Jefferies Maintains Bullish View on Broadsoft (BSFT)
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Price: $54.90 --0%
Rating Summary:
1 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
1 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Jefferies analyst George Notter reiterated a Buy rating and $38 price target on Broadsoft (NASDAQ: BSFT) after being on the road with management.
Notter said, "We continue to like BroadSoft’s: 1) strong growth prospects in the Hosted PBX / SIP Trunking space; and 2) the relatively free option on long term success in the FMC/VoLTE space. At current levels, the risk/reward in the stock remains positive in our view."
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 $28.41 yesterday.
Notter said, "We continue to like BroadSoft’s: 1) strong growth prospects in the Hosted PBX / SIP Trunking space; and 2) the relatively free option on long term success in the FMC/VoLTE space. At current levels, the risk/reward in the stock remains positive in our view."
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 $28.41 yesterday.
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