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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.
News For BSFT From The Last 14 Days
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May 10, 2013
09:03 EDTBSFTBroadSoft could be acquired by Oracle, says Pacific Crest
Pacific Crest believes that Oracle's (ORCL) interest in SMX servers could lead that company to buy Broadsoft (BSFT), which integrates IMS applications with SMX technology, according to the firm. Pacific Crest thinks that BroadSoft could be worth up to $42.50 per share in a takeover deal, and it keeps an Outperform rating on the shares.
May 7, 2013
09:17 EDTBSFTOn The Fly: Pre-market Movers
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08:32 EDTBSFTBroadSoft fundamentals appear to have bottomed last quarter, says Pacific Crest
Pacific Crest believes that Broadsoft's risk/reward is becoming more favorable as its fundamentals improve. The firm keeps an Outperform rating on the shares.
May 6, 2013
18:56 EDTBSFTOn The Fly: After Hours Movers
UP AFTER EARNINGS: MercadoLibre (MELI), up 10%... Santarus (SNTS), up 11.2%... BroadSoft (BSFT), up 8%. ALSO HIGHER: First Solar (FSLR), up 1.2% after reporting first quarter earnings, affirming its full-year guidance, and announcing plans to cut 150 employees this quarter. DOWN AFTER EARNINGS: Ruckus Wireless (RKUS), down 17%... Forest Oil (FST), down 4.2%. ALSO LOWER: Generac (GNRC), down 3.2% after filing to sell 9M shares of common stock for holders.
16:16 EDTBSFTBroadSoft sees FY13 adjusted EPS $1.10-$1.35, consensus $1.23
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16:15 EDTBSFTBroadSoft sees Q2 adjusted EPS 15c-25c, consensus 26c
Sees Q2 revenue $40M-$44M, consensus $43.44M.
16:15 EDTBSFTBroadSoft reports Q1 adjusted EPS 18c, consensus 11c
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10:04 EDTBSFTOn The Fly: Analyst Initiation Summary
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05:42 EDTBSFTBroadSoft initiated with a Hold at Deutsche Bank
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