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Stock Market & Financial Investment News

News Breaks
February 28, 2013
10:40 EDTBSFTBroadSoft spikes lower after earnings beat, big guidance cut
The company yesterday beat consensus earnings for its Q4 by 6 cents per share, but then cut its Q1 and fiscal year 2013 to well below expectations. The stock is down nearly 26% at time of writing. At the current price of $23.02, next major support is at $20.13, a monthly pivot low from last year. Next support is at $21.74. Resistance is at $25.01. Many firms cut recommendations and price targets this morning in wake of the results and estimate reductions.
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August 27, 2014
07:43 EDTBSFTJefferies to hold a summit
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