BroadSoft (NASDAQ:BSFT) Getting Somewhat Positive Media Coverage, Study Finds

Press coverage about BroadSoft (NASDAQ:BSFT) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news 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 0.11 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 45.3066392825918 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of BSFT stock opened at $54.95 on Monday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.41. BroadSoft has a one year low of $33.85 and a one year high of $55.05.

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A number of research analysts have weighed in on the stock. BidaskClub lowered shares of BroadSoft from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Zacks Investment Research lowered shares of BroadSoft from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $50.40.

In other news, insider Scott D. Hoffpauir sold 4,448 shares of the stock in a transaction dated 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 in the company, valued at $4,286,385.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.

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