What’s in BroadSoft Inc (BSFT) After Reaching 52-Week High?

September 17, 2017 - By Darrin Black

Investors sentiment decreased to 0.9 in 2016 Q4. Its down 0.06, from 0.96 in 2016Q3. It is negative, as 28 investors sold BroadSoft Inc shares while 55 reduced holdings. 15 funds opened positions while 60 raised stakes. 32.64 million shares or 2.32% more from 31.90 million shares in 2016Q3 were reported.
Blackrock Advisors Llc accumulated 15,670 shares. Credit Suisse Ag holds 0% or 28,375 shares in its portfolio. Royal Bankshares Of Canada reported 0.01% in BroadSoft Inc (NASDAQ:BSFT). Vaughan Nelson Inv Management L P stated it has 773,000 shares or 0.38% of all its holdings. Finemark Bancshares Trust reported 0% stake. Swiss Bank holds 48,200 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in BroadSoft Inc (NASDAQ:BSFT). Federated Investors Pa reported 1.00M shares stake. Century Cap Mngmt Limited Liability owns 0.36% invested in BroadSoft Inc (NASDAQ:BSFT) for 66,868 shares. First Advsr L P holds 37,514 shares or 0% of its portfolio. Teachers Retirement Systems Of The State Of Kentucky holds 19,507 shares or 0.01% of its portfolio. Oberweis Asset Mgmt reported 1.59% of its portfolio in BroadSoft Inc (NASDAQ:BSFT). Schwab Charles Investment Mgmt owns 240,862 shares. Barclays Public Limited Liability Co holds 0% of its portfolio in BroadSoft Inc (NASDAQ:BSFT) for 884 shares. Ftb Advisors holds 0% or 209 shares in its portfolio.

The stock of BroadSoft Inc (NASDAQ:BSFT) hit a new 52-week high and has $53.61 target or 4.00 % above today’s $51.55 share price. The 5 months bullish chart indicates low risk for the $1.60 billion company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $53.61 price target is reached, the company will be worth $64.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.08% or $0.55 on September 15, reaching $51.55. About 501,512 shares traded or 3.60% up from the average. BroadSoft Inc (NASDAQ:BSFT) has declined 7.18% since September 17, 2016 and is downtrending. It has underperformed by 23.88% the S&P500.

Investors wait BroadSoft Inc (NASDAQ:BSFT) to report on October, 30. its quarterly earnings Wall Street analysts expect $-0.03 EPS, down $0.12 or 133.33 % from last year’s $0.09 same quarter earnings. BroadSoft Inc’s Wall Street analysts see -175.00 % negative EPS growth, taking into account the $0.04 EPS reproted in the previous quarter,

BroadSoft Inc (NASDAQ:BSFT) Ratings Coverage

Among 10 analysts covering Broadsoft (NASDAQ:BSFT), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Broadsoft has $55 highest and $42.0 lowest target. $48.88’s average target is -5.18% below currents $51.55 stock price. Broadsoft had 22 analyst reports since November 5, 2015 according to SRatingsIntel. Cowen & Co maintained BroadSoft Inc (NASDAQ:BSFT) on Friday, July 28 with “Buy” rating. As per Friday, June 23, the company rating was maintained by Jefferies. The stock has “Buy” rating by Needham on Thursday, November 5. Jefferies maintained BroadSoft Inc (NASDAQ:BSFT) rating on Friday, August 25. Jefferies has “Buy” rating and $55.0 target. William Blair maintained BroadSoft Inc (NASDAQ:BSFT) on Wednesday, May 31 with “Buy” rating. As per Friday, September 1, the company rating was maintained by Cowen & Co. The firm earned “Buy” rating on Friday, April 29 by Dougherty & Company. The stock of BroadSoft Inc (NASDAQ:BSFT) has “Hold” rating given on Thursday, July 20 by Northland Capital. The company was maintained on Tuesday, November 1 by Needham. The stock has “Neutral” rating by Robert W. Baird on Tuesday, August 8.

More recent BroadSoft Inc (NASDAQ:BSFT) news were published by: Thestreet.com which released: “Wolf Pack Descends on BroadSoft” on September 10, 2017. Also Globenewswire.com published the news titled: “BroadSoft Positioned by Gartner as a Visionary in Global Magic Quadrant for …” on September 13, 2017. Benzinga.com‘s news article titled: “Wall Street’s M&A Chatter From August 30: BroadSoft, Toshiba, Veon” with publication date: August 31, 2017 was also an interesting one.

BroadSoft, Inc. is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud Unified Communications to their enterprise customers. The company has market cap of $1.60 billion. 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 private branch exchange (PBX) equipment. It currently has negative earnings. BroadSoft Business includes its UC-One, Team-One and CC-One applications.

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