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A statement released earlier today by Jefferies & Co about Broadsoft (NASDAQ:BSFT) bumps the target price to $55.00

Boasting a price of $46.90, Broadsoft (NASDAQ:BSFT) traded 0.65% higher on the day. With the last close up 10.44% from the two hundred day average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $44.93 and a two hundred day average of $42.32. Volume of trade was down over the average, with 32,815 shares of BSFT changing hands under the typical 341,141

Jefferies & Co upped the price target of Broadsoft (NASDAQ:BSFT) to $55.00 reporting a potential upside of 0.17%.

Previously on Tuesday August 02, 2016, Raymond James released a statement for Broadsoft (NASDAQ:BSFT) raised the target price from $45.00 to $51.00. At the time, this indicated a possible upside of 0.20%.

Recent Performance Chart

Broadsoft (NASDAQ:BSFT)

With a total market value of $0, Broadsoft has 52 week low of $26.99 and a 52 week high of $48.01 with a PE ratio of 343.68 .

In addition to Jefferies & Co reporting its stock price target, a total of 7 brokerages have issued a ratings update on Broadsoft. The 12-month price target is $44.14 with five brokerages rating the company a strong buy, two firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Broadsoft (NASDAQ:BSFT)

BroadSoft, Inc. is a provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The Company offers service providers two deployment options, software and software-as-a-service (SaaS), to enable them to offer UC services to their enterprise customers. Hosted UC enables the delivery of Private Branch Exchange (PBX) features without the need for premise-based equipment. Hosted UC can be delivered through service providers using their own Internet protocol (IP)-based networks, as well as over the public Internet. In addition to voice telephony, UC offers additional features, such as full integration with mobile devices, conferencing, instant messaging and presence (IM&P) and Web collaboration. Its Hosted UC products enable service providers to offer enterprises IP PBX and UC features through a hosted service rather than through premise-based equipment, such as PBXs.

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