BroadSoft (BSFT) Given News Impact Score of 0.26
News articles about BroadSoft (NASDAQ:BSFT) have been trending positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. BroadSoft earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 45.1406234762528 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
BSFT has been the subject of several recent analyst reports. Wells Fargo & Company reissued an “outperform” rating and set a $50.00 price objective (up from $46.00) on shares of BroadSoft in a report on Monday, June 19th. Northland Securities reissued a “hold” rating and set a $42.00 price objective on shares of BroadSoft in a report on Friday, July 21st. Barclays PLC initiated coverage on shares of BroadSoft in a report on Friday, July 7th. They set an “equal weight” rating and a $45.00 price objective for the company. BidaskClub lowered shares of BroadSoft from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, Cowen and Company reissued a “buy” rating and set a $51.00 price objective on shares of BroadSoft in a report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $48.38.
BroadSoft (NASDAQ:BSFT) traded up 1.3516% on Thursday, hitting $54.2738. 181,259 shares of the stock traded hands. The firm’s market cap is $1.68 billion. The stock has a 50-day moving average of $48.34 and a 200-day moving average of $42.61. BroadSoft has a 12-month low of $33.85 and a 12-month high of $54.27.
BroadSoft (NASDAQ:BSFT) last announced its quarterly earnings data on Monday, August 7th. The software maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.53. BroadSoft had a negative net margin of 2.34% and a positive return on equity of 4.72%. The company had revenue of $88.80 million during the quarter, compared to analysts’ expectations of $86.63 million. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Analysts forecast that BroadSoft will post $2.27 earnings per share for the current year.
In other news, insider Scott D. Hoffpauir sold 8,896 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $50.00, for a total value of $444,800.00. Following the completion of the transaction, the insider now owns 105,502 shares in the company, valued at approximately $5,275,100. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John D. Jr. Markley sold 3,000 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $48.00, for a total transaction of $144,000.00. Following the completion of the transaction, the director now owns 22,839 shares of the company’s stock, valued at approximately $1,096,272. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,688 shares of company stock valued at $1,458,384. Corporate insiders own 1.50% of the company’s stock.
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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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