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Enter Symbol:
 
BroadSoft Inc (BSFT) [hlAlert]

Rating:
Buy BSFT
down 25.66 %

BroadSoft Inc (BSFT) rated Buy with price target $34 by Needham

Posted on: Tuesday,  Aug 6, 2013  8:25 AM ET by Needham

Needham rated Buy BroadSoft Inc (NASDAQ: BSFT) on 08/06/2013. Previously Needham rated Buy BroadSoft Inc (NASDAQ: BSFT) on 05/09/2011., when
the stock price was $42.32. Since then, BroadSoft Inc has lost 25.66% as of 12/29/2015's recent price of $31.46.
If you would have followed the previous Needham's recommendation on BSFT, you would have lost 25.66% of your investment in 1695 days.

BroadSoft, Inc. is a global provider of software that enables fixed-line, mobile and cable service providers to deliver voice and multimedia services over their Internet protocol-based (IP-based), networks. The Company?s software, BroadWorks, enables its service provider customers to provide enterprises and consumers with a range of cloud-based, or hosted, IP multimedia communications, such as hosted IP private branch exchanges (PBXs), video calling, unified communications (UC), collaboration and converged mobile and fixed-line services. BroadWorks performs a critical network function by serving as the software element that delivers and coordinates voice, video and messaging communications through a service provider?s IP-based network. On October 27, 2010, the Company acquired all of the assets of Casabi, Inc. (Casabi). In October 2011, the Company acquired iLinc Communications, Inc.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/6/2013 8:25 AM Buy
None
31.64 34.00
as of 12/13/2013
1 Week down  -2.74 %
1 Month down  -6.04 %
3 Months down  -33.23 %
1 YTD down  -32.81 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/21/2011 2:25 PM Buy
None
35.67 44.00
5/9/2011 1:25 PM Buy
None
42.32 48.00

(*) Stock Price at the time of the recommendation.
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