BroadSoft (BSFT) has risen sharply, recording gains of 8.44% in the past 4 weeks. However, the stock has corrected -5.22% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.53% and the 50-Day Moving Average is 3.95%. BroadSoft, Inc. is up 14.45% in the last 3-month period. Year-to-Date the stock performance stands at 26.78%.
BroadSoft (NASDAQ:BSFT): stock turned positive on Friday. Though the stock opened at $44.42, the bulls momentum made the stock top out at $45.02 level for the day. The stock recorded a low of $42.96 and closed the trading day at $44.83, in the green by 1.36%. The total traded volume for the day was 1,303,839. The stock had closed at $44.23 in the previous days trading.
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.