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A statement released earlier today by Barclays Capital about Broadsoft (NDAQ:BSFT) bumps the target price to $45.00

Just yesterday Broadsoft (NDAQ:BSFT) traded 1.38% higher at $42.30. Broadsoft’s 50-day moving average is $43.28 and its 200-day moving average is $41.22. The last stock price is up 7.22% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 467,229 shares of BSFT traded hands, up from an average trading volume of 422,056

Barclays Capital bumped up the target of Broadsoft (NDAQ:BSFT) to $45.00 stating a potential upside of 0.06%.

Previously on 06/29/2017, Cowen released a statement about Broadsoft (NDAQ:BSFT) increased the target price from $0.00 to $51.00. At the time, this indicated a possible upside of 0.18%.

Recent Performance Chart

Broadsoft (NDAQ:BSFT)

Broadsoft has 52 week low of $33.85 and a 52 week high of $48.40 and has a market capitalization of $0.

In addition to Barclays Capital reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $44.14 with 5 firms rating the stock a strong buy, 2 firms rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Broadsoft (NDAQ:BSFT)

BroadSoft, Inc. is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment. BroadSoft Business includes its UC-One, Team-One and CC-One applications. The capabilities of the BroadSoft Business offering can be accessed through desk phones, smartphones, tablets, laptops and personal computers. Its BroadWorks SIP Trunking solution enables service providers to provide Internet protocol (IP) interconnectivity and additional services to enterprises that already have premise-based PBXs. Its training services include systems administration and provisioning.

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