Northland Securities Downgrades Broadsoft (BSFT) to Market Perform

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Deutsche Bank Starts Broadsoft (BSFT) at Hold

May 6, 2013 7:55 AM EDT

Deutsche Bank initiated coverage on Broadsoft (NASDAQ: BSFT) with a Hold rating and a price target of $24.00. Analyst Brian Modoff thinks near term trends are soft.

"While we are constructive longer-term on the Hosted and Cloud Services themes - a +$10B long-tail opportunity; our... More