Somewhat Favorable Press Coverage Somewhat Unlikely to Impact BroadSoft (BSFT) Stock Price
Media coverage about BroadSoft (NASDAQ:BSFT) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BroadSoft earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.1457822409266 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
BSFT has been the topic of a number of recent research reports. Dougherty & Co lowered BroadSoft from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered BroadSoft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Raymond James Financial lowered BroadSoft from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 15th. Needham & Company LLC upped their target price on BroadSoft from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, September 6th. Finally, ValuEngine upgraded BroadSoft from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $50.40.
BroadSoft (NASDAQ:BSFT) traded down $0.10 during trading on Friday, reaching $54.90. The company’s stock had a trading volume of 888,742 shares, compared to its average volume of 1,210,000. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.41. BroadSoft has a 1-year low of $33.85 and a 1-year high of $55.05. The stock has a market cap of $1,740.00, a price-to-earnings ratio of -152.50, a PEG ratio of 4.58 and a beta of 0.92.
In other BroadSoft news, insider Scott D. Hoffpauir sold 4,448 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $54.57, for a total value of $242,727.36. Following the sale, the insider now owns 90,208 shares in the company, valued at approximately $4,922,650.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 13,344 shares of company stock worth $721,110. Insiders own 1.50% of the company’s stock.
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.
Receive News & Ratings for BroadSoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BroadSoft and related companies with MarketBeat.com's FREE daily email newsletter.