$-0.03 EPS Expected for BroadSoft Inc (BSFT)

October 7, 2017 - By Darrin Black

 $ 0.03 EPS Expected for BroadSoft Inc (BSFT)
Investors sentiment decreased to 0.99 in 2017 Q2. Its down 0.01, from 1 in 2017Q1. It dived, as 33 investors sold BroadSoft Inc shares while 50 reduced holdings. 33 funds opened positions while 49 raised stakes. 34.92 million shares or 4.89% more from 33.29 million shares in 2017Q1 were reported.
Ami Asset Mngmt, a California-based fund reported 342,658 shares. Missouri-based Amer Century has invested 0.03% in BroadSoft Inc (NASDAQ:BSFT). Fifth Third Savings Bank stated it has 13,371 shares or 0% of all its holdings. Ranger Investment Mngmt L P invested in 1.99% or 649,290 shares. Royal Bancorporation Of Canada has 0.01% invested in BroadSoft Inc (NASDAQ:BSFT). Farmers & Merchants reported 188 shares. Whetstone Capital Advsr Limited Liability Com has 49,793 shares for 1.17% of their portfolio. 102,820 are owned by Engaged Capital Limited Liability Corporation. Symphony Asset Mgmt Ltd Liability has 0.18% invested in BroadSoft Inc (NASDAQ:BSFT) for 37,990 shares. Kohlberg Kravis Roberts & Com Limited Partnership has invested 0.44% in BroadSoft Inc (NASDAQ:BSFT). Dana Advisors Inc has 0.12% invested in BroadSoft Inc (NASDAQ:BSFT) for 61,002 shares. Ancora Advsr Ltd Limited Liability Company owns 46,662 shares or 0.13% of their US portfolio. Envestnet Asset Mgmt stated it has 0% in BroadSoft Inc (NASDAQ:BSFT). Southpoint Advisors Lp holds 2.37% of its portfolio in BroadSoft Inc (NASDAQ:BSFT) for 1.39 million shares. State Board Of Administration Of Florida Retirement Systems reported 15,192 shares.

Wall Street await BroadSoft Inc (NASDAQ:BSFT) to release earnings on October, 30. Analysts forecast EPS of $-0.03, down exactly $0.12 or 133.33 % from 2014’s $0.09 EPS. After posting $0.04 EPS for the previous quarter, BroadSoft Inc’s analysts now forecast -175.00 % negative EPS growth. The stock increased 0.37% or $0.2 during the last trading session, reaching $54.45. About 265,002 shares traded. BroadSoft Inc (NASDAQ:BSFT) has declined 7.18% since October 7, 2016 and is downtrending. It has underperformed by 23.88% the S&P500.

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 had 23 analyst reports since November 5, 2015 according to SRatingsIntel. On Friday, July 28 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Buy” rating by William Blair given on Tuesday, August 8. The rating was maintained by Cowen & Co on Friday, September 1 with “Buy”. The company was maintained on Tuesday, August 8 by Robert W. Baird. The stock of BroadSoft Inc (NASDAQ:BSFT) has “Buy” rating given on Monday, July 24 by Jefferies. The rating was maintained by Raymond James on Tuesday, August 2 with “Strong Buy”. The firm has “Buy” rating given on Tuesday, September 5 by Needham. Jefferies maintained the shares of BSFT in report on Tuesday, September 26 with “Buy” rating. The stock of BroadSoft Inc (NASDAQ:BSFT) earned “Hold” rating by Northland Capital on Thursday, August 31. On Tuesday, August 2 the stock rating was maintained by Jefferies with “Buy”.

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 $1.69 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.

More recent BroadSoft Inc (NASDAQ:BSFT) news were published by: Globenewswire.com which released: “BroadSoft Positioned by Gartner as a Visionary in Global Magic Quadrant for …” on September 13, 2017. Also Globenewswire.com published the news titled: “Synergy Research Group Ranks BroadSoft as the Global Market Share Leader for …” on October 02, 2017. Globenewswire.com‘s news article titled: “MISS DIG 811 Transforms Business and Customer Interactions with BroadSoft CC …” with publication date: October 03, 2017 was also an interesting one.

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