BroadSoft, Inc. (NASDAQ:BSFT):
BroadSoft (BSFT) Alert: Johnson Fistel Investigates Proposed Sale of BroadSoft, Inc.; Are Shareholders Getting a Fair Deal?.
The company is now up by 0.75% percent from yesterday’s close.
BroadSoft, Inc., launched on November 17, 1998, 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. The Business’s technology is designed to meet service providers’ requirements for service availability, network integration and scale, and to address the needs of various business segments, such as micro, small, medium and large enterprises; market segments, such as hospitality, government, education, contact centers and healthcare, and industries requiring call center functionality. The capabilities of the BroadSoft Business offering can be accessed through desk phones, smartphones, tablets, laptops and personal computers (PCs)..
Company shares last traded at $53.90 a tad above $51.51, the 50 day moving average and quite a bit higher than the 200 day moving average of $43.66. The 50 day moving average went up $2.39 or +4.64% and the 200 day average went up $10.24 or +23.45%.
As of the last earnings report the EPS was $-0.27 and is projected to be $2.27 for the current year with 31,013,000 shares outstanding. Next quarter’s EPS is forecasted to be $1.31 and the next full year EPS is projected to be $2.62.
Investors are feeling more bullish lately looking at the fall in short interest. The firm realized a fall in short interest of -16.09% as of September 29, 2017 from the last reporting period. Short interest fell from 3,916,407 to 3,286,425 over that timeframe. Days to cover increased from 9.0 to 11.0 and the short interest percentage is 0.11% as of September 29.
A few Wall Street analysts have released opinions on BSFT of late. Equity analyst Barclays started coverage with a rating of “Equal-Weight”.