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.

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