Northland Securities Cuts Price Target on Broadsoft (BSFT)
Equities research analysts at Northland Securities decreased their price target on shares of Broadsoft (NASDAQ: BSFT) from $45.00 to $41.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock.
BSFT has been the subject of a number of other recent research reports. Analysts at Mizuho raised their price target on shares of Broadsoft from $43.00 to $54.00 in a research note to investors on Friday, May 4th. They now have a “buy” rating on the stock. Separately, analysts at Sidoti downgraded shares of Broadsoft from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, May 1st. Finally, analysts at Auriga initiated coverage on shares of Broadsoft in a research note to investors on Tuesday, May 1st. They set a “buy” rating and a $50.00 price target on the stock.
Shares of Broadsoft opened at 31.90 on Tuesday. Broadsoft has a 52 week low of $21.26 and a 52 week high of $45.32. The company has a market cap of $877.1 million and a P/E ratio of 29.54.
Broadsoft last announced its earnings results on Monday, May 7th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.06. The company’s quarterly revenue was up 29.0% on a year-over-year basis. On average, analysts predict that Broadsoft will post $0.31 earnings per share next quarter.
BroadSoft, Inc. (BroadSoft), incorporated on November 17, 1998, is a global provider of software and services that enable mobile, fixed-line and cable service providers to deliver unified communications (UC) and other voice and multimedia services over their Internet protocol-based (IP-based) networks.