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Broadsoft (NASDAQ:BSFT) has been downgraded from Outperform to Mkt Perform in a statement by Raymond James earlier today.

Raymond James has downgraded Broadsoft (NASDAQ:BSFT) from Outperform to Mkt Perform in a statement released on 11/15/2017.

Boasting a price of $54.85, Broadsoft (NASDAQ:BSFT) traded 1.67% higher on the day. With the last stock price close up 24.93% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. Broadsoft has recorded a 50-day average of $51.65 and a two hundred day average of $43.87. Volume of trade was up over the average, with 16,026,485 shares of BSFT changing hands over the typical 614,789

Performance Chart

Broadsoft (NASDAQ:BSFT)

With a total market value of $0, Broadsoft has 52 week low of $33.85 and a 52 week high of $54.90 .

Also covering Broadsoft's price target, a total of 7 analysts have released a report on Broadsoft. The 12-month price target is $44.14 with five brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Broadsoft (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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