- Declaring the company's recent 21% pullback spells a buying opportunity, Wells Fargo's Jess Lubert has upgraded BroadSoft (BSFT) to Outperform. His target range is $38-$42.
- Lubert asserts BroadSoft's hosted unified communications software/services ops should see 20%+ growth for the third straight year in 2016. The upgrade comes ahead of BroadSoft's Feb. 29 Q4 report.
- BroadSoft is up 2% premarket to $32.43 - one of the handful of tech names trading higher on an ugly morning for equity futures. Shares soared in November in response to a Q3 beat and strong Q4 guidance, but have more than given back their gains since as markets slumped.