued a “hold” rating and issued a $42.00 target price on shares of BroadSoft in a report on Friday, July 21st. Finally, Barclays PLC started coverage on BroadSoft in a report on Friday, July 7th. They issued an “equal weight” rating and a $45.00 target price on the stock. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $47.33.
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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