Broadsoft (BSFT) Issues FY13 Earnings Guidance
Broadsoft (BSFT) updated its FY13 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.10-1.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.72. The company issued revenue guidance of $181-189 million, compared to the consensus revenue estimate of $197.69 million.Broadsoft also updated its Q1 guidance to $0.02-0.12 EPS.
Broadsoft (BSFT) traded down 7.32% on Wednesday, hitting $30.91. Broadsoft (BSFT) has a 1-year low of $20.13 and a 1-year high of $45.32. The stock’s 50-day moving average is currently $35.55. The company has a market cap of $860.3 million and a price-to-earnings ratio of 75.45.
Broadsoft last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.06. The company had revenue of $45.80 million for the quarter, compared to the consensus estimate of $45.79 million. During the same quarter last year, the company posted $0.38 earnings per share. Broadsoft ‘s revenue was up 12.8% compared to the same quarter last year. Broadsoft has set its Q1 guidance at $0.02-0.12 EPS and its FY13 guidance at $1.10-1.35 EPS. Analysts expect that Broadsoft (BSFT) will post $1.39 EPS for the current fiscal year.
BroadSoft, Inc. (BroadSoft) 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.
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