Revenue Update on BroadSoft Inc(NASDAQ:BSFT)

BroadSoft Inc(NASDAQ:BSFT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $81.72M. Analysts estimated a revenue of $78.99M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.36.

BroadSoft Inc (BSFT) shares turned negative on Mondays trading session with the shares closing down -0.1 points or -0.23% at a volume of 3,64,910. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.26. The peak price level was also seen at $43.26 while the days lowest was $42.061. Finally the shares closed at $42.61. The 52-week high of the shares is $47.5 while the 52-week low is $26.99. According to the latest information available, the market cap of the company is $1,270 M.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Dennis Dourgarian (Chief Accounting Officer) sold 4,843 shares at $42.53 per share price.Also, On Jun 14, 2016, Michael Tessler (President & CEO) sold 7,863 shares at $42.16 per share price.On Jun 3, 2016, James Albert Tholen (Chief Financial Officer) sold 24,566 shares at $43.90 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s application server software offering. The Company’s 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 Company’s 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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