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August 4, 2014
14:27 EDTBSFTBroadSoft Q2 margins, Q3 outlook disappoint, says Wells Fargo
Wells Fargo says BroadSoft reported solid Q2 results but that the company's margins and Q3 outlook disappointed. The firm thinks the back-end loaded nature of BroadSoft's 2014 forecast could be an overhang on the stock. It keeps a Market Perform rating on the name with an increased price target range of $23-$26.
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