Cisco to buy BroadSoft in $1.9 billion deal

Cisco set to buy BroadSoft

It dived, as 33 investors sold BroadSoft Inc shares while 50 reduced holdings. 10,297 are held by Bnp Paribas Arbitrage Sa.

Shares of BroadSoft, 1.4% higher Monday, were up about 31% this year while Cisco's stock, up 0.9% to $34.54, was about 13% higher year-to-date. About shares traded. BroadSoft Inc (NASDAQ:BSFT) has declined 7.18% since October 23, 2016 and is downtrending. The 6 months bullish chart indicates low risk for the $1.69B company. It just purchased its 200th company. The legal version of this article can be accessed at Its consensus analyst price target from Thomson Reuters is $35.73. BroadSoft had a negative net margin of 2.34% and a positive return on equity of 4.72%. The firm had revenue of $88.80 million during the quarter, compared to analysts' expectations of $86.63 million. The company's revenue for the quarter was up 8.7% compared to the same quarter past year. BroadSoft's 2016 revenues of $341 million were actually up more than 100% from its 2012 revenues, and analysts in the Thomson Reuters universe have a consensus estimate of nearly $500 million in revenue in 2019.

Several equities analysts have commented on BSFT shares.

Among 29 analysts covering Morgan Stanley (NYSE:MS), 17 have Buy rating, 0 Sell and 12 Hold. The stock of Bazaarvoice Inc (NASDAQ:BV) earned "Outperform" rating by Credit Suisse on Wednesday, March 2. The shares were sold at an average price of $45.16, for a total value of $181,091.60. Following the completion of the sale, the insider now owns 114,398 shares of the company's stock, valued at $5,491,104. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BroadSoft, a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud Unified Communications to their enterprise customers.

BroadSoft, founded in 1998 by former Alcatel USA executive Michael Tessler and Celcore executive Scott Hoffpauir, according to Bloomberg data, makes software used by mobile and cable companies for voice and multimedia services over their IP-based networks. Dimensional Fund Advsrs Lp invested 0% in BroadSoft Inc (NASDAQ:BSFT).

Related News: