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Enter Symbol:
 
BroadSoft Inc (BSFT) [hlAlert]

Rating:
Mkt Outperform
BSFT
down 3.90 %

BroadSoft Inc (BSFT) rated Mkt Outperform with price target $45 by Avondale

Posted on: Thursday,  Dec 22, 2011  11:25 AM ET by Avondale

Avondale rated Mkt Outperform BroadSoft Inc (NASDAQ: BSFT) on 12/22/2011, when the stock price was $32.74. Since
then, BroadSoft Inc has lost 3.91% as of 12/29/2015's recent price of $31.46.
If you would have followed this Avondale's recommendation on BSFT, you would have lost 3.9% of your investment in 1468 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.

Avondale’s research analysts are charged with producing high quality, independent, value-added, and timely investment analysis / advice. The firm’s strategy is to deemphasize maintenance research, and instead direct the overwhelming majority of our efforts on developing well-constructed, actionable recommendations, in part by leveraging proprietary networks of industry contacts. Avondale’s growing research department now totals 25 professionals. Senior analysts average 14 years of industry experience and are routinely recognized by a variety of nationally known rating entities. In the last two years, Avondale Analysts were named to the Wall Street Journal’s Best on the Street poll as well as Forbes.com’s Top Analyst Rankings.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/22/2011 11:25 AM Buy
None
32.74 45.00
as of 12/30/2011
1 Week down  -7.47 %
1 Month down  -7.75 %
3 Months   
1 YTD down  -7.75 %

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