Shares of BroadSoft (Nasdaq:BSFT) were gapping down Monday morning with an open price 17.5% lower than Friday's closing price. The stock closed at $40.89 yesterday and opened today's trading at $33.75.
NEW YORK ( TheStreet) -- Shares of BroadSoft (Nasdaq: BSFT) were gapping down Monday morning with an open price 17.5% lower than Friday's closing price. The stock closed at $40.89 Friday and opened today's trading at $33.75. The average volume for BroadSoft has been 498,900 shares per day over the past 30 days. BroadSoft has a market cap of $1.22 billion and is part of the technology sector and computer software & services industry. Shares are up 35.4% year to date as of the close of trading on Friday. BroadSoft, Inc. provides software and services that enable mobile, fixed-line, and cable service providers to deliver unified communications and other voice and multimedia services over Internet protocol (IP) based networks. The company has a P/E ratio of 38.1, below the average computer software & services industry P/E ratio of 38.5 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 revenue growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full BroadSoft Ratings Report. Get more investment ideas from our investment research center.