Broadsoft (BSFT): License Bookings To Improve In 2017 - Jefferies

September 28, 2016 6:58 AM EDT
Get Alerts BSFT Hot Sheet
Price: $40.30 -0.86%

Rating Summary:
    8 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 31 | New: 42
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Jefferies analyst, George Notter, reiterated his Buy rating on shares of Broadsoft (NASDAQ: BSFT) and raised his price target to $55.00 from $52.00. The analyst believes that the uptick in Professional Services revenue reflects progress with large Transformation projects and will translate into significant license revenue for 2017.

BroadSoft continues to emphasize that their competitive advantage has only improved as they continue to add features and make strategic acquisitions.

The new price target equates to 21.1x 2017 EPS, a discount to the group at 24x.

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 $46.44 yesterday.



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