BroadSoft Inc (BSFT) is Reiterated by Dougherty & Company to Buy, Raises Price Target to $ 47

BroadSoft Inc (BSFT) was Reiterated by Dougherty & Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 47 from a previous price target of $45 . Dougherty & Company advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on BroadSoft Inc. Company shares were Reiterated by Needham on Mar 1, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $42 .

On the company’s financial health, BroadSoft Inc reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.37 according to the earnings call on Feb 29, 2016. Analyst had a consensus of $0.67. The company had revenue of $89.60 million for the quarter, compared to analysts expectations of $81.61 million. The company’s revenue was up 36.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

BroadSoft Inc opened for trading at $39.86 and hit $40.76 on the upside on Wednesday, eventually ending the session at $40.22, with a gain of 0.95% or 0.38 points. The heightened volatility saw the trading volume jump to 2,23,162 shares. Company has a market cap of $1,171 M.

In a different news, on Apr 22, 2016, Taher G. Behbehani (Chief Marketing Officer) sold 2,382 shares at $40.74 per share price. According to the SEC, on Apr 20, 2016, Michael Tessler (President & CEO) sold 9,718 shares at $40.21 per share price. On Apr 12, 2016, John D. Jr. Markley (director) sold 2,000 shares at $40.79 per share price, according to the Form-4 filing with the securities and exchange commission.

BroadSoft Inc. is a provider of software and services that enable mobile fixed-line and cable service providers to deliver hosted cloud-based unified communications (UC) over their internet protocol (IP)- -based networks. The Company offers service providers two deployment options software and software-as-a-service (SaaS). Hosted UC enables the delivery of PBX features without the need for premise-based equipment. BroadWorks is the Company’s application server software offering. The Company’s second deployment option is BroadCloud SaaS offering. UC-One is a communications and collaboration offering that enables mobile fixed-line cable and converged service providers to offer businesses and other enterprises UC features and functionalities on a hosted basis. The key elements of the Company’s technology include SIP Call control Geographic redundancy Common OAMP platform Media resource framework Client technology IMS and VoLTE and Network Function Virtualization.

BroadSoft Inc

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