Large Outflow of Money Witnessed in BroadSoft

BroadSoft (BSFT) : The value of composite uptick trades was $0.89 million, whereas, the value of composite downtick trades was $2.59 million. The uptick to downtick ratio stood at 0.34 with a negative money flow of ($1.7) Million during Fridays trading session. The block trades money flow was negative ($1.63 million). The transaction of the trades on downticks amounted to $1.63 million, which confirms investors selling on the strength of price. BroadSoft (BSFT) gained 32 cents at $46.3, an increase of 0.7% over the previous days close.


BroadSoft (BSFT) : Currently there are 7 street experts covering BroadSoft (BSFT) stock. The most bullish and bearish price target for the stock is $48 and $33 respectively for the short term. The average price target of all the analysts comes to $44.57. The estimated standard deviation from the target is $5.32.

BroadSoft (NASDAQ:BSFT): stock turned positive on Friday. Though the stock opened at $45.9, the bulls momentum made the stock top out at $47.5 level for the day. The stock recorded a low of $45.82 and closed the trading day at $47.3, in the green by 2.87%. The total traded volume for the day was 463,830. The stock had closed at $45.98 in the previous days trading.

In a related news, Behbehani Taher G., officer (Chief Marketing Officer) of Broadsoft, Inc., unloaded 4,273 shares at an average price of $45.89 on July 21, 2016. The total amount of the transaction was worth $196,088, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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 Companys application server software offering. The Companys 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 Companys technology include SIP, Call control, Geographic redundancy, Common OAMP platform, Media resource framework, Client technology, IMS and VoLTE and, Network Function Virtualization.

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