BroadSoft (BSFT) Earns Media Impact Rating of 0.07
Headlines about BroadSoft (NASDAQ:BSFT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BroadSoft earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 44.8551887426664 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Insider Selling: BroadSoft, Inc. (BSFT) Insider Sells 4,448 Shares of Stock (americanbankingnews.com)
- BROADSOFT : Positioned by Gartner as a Visionary in Global Magic Quadrant for Unified Communications as a Service – Press Release issued by BroadSoft (4-traders.com)
- BroadSoft Hailed as Top Unified Communications Offering in CommsTrader Reader Poll (webwire.com)
- $0.36 EPS Expected for BroadSoft, Inc. (BSFT) This Quarter (americanbankingnews.com)
- BroadSoft : Hailed as Top Unified Communications Offering in CommsTrader Reader Poll (4-traders.com)
BroadSoft (NASDAQ:BSFT) traded down 0.50% during trading on Friday, reaching $49.75. 248,690 shares of the company traded hands. The firm’s market capitalization is $1.54 billion. The company’s 50-day moving average price is $46.26 and its 200 day moving average price is $41.96. BroadSoft has a 52 week low of $33.85 and a 52 week high of $52.15.
BroadSoft (NASDAQ:BSFT) last issued its earnings results on Monday, August 7th. The software maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.53. BroadSoft had a positive return on equity of 4.72% and a negative net margin of 2.34%. The business had revenue of $88.80 million during the quarter, compared to analyst estimates of $86.63 million. During the same quarter in the previous year, the firm earned $0.49 EPS. BroadSoft’s revenue was up 8.7% on a year-over-year basis. On average, equities research analysts expect that BroadSoft will post $2.27 EPS for the current year.
Several analysts have recently issued reports on BSFT shares. BidaskClub lowered shares of BroadSoft from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price on shares of BroadSoft in a research note on Monday, June 26th. Cowen and Company reiterated a “buy” rating and issued a $51.00 target price on shares of BroadSoft in a research note on Friday, July 28th. William Blair restated a “buy” rating on shares of BroadSoft in a research report on Wednesday, August 9th. Finally, Needham & Company LLC increased their price target on shares of BroadSoft from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 6th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $48.38.
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In other BroadSoft news, insider Scott D. Hoffpauir sold 8,896 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $50.00, for a total transaction of $444,800.00. Following the completion of the sale, the insider now directly owns 105,502 shares in the company, valued at approximately $5,275,100. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott D. Hoffpauir sold 13,344 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $48.00, for a total value of $640,512.00. Following the sale, the insider now owns 114,398 shares of the company’s stock, valued at $5,491,104. The disclosure for this sale can be found here. In the last three months, insiders sold 29,688 shares of company stock valued at $1,458,384. 1.50% of the stock is owned by insiders.
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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