Somewhat Favorable Press Coverage Somewhat Unlikely to Affect BroadSoft (BSFT) Stock Price
Media coverage about BroadSoft (NASDAQ:BSFT) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BroadSoft earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 47.2388937349156 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Whetstone Capital Advisors, LLC Buys Energy Transfer Partners LP, Dollar Tree Inc, Apptio Inc, … (nasdaq.com)
- IHS Markit Score Update: Rise in demand for ETFs holding BroadSoft Inc is a positive for its shares (finance.yahoo.com)
- Jefferies Group Analysts Cut Earnings Estimates for BroadSoft, Inc. (NASDAQ:BSFT) (americanbankingnews.com)
- William Blair Weighs in on BroadSoft, Inc.’s Q3 2017 Earnings (NASDAQ:BSFT) (americanbankingnews.com)
- IHS Markit Score categories are mixed for BroadSoft Inc shares. While there was a decline in bearish short interest, there was a drop in demand for ETFs holding this company's stock. (finance.yahoo.com)
Several research firms recently commented on BSFT. Robert W. Baird lifted their target price on shares of BroadSoft from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 target price on shares of BroadSoft in a research report on Tuesday, July 25th. William Blair reiterated a “buy” rating on shares of BroadSoft in a research report on Wednesday. BidaskClub downgraded shares of BroadSoft from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Cowen and Company reiterated a “buy” rating and set a $51.00 target price on shares of BroadSoft in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. BroadSoft presently has an average rating of “Buy” and an average target price of $47.00.
BroadSoft (BSFT) opened at 44.20 on Friday. The stock has a 50 day moving average of $43.28 and a 200-day moving average of $41.22. The firm’s market cap is $1.37 billion. BroadSoft has a 12 month low of $33.85 and a 12 month high of $48.40.
BroadSoft (NASDAQ:BSFT) last issued its earnings results on Monday, August 7th. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.53. BroadSoft had a negative net margin of 2.34% and a positive return on equity of 4.72%. The firm had revenue of $88.80 million for the quarter, compared to analysts’ expectations of $86.63 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. Equities research analysts predict that BroadSoft will post $2.27 earnings per share for the current fiscal year.
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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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