BroadSoft (BSFT) Earning Somewhat Positive Press Coverage, Report Shows
News coverage about BroadSoft (NASDAQ:BSFT) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BroadSoft earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 45.5638080613053 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Cisco’s Acquisitions Help Brighten the Networker’s Outlook (finance.yahoo.com)
- [$$] Cisco Guides Return to Revenue Growth (finance.yahoo.com)
- Cisco shares hit highest prices since dot-com bust after predicting return to growth (finance.yahoo.com)
- Raymond James Financial, Inc. Lowers BroadSoft, Inc. (BSFT) to Market Perform (americanbankingnews.com)
BSFT has been the subject of several research reports. Dougherty & Co cut shares of BroadSoft from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research cut shares of BroadSoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Raymond James Financial, Inc. cut shares of BroadSoft from an “outperform” rating to a “market perform” rating in a report on Wednesday. Needham & Company LLC raised their price target on shares of BroadSoft from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Finally, ValuEngine upgraded shares of BroadSoft from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. BroadSoft has an average rating of “Hold” and an average price target of $50.40.
BroadSoft (NASDAQ:BSFT) opened at $54.55 on Friday. The firm has a market cap of $1,730.00, a P/E ratio of 156.14, a P/E/G ratio of 4.27 and a beta of 0.96. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.41. BroadSoft has a 52-week low of $33.85 and a 52-week high of $55.00.
In other news, insider Scott D. Hoffpauir sold 8,896 shares of BroadSoft stock in a transaction that occurred 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 transaction, the insider now owns 105,502 shares of the company’s stock, valued at $5,275,100. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John D. Jr. Markley sold 3,000 shares of BroadSoft stock in a transaction that occurred 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 directly owns 22,839 shares in the company, valued at approximately $1,096,272. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,136 shares of company stock worth $1,693,639. Insiders own 1.50% of the company’s stock.
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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