Will This Price Target Cut Hurt Broadsoft (BSFT) Stock Today?

NEW YORK (TheStreet) -- Broadsoft (BSFT) stock has had its price target cut to $29 from $38, Jefferies said Tuesday. The firm said the revision was due to the current volatility in the company's business. Analysts reiterated a "buy" rating.

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Separately, TheStreet Ratings team rates BROADSOFT INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate BROADSOFT INC (BSFT) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

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