BroadSoft: Softness Ending, Broad Opportunity Ahead
Darspal S Mann
Darspal S Mann
Mon, Oct. 31, 6:20 PM
- BroadSoft (NASDAQ:BSFT) slipped 6.1% today despite a Q3 earnings beat where it offered dim guidance for Q4 along with announcing an acquisition.
- Overnight, the company said it acquired VoIP Logic and that the deal would dilute earnings by a penny while adding about $800,000 to revenue for 2016.
- Revenue grew nearly 22% and GAAP net loss narrowed to just $0.6M vs. a year-ago loss of $3.3M. Non-GAAP net income was $16.4M vs. a year-ago $10.9M.
- It's guiding to Q4 revenues of $94M-$102M, vs. consensus for $99.4M, and adjusted EPS of $0.65-$0.83, its midpoints below expectations for $0.78.
- For the full year, it sees revenues of $333M-$341M (vs. consensus for $337.7M) and non-GAAP EPS of $2.04-$2.22 (vs. $2.12 consensus).
- Press Release
Mon, Oct. 31, 7:33 AM
Sun, Oct. 30, 5:30 PM
Mon, Aug. 1, 7:31 AM
Sun, Jul. 31, 5:30 PM
Mon, May 2, 7:33 AM
- BroadSoft (NASDAQ:BSFT): Q1 EPS of $0.37 beats by $0.11.
- Revenue of $73.1M (+31.3% Y/Y) beats by $1.51M.
Sun, May 1, 5:30 PM
Mon, Feb. 29, 1:01 PM
- BroadSoft's (BSFT +16.4%) Q4 beat has been accompanied by full-year guidance for revenue of $332M-$340M and EPS of $1.90-$2.10, favorable to a consensus of $325.1M and $1.93. Q1 guidance is for revenue of $70M-$74M and EPS of $0.20-$0.32 vs. a consensus of $68.7M and $0.24.
- Q4 billings (revenue + change in deferred revenue) totaled $91M, up 8% Y/Y. License software billings fell 2% to $36.4M. The deferred revenue balance stood at $111.1M (+9% Y/Y) at quarter's end.
- License revenue (drives future maintenance/services revenue) totaled $35.4M, subscription and maintenance support revenue $30.6M, and professional services/other revenue $23.6M. Non-GAAP operating expenses rose 22% Y/Y to $41M. BroadSoft ended 2015 with $248M in cash and $188M in convertible debt.
- Fellow VoIP/unified communications software provider Sonus (SONS +4%) is also having a good day.
- BroadSoft's Q4 results, earnings release
Mon, Feb. 29, 9:17 AM
Mon, Feb. 29, 7:32 AM
- BroadSoft (NASDAQ:BSFT): Q4 EPS of $1.04 beats by $0.37.
- Revenue of $89.59M (+36.1% Y/Y) beats by $7.98M.
Sun, Feb. 28, 5:30 PM
Mon, Feb. 8, 2:51 PM
- BroadSoft (NASDAQ:BSFT) has bought Transera, a provider of cloud-based contact center software targeting both SMBs and enterprises. For now, terms are undisclosed.
- BroadSoft declares the purchase will allow its service provider clients to "comprehensive cloud contact center portfolio with minimal new investments, rapid time-to-market, and seamless integration with BroadSoft's BroadWorks [unified communications software] and BroadCloud [managed UC services] solutions." It also praises Transera's support for omni-channel (voice, e-mail, chat, and social media) communications and advanced contact center analytics.
- Transera is expected to contribute $7M-$8M in 2016 revenue, while diluting EPS by $0.02-$0.03. The acquisition follows the purchase of Japanese hosted UC service provider PBXL.
- BroadSoft is seeing huge losses as equity markets tumble; many other software firms are in the same boat. Q4 results arrive on Feb. 29.
Wed, Jan. 20, 8:49 AM
- Declaring the company's recent 21% pullback spells a buying opportunity, Wells Fargo's Jess Lubert has upgraded BroadSoft (NASDAQ: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.
Nov. 13, 2015, 2:47 PM
- BroadSoft (BSFT -1.9%) is buying PBXL, a Japanese provider of hosted/cloud-based unified communications services and call center systems. Terms are undisclosed.
- BroadSoft declares the purchase will let it help service providers sell hosted UC services to a Japanese SMB market containing 5M businesses. PBXL is expected to contribute $1.5M in 2016 revenue, and be dilutive by $0.02 to both 2015 and 2016 EPS.
- Five months ago: BroadSoft buys mobile app design firm mPortal
Nov. 4, 2015, 11:31 AM
- In addition to beating Q3 estimates, BroadSoft (NASDAQ:BSFT) is guiding for Q4 revenue of $78M-$84M and EPS of $0.58-$0.74, favorable at the midpoints to a consensus of $80M and $0.62.
- The carrier VoIP/UC software provider's billings (closely watched) rose 25% Y/Y in Q3 to $71M, topping revenue of $69.1M. License revenue rose 22% to $31.3M. Subscription/maintenance support revenue rose 23% to $29.8M, and professional services/other revenue 68% to $7.9M. Operating expenses (non-GAAP) rose 27% to $39.4M.
- Shares have jumped to new 52-week highs.
- Q3 results, PR
Nov. 4, 2015, 7:36 AM
- BroadSoft (NASDAQ:BSFT): Q3 EPS of $0.36 beats by $0.03.
- Revenue of $69.1M (+26.5% Y/Y) beats by $1M.