Analyst Ratings for BroadSoft Inc. (BSFT)

Updated: 2017-07-27

Shares of BroadSoft Inc. (NASDAQ:BSFT) have received a consensus rating of Overweight from Wall Street analysts. Last month, BSFT received an average rating of Overweight.

7 analysts declared BSFT a buy, 0 gave an overweight rating, 4 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

BSFT was given price targets by several analysts. The most optimistic analyst gave a price target of 55, implying a possible profit of 27.17 percent. The most pessimistic price target was 32, which equates to a potential downside of -26.01 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -3.23 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -617.78 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.22 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 5.88 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 1 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.

BSFT has traded between a high of 48.40 and a low of 33.85 over the past year. Currently the stock is 27.77 percent higher than its low, and 10.64 percent lower than its 52-week high. BSFT has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The BSFT value stock report compares BSFT to some of its peers using value stock charts. The market cap of BSFT is $1.34 billion. BSFT is estimated to release their earnings results for the quarter on 0000-00-00, days from today.