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| Traded as | NASDAQ: BSFT |
| Industry | Communication software |
| Founded | 1998 (1998) |
| Headquarters | Gaithersburg, Maryland, United States |
| Revenue | $278 Million(As of 2015) |
| Website | https://www.cisco.com |
BroadSoft, Inc. (NASDAQ: BSFT) is a global communication software and service provider with over 500 customers worldwide supporting millions of subscribers. The company provides cloud-based Unified Communications solutions to communications service providers, based on their UC-One solution which consists of two product platforms, BroadWorks and BroadCloud. In 2013 the company acquired the British company Hosted IP Communications (Europe) Ltd. (HIPCOM) and the German company Finocom AG, both providers of cloud-delivered unified communications services.
The company was founded by Michael Tessler and Scott D. Hoffpauir in 1998. The products and services of the company play a critical part in the network by serving as the software which delivers and coordinates call control and information transmission over service providers’ IP-based network. Its products include BroadWorks and BroadCloud. The company’s flagship product, BroadWorks, is a Voice over Internet Protocol (VoIP) applications platform that enables service providers to deliver basic and enhanced voice services for business and residential end users. - See more at: http://www.broadsoft.com/service-providers/products-applications/broadworks/#sthash.BkrN9LWt.dpuf. BroadCloud is a fully managed service that delivers BroadSoft’s comprehensive Unified Communications services. - See more at: http://www.broadsoft.com/service-providers/products-applications/broadcloud/#sthash.8QiU844g.dpuf In 2014, the company was selected as the supplier of Sprint Corporation (NASDAQ: S) for its next generation multimedia system-based network and VoLTE development.
On May 31, 2016 BroadSoft, Inc. announced the acquisition of Reston, Virginia-based Intellinote, an enterprise messaging-based team communication and collaboration software application built for the increasingly mobile and millennial workforce.
Broadsoft has been acquired by Cisco at an aggregate purchase price of approximately $1.9 billion net of cash on October 23, 2017.
In 2013, the company received Frost & Sullivan 2013 New Product Innovation Leadership Award for its hosted unified communication platform product. In the same year, thanks to its unified communication platform, UC-one, it won the People's Choice Stevie Award in the 11th American Business Award Competition. UC-one was listed in "Favorite Telecommunications Service" list.
| 2016-07-06 | Reiterated Rating | Jefferies Group | Buy | |
| 2016-06-15 | Reiterated Rating | William Blair | Buy | |
| 2016-05-31 | Reiterated Rating | William Blair | Buy | |
| 2016-05-03 | Reiterated Rating | Jefferies Group | Buy | |
| 2016-05-02 | Reiterated Rating | William Blair | Buy | |
| 2016-04-29 | Boost Price Target | Dougherty & Co | Buy | $45.00 to $47.00 |
| 2016-04-27 | Reiterated Rating | Jefferies Group | Buy | |
| 2016-04-14 | Reiterated Rating | Deutsche Bank | Hold | $33.00 |
| 2016-04-14 | Reiterated Rating | Deutsche Bank AG | Hold | $33.00 |
| 2016-03-01 | Boost Price Target | Northland Securities | Market Perform | $36.00 to $40.00 |
| 2016-03-01 | Reiterated Rating | William Blair | Outperform | |
| 2016-03-01 | Reiterated Rating | Needham & Company LLC | Buy | $42.00 to $48.00 |
| 2016-02-08 | Reiterated Rating | William Blair | Outperform | |
| 2016-01-20 | Upgrade | Wells Fargo | Market Perform to Outperform | |
| 2016-01-20 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
| 2015-12-21 | Reiterated Rating | William Blair | Buy | |
| 2015-11-05 | Boost Price Target | Deutsche Bank | Hold | $30.00 to $33.00 |
| 2015-11-05 | Reiterated Rating | Jefferies Group | Buy | $41.00 to $48.00 |
| 2015-11-04 | Reiterated Rating | Needham & Company LLC | Buy | $40.00 to $42.00 |
| 2015-10-18 | Reiterated Rating | Deutsche Bank | Hold | $30.00 |
| 2015-09-22 | Reiterated Rating | Cowen and Company | Buy | |
| 2015-09-18 | Reiterated Rating | William Blair | Outperform | |
| 2015-09-14 | Reiterated Rating | Needham & Company LLC | Buy | $40.00 |
| 2015-05-09 | Reiterated Rating | Jefferies Group | Buy to Positive | $37.00 to $41.00 |
| 2015-05-09 | Reiterated Rating | Cowen and Company | Outperform | $36.00 to $48.00 |
| 2015-05-05 | Boost Price Target | Deutsche Bank | Hold | $27.00 to $30.00 |
| 2015-05-05 | Boost Price Target | Needham & Company LLC | Buy | $36.00 to $40.00 |
| 2015-02-26 | Boost Price Target | Needham & Company LLC | Buy | $30.00 to $36.00 |
| 2015-02-26 | Boost Price Target | Jefferies Group | Buy | $33.25 to $37.00 |
| 2015-02-26 | Boost Price Target | Deutsche Bank | Hold | $24.00 to $27.00 |
| 2015-02-26 | Boost Price Target | Dougherty & Co | Buy | $32.00 to $38.00 |
| 2015-01-06 | Downgrade | Goldman Sachs | Buy to Neutral | $31.00 |
| 2015-01-06 | Downgrade | Goldman Sachs Group Inc. | Buy to Neutral | $31.00 |
| 2014-11-05 | Upgrade | Raymond James | Outperform to Strong-Buy | |
| 2014-11-05 | Upgrade | Raymond James Financial Inc. | Outperform to Strong-Buy | |
| 2014-09-16 | Initiated Coverage | RBC Capital | Outperform | $48.00 |
| 2014-09-16 | Initiated Coverage | Royal Bank Of Canada | Outperform | $48.00 |
| 2014-08-05 | Reiterated Rating | Deutsche Bank | Hold | $20.00 to $22.00 |
| 2014-08-05 | Boost Price Target | Needham & Company LLC | Buy | $28.00 to $29.00 |
| 2014-08-05 | Reiterated Rating | Jefferies Group | Buy | $29.00 to $33.25 |
| 2014-05-06 | Reiterated | Needham | Buy | $36 to $28 |
| 2014-05-06 | Lower Price Target | Jefferies Group | Buy | $38.00 to $29.00 |
| 2014-05-06 | Upgrade | Morgan Stanley | Market Perform to Outperform | $24.00 |
| 2014-05-06 | Lower Price Target | Deutsche Bank | Hold | $28.00 to $20.00 |
| 2014-05-06 | Lower Price Target | Needham & Company LLC | Buy | $36.00 to $28.00 |
| 2014-05-06 | Lower Price Target | Northland Securities | Market Perform | $32.00 to $24.00 |
| 2014-05-06 | Upgrade | Cowen and Company | Market Perform to Outperform | $27.00 |
| 2014-05-06 | Upgrade | Raymond James | Market Perform to Outperform | $24.00 |
| 2014-03-12 | Boost Price Target | Goldman Sachs | Buy | $33.00 to $36.00 |
| 2014-03-03 | Boost Price Target | Needham & Company LLC | $33.00 to $36.00 | |
| 2014-01-30 | Initiated | Dougherty & Company | Buy | $36 |
| 2014-01-30 | Initiated Coverage | Dougherty & Co | Buy | $36.00 |
| 2014-01-30 | Boost Price Target | Needham & Company LLC | $33.00 | |
| 2014-01-21 | Initiated Coverage | Mizuho | Buy | $36.00 |
| 2013-12-06 | Resumed | Northland Capital | Market Perform | $32 |
| 2013-12-06 | Initiated Coverage | Northland Securities | Market Perform | $32.00 |
| 2013-11-05 | Downgrade | Pacific Crest | Outperform to Sector Perform | |
| 2013-11-05 | Lower Price Target | Wedbush | Neutral | $35.00 to $29.00 |
| 2013-11-05 | Lower Price Target | Needham & Company LLC | Buy | $34.00 to $30.00 |
| 2013-11-05 | Lower Price Target | Cowen and Company | Market Perform | $30.00 to $27.00 |
| 2013-11-05 | Reiterated Rating | Wells Fargo & Co. | Hold | $33.00 |
| 2013-11-05 | Lower Price Target | Deutsche Bank | Hold | $28.00 to $26.00 |
| 2013-11-05 | Reiterated Rating | Wells Fargo | Hold | $33.00 |
| 2013-10-08 | Reiterated Rating | Wells Fargo & Co. | Hold | $33.00 |
| 2013-10-08 | Boost Price Target | Wedbush | Neutral | $30.00 to $35.00 |
| 2013-10-08 | Reiterated Rating | Wells Fargo | Hold | $33.00 |
| 2013-05-07 | Reiterated | Mizuho | Neutral | $25 to $28 |
| 2013-02-28 | Downgrade | Oppenheimer | Outperform to Perform | |
| 2013-02-28 | Downgrade | Northland Capital | Outperform to Market Perform | $41 to $28 |
| 2013-02-28 | Downgrade | Mizuho | Buy to Neutral | |
| 2012-11-05 | Reiterated | Mizuho | Buy | $39 to $44 |
| 2012-10-19 | Upgrade | Oppenheimer | Perform to Outperform | $44 |
| 2012-08-07 | Reiterated | Northland Securities | Outperform | $34 to $39 |
| 2012-08-07 | Reiterated | Mizuho | Buy | $35 to $39 |
| 2012-06-08 | Reiterated | Mizuho | Buy | $54 to $35 |
| 2016-07-06 | Reiterated Rating | Jefferies Group | Buy | |
| 2016-06-15 | Reiterated Rating | William Blair | Buy | |
| 2016-05-31 | Reiterated Rating | William Blair | Buy | |
| 2016-05-03 | Reiterated Rating | Jefferies Group | Buy | |
| 2016-05-02 | Reiterated Rating | William Blair | Buy |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In BSFT 13 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Apex Capital Management | 1.11M |
| BlackRock Fund Advisors | 0.88M |
| BlackRock Institutional Trust Company, N.A. | 0.77M |
| MANAGED ACCOUNT ADVISORS LLC | 0.14M |
| BlackRock Investment Management, LLC | 0.11M |
| GRUBER & MCBAINE CAPITAL MANAGEMENT LLC | 100000 |
| RUSSELL FRANK CO/ | 36978 |
| Century Capital Management, LLC | 28091 |
| BlackRock Group LTD | 26711 |
| BLACKROCK ADVISORS LLC | 15670 |
| KCG Holdings, Inc. | 5617 |
| Spot Trading L.L.C | 5521 |
| MetLife Securities, Inc | 15 |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| Wyatt Andrew C. Vice President, Strategy | 0.06% (17500) | BSFT / |
| ILL Charles L | 0.06% (15782) | BSFT / |
| Joggerst Patrick VP-Global Sales | 0.04% (11640) | BSFT / |
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