Broadsoft (BSFT) Tops Q4 EPS Views; Guides Q1, FY16

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Go back to Broadsoft (BSFT) Tops Q4 EPS Views; Guides Q1, FY16

Needham & Company Raises Price Target on Broadsoft (BSFT) as Prof. Services Drive Revenue Upside

March 1, 2016 6:54 AM EST

Needham & Company reiterated a Buy rating on Broadsoft (NASDAQ: BSFT), and raised the price target to $48.00 (from $42.00), following the company's 4Q earnings report. BSFT reported revenue of $89.6MM and $1.04 in NG EPS vs. consensus estimates of $81.6MM and $0.67 respectively. The revenue upside was mainly driven by Prof.... More