Analyst Rating Update on BroadSoft (BSFT)

BroadSoft (BSFT) : 5 brokerage houses believe that BroadSoft (BSFT) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on BroadSoft (BSFT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.

BroadSoft (BSFT) : The highest short term price target forecast on BroadSoft (BSFT) is $48 and the lowest target price is $33. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $44.57 with a standard deviation of $5.32.

For the current week, the company shares have a recommendation consensus of Buy.


BroadSoft (NASDAQ:BSFT): The stock opened at $42.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $42.63 for the day. The stock traded down to $41.12 during the day, due to lack of any buying support eventually closed down at $41.27 with a loss of -2.76% for the day. The stock had closed at $42.44 on the previous day. The total traded volume was 847,887 shares.

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.

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