BroadSoft, Inc. (NASDAQ:BSFT) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.23-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.65. The company issued revenue guidance of $84-90 million, compared to the consensus revenue estimate of $98.23 million.BroadSoft also updated its FY17 guidance to $2.20-2.50 EPS.

BroadSoft, Inc. (NASDAQ:BSFT) opened at 45.30 on Tuesday. The stock’s market capitalization is $1.39 billion. The stock has a 50 day moving average of $42.89 and a 200 day moving average of $41.10. BroadSoft, Inc. has a 52-week low of $33.85 and a 52-week high of $48.40.

BroadSoft (NASDAQ:BSFT) last posted its earnings results on Monday, August 7th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.11. BroadSoft had a positive return on equity of 5.12% and a negative net margin of 2.36%. The business had revenue of $88.80 million during the quarter, compared to analysts’ expectations of $86.63 million. During the same period in the prior year, the business earned $0.49 EPS. BroadSoft’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that BroadSoft, Inc. will post $2.28 EPS for the current year.

A number of research firms recently issued reports on BSFT. Jefferies Group LLC reissued a buy rating and set a $55.00 target price on shares of BroadSoft in a research note on Tuesday, July 25th. Cowen and Company reissued a buy rating and set a $51.00 target price on shares of BroadSoft in a research note on Friday, July 28th. BidaskClub cut BroadSoft from a buy rating to a hold rating in a research note on Monday, July 24th. ValuEngine raised BroadSoft from a sell rating to a hold rating in a research note on Tuesday, June 27th. Finally, Northland Securities reissued a hold rating and set a $42.00 target price on shares of BroadSoft in a research note on Friday, July 21st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $46.88.

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BroadSoft Company Profile

BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.

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