Sidoti Lowers Broadsoft to Neutral (BSFT)

By admin | 6 years ago

Broadsoft (NASDAQ: BSFT) was downgraded by investment analysts at Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday.

Shares of Broadsoft traded down 3.24% during mid-day trading on Tuesday, hitting $42.08. Broadsoft has a one year low of $21.26 and a one year high of $46.95. The company has a market cap of $1.145 billion and a P/E ratio of 37.82.

The company last announced its quarterly results on Wednesday, February 29th. It reported $0.38 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.28 EPS by $0.10. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts predict that Broadsoft will post $0.28 earnings per share next quarter.

BSFT has been the subject of a number of other recent research reports. Analysts at Auriga initiated coverage on shares of Broadsoft in a research note to investors on Tuesday. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Cowen initiated coverage on shares of Broadsoft in a research note to investors on Monday. They set a “neutral” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Broadsoft in a research note to investors on Wednesday, April 11st. They set an “overweight” rating and a $46.00 price target on the stock.

BroadSoft, Inc. is global provider of software that enables fixed-line, mobile and cable service providers to deliver voice and multimedia services over their Internet protocol-based (IP-based), networks.

About the author