Auriga Reiterates a 'Buy' on Broadsoft (BSFT); Solid Q1 Overshadowed by Guidance
Get Alerts BSFT Hot Sheet
Price: $54.90 --0%
Rating Summary:
1 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 5
Rating Summary:
1 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 5
Join SI Premium – FREE
Auriga reiterates a 'Buy' on Broadsoft (NASDAQ: BSFT) price target of $50.00.
Analyust, Kevin Dade, said, "Sales benefitted from solid book-and-ship business and the recognition of $5.5M in deferred (although maintenance and service deferred increased sequentially to $37.2M from $36.5M in December) and billings fell to $32.8M from $47.7M in December. Operating margin expanded to 22.6% from 18.5% in March 2011. While BroadSoft's position appears uniquely defined in providing hosted UC and SIP trunking applications to its service provider customer base, the company contends that carrier activity remains difficult to forecast in the current environment, and on that basis presented guidance for the June quarter that was identical to its original March quarter expectation of $36-$38M and $0.17-$0.23 non-GAAP EPS."
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 $33.16 yesterday.
Analyust, Kevin Dade, said, "Sales benefitted from solid book-and-ship business and the recognition of $5.5M in deferred (although maintenance and service deferred increased sequentially to $37.2M from $36.5M in December) and billings fell to $32.8M from $47.7M in December. Operating margin expanded to 22.6% from 18.5% in March 2011. While BroadSoft's position appears uniquely defined in providing hosted UC and SIP trunking applications to its service provider customer base, the company contends that carrier activity remains difficult to forecast in the current environment, and on that basis presented guidance for the June quarter that was identical to its original March quarter expectation of $36-$38M and $0.17-$0.23 non-GAAP EPS."
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 $33.16 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- WesBanco (WSBC) PT Lowered to $27 at Stephens
- Wabtec (WAB) PT Raised to $180 at Stephens
- IDEX Corp (IEX) PT Lowered to $256 at Baird
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
AurigaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!