BroadSoft (BSFT) Receiving Favorable Media Coverage, Accern Reports

News articles about BroadSoft (NASDAQ:BSFT) have been trending positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BroadSoft earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 44.8110928420717 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

BSFT has been the subject of a number of research reports. Zacks Investment Research raised shares of BroadSoft from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. Raymond James Financial reissued an “outperform” rating and issued a $55.00 price target on shares of BroadSoft in a research note on Tuesday, October 24th. BidaskClub cut shares of BroadSoft from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Northland Securities reissued a “hold” rating and issued a $42.00 price target on shares of BroadSoft in a research note on Sunday, November 19th. Finally, Cowen cut shares of BroadSoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $50.40.

Shares of BroadSoft (BSFT) opened at $54.90 on Friday. BroadSoft has a 12 month low of $33.85 and a 12 month high of $55.05. The stock has a market cap of $1,740.00, a price-to-earnings ratio of -152.50 and a beta of 0.97. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.41.

In other news, insider Scott D. Hoffpauir sold 4,448 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $54.96, for a total value of $244,462.08. Following the completion of the sale, the insider now owns 77,991 shares of the company’s stock, valued at approximately $4,286,385.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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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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