BroadSoft crashes on Q1 miss, EPS guidance; Mavenir also lower

In addition to missing Q1 estimates, BroadSoft (BSFT -20%) is guiding for Q2 revenue of $48M-$52M and EPS of $0.17-$0.31. While the former is in-line with a $50.4M consensus, the latter is below a $0.33 consensus.

The company is reiterating full-year guidance for revenue of $206M-$212M and EPS of $1.26-$1.46; the consensus is at $208.8M and $1.35.

Gross margin fell to 76% in Q1 from 83% in Q4 and 80% a year ago, taking a toll on EPS. Opex rose 20% Y/Y to $40.1M, outpacing revenue growth of 11%.

Carrier VoIP software rival Mavenir (MVNR -4.2%) is following BroadSoft lower ahead of its Wednesday Q1 report.

Q1 results, PR

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs