- Pacific Crest promptly downgraded BroadSoft (BSFT) to Perform from Outperform, citing a weak Q3 and soft guidance given eroding fundamentals.
- Jefferies trimmed its FY2013/2014 EPS estimates to $1.21/$1.60 from $1.30/$1.80 and its PT to $38 ($39.75 previous) but reiterated a Buy rating. Analyst George Notter thinks today's weakness presents a buying opportunity given BroadSoft's strong growth prospects in the Hosted PBX/SIP Trunking space and the optionality of long-term success in the FMC/VoLTE space.
- Shares -19.7% pre-market
BroadSoft downgraded by Pacific Crest, Jefferies defends
From other sites
at CNBC.com (Nov 6, 2014)
at CNBC.com (Nov 4, 2013)
at CNBC.com (May 6, 2013)
at CNBC.com (Feb 27, 2013)
at CNBC.com (Aug 7, 2012)
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