NEW YORK (TheStreet) -- Cowen and Company increased its price target on Broadsoft (BSFT - Get Report) to $33 from $27, increased its estimates and set an "outperform" rating. The firm cited strong second-quarter operational results and strong full-year guidance.
The stock closed at $24.08 on Monday.
Separately, TheStreet Ratings team rates BROADSOFT INC as a "sell" with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate BROADSOFT INC (BSFT) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."
You can view the full analysis from the report here: BSFT Ratings ReportBSFT data by YCharts