NEW YORK ( TheStreet) -- BroadSoft (Nasdaq: BSFT) is trading at unusually high volume Friday with three million shares changing hands. It is currently at four times its average daily volume and trading up $1.47 (+3.9%) at $39.03 as of four p.m. ET.

BroadSoft has a market cap of $982.7 million and is part of the technology sector and computer software & services industry. Shares are up 57.3% year to date as of the close of trading on Thursday.

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 22.8, below the average computer software & services industry P/E ratio of 27.8 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 notable return on equity, robust revenue growth and solid stock price performance. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full BroadSoft Ratings Report.

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