BroadSoft (BSFT) Getting Somewhat Positive Media Coverage, Accern Reports

News headlines about BroadSoft (NASDAQ:BSFT) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BroadSoft earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.0956489434606 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

Several brokerages recently issued reports on BSFT. Cowen lowered shares of BroadSoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 7th. 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 “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Dougherty & Co lowered shares of BroadSoft from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 24th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of BroadSoft in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $50.40.

BroadSoft (BSFT) opened at $54.95 on Tuesday. BroadSoft has a 12 month low of $33.85 and a 12 month high of $55.05. The firm has a market cap of $1,740.00, a price-to-earnings ratio of -152.64, a price-to-earnings-growth ratio of 4.58 and a beta of 0.92. 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 BroadSoft news, insider Scott D. Hoffpauir sold 4,448 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $54.57, for a total value of $242,727.36. Following the transaction, the insider now directly owns 90,208 shares of the company’s stock, valued at $4,922,650.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 13,344 shares of company stock worth $721,110 over the last ninety days. Insiders own 1.50% of the company’s stock.

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About BroadSoft

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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