NEW YORK ( TheStreet) -- Shares of BroadSoft (Nasdaq: BSFT) were gapping up Monday morning with an open price 19.5% higher than Friday's closing price. The stock closed at $23.70 Friday and opened today's trading at $28.33. The average volume for BroadSoft has been 676,100 shares per day over the past 30 days. BroadSoft has a market cap of $699.6 million and is part of the technology sector and telecommunications industry. Shares are down 0.8% year to date as of the close of trading on Friday. BroadSoft, Inc. provides software that enables fixed-line, mobile, and cable service providers to deliver voice and multimedia services over Internet protocol (IP) based networks. The company has a P/E ratio of 30.5, below the average telecommunications industry P/E ratio of 48.6 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates BroadSoft as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity and robust revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full BroadSoft Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.