Barclays Analyst, Suggests Buying Broadsoft (BSFT) Shares: Analyst Day: Near-Term Healthy, Long-Term Opportunities

June 8, 2012 3:02 PM EDT
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Price: $41.20 -2.25%

Rating Summary:
    8 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
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Barclays maintains an 'Overweight' on Broadsoft (NASDAQ: BSFT) price target of $45.00.

Analyst, Jeff Kvaal, said, "Broadsoft offered a positive tone at its analyst day outside DC: BSFT believes the market opportunity is large and that the growth catalysts are in place. Management's commentary on the nearer-term outlook was also healthier than expected."

Kvaal suggests investors take advantage of the recent pullback in share.

For an analyst ratings summary and ratings history on Broadsoft click here. For more ratings news on Broadsoft click here.

Shares of Broadsoft closed at $29.10 yesterday.

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