Cisco Announces Agreement to Acquire BroadSoft, a Leader in Cloud Calling and Contact Center Solutions
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Dougherty & Co Downgrades Broadsoft (BSFT) to Neutral Following Acqusition
October 24, 2017 7:18 AM EDTDougherty & Co downgraded Broadsoft (NASDAQ: BSFT) from Buy to Neutral after the company agreed to be acquired by Cisco for $55 per share.
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 $54.80 yesterday.
... MoreBroadsoft (BSFT) Takeover Deal 'Seems Low', Other Bids Could Emerge - William Blair
October 23, 2017 12:21 PM EDTWilliam Blair analyst Dmitry Netis said the $55 takeover bid for Broadsoft (NASDAQ: BSFT) from Cisco (NASDAQ: CSCO) "seems low" and other strategic buyers could emerge.
"Our back-of-envelope math and DCF analysis pegged the fair value of... More
Broadsoft (BSFT) to Resume Trading at 8:30 AM ET
October 23, 2017 8:17 AM EDTBroadsoft (NASDAQ: BSFT) to Resume Trading at 8:30 AM ET
... More