BroadSoft (NASDAQ:BSFT) Earning Somewhat Positive News Coverage, Analysis Shows

News headlines about BroadSoft (NASDAQ:BSFT) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BroadSoft earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 46.389809794785 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

BSFT has been the topic of a number of recent analyst reports. Dougherty & Co lowered BroadSoft from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered BroadSoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Raymond James Financial lowered BroadSoft from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 15th. BidaskClub lowered BroadSoft from a “sell” rating to a “strong sell” rating in a report on Wednesday. Finally, Needham & Company LLC lowered BroadSoft from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $50.40.

Shares of BroadSoft (BSFT) traded down $0.05 during trading hours on Friday, hitting $54.85. The stock had a trading volume of 451,356 shares, compared to its average volume of 748,811. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.64 and a quick ratio of 2.64. BroadSoft has a twelve month low of $33.85 and a twelve month high of $55.05. The stock has a market capitalization of $1,740.00, a P/E ratio of -152.36, a P/E/G ratio of 3.53 and a beta of 0.93.

In other news, insider Scott D. Hoffpauir sold 4,448 shares of the company’s stock in a transaction 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 directly owns 90,208 shares in the company, valued at $4,922,650.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 13,344 shares of company stock worth $721,110 over the last 90 days. Company insiders own 1.50% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for BroadSoft (NASDAQ:BSFT)

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