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BroadSoft Inc (NASDAQ:BSFT) target bumped up to $45.00, released a ratings update earlier today by Barclays PLC

Barclays PLC upped the price target of BroadSoft Inc (NASDAQ:BSFT) to $45.00 stating a potential upside of 0.07%.

Yesterday BroadSoft Inc (NASDAQ:BSFT) traded 1.38% higher at $42.20. The company’s 50-day moving average is $43.28 and its 200-day moving average is $41.22. The last closing price is up 7.22% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 467,229 shares of the stock traded hands, up from an average trading volume of 422,056

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BroadSoft Inc (NASDAQ:BSFT)

BroadSoft Inc has a 52 week low of $33.85 and a 52 week high of $48.40 The company’s market cap is currently $0.

In addition to Barclays PLC reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $44.14 with 5 brokers rating the stock a strong buy, 2 brokers 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 Inc (NASDAQ: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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