BroadSoft Inc (BSFT) Releases Earnings Results, Beats Expectations By $0.11 EPS

BroadSoft Inc (BSFT) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.26. The company posted revenue of $73.10 million in the period, compared to analysts expectations of $71.59 million. The company’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on BroadSoft Inc. Company shares were Reiterated by Dougherty & Company on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .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 .

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

Leave a Reply

BroadSoft Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on BroadSoft Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.