BroadSoft, Inc. Prices $175.0 Million Convertible Senior Note Offering

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Go back to BroadSoft, Inc. Prices $175.0 Million Convertible Senior Note Offering

Needham & Company Reiterates Buy on Broadsoft (BSFT) Following Announced Convert Deal

September 14, 2015 6:39 AM EDT

Needham & Company reiterated a Buy rating and $40.00 price target on Broadsoft (NASDAQ: BSFT) following the announcement and subsequent pricing of BSFT's $175MM convert deal. The deal meaningfully increases BSFT's cash (but not net cash) on its balance sheet and eliminates any intermediate concerns regarding the company's 2018... More