Economy

Cisco buys Broadsoft for Dollars 1.9 bln

Cisco buys Broadsoft for Dollars 1.9 bln”

These companies will be able to buy solutions for integrated mobile, video, voice and other forms of electronic communications.

Rowan Trollope, senior vice president and general manager of Cisco's Applications Business Group said, "We believe that our combined offers, from Cisco's collaboration technology for enterprises to BroadSoft's suite for small and medium businesses delivered through Service Providers will give customers more choice and flexibility". Fdx Advsr has invested 0.02% in BroadSoft Inc (NASDAQ:BSFT). The firm earned "Buy" rating on Wednesday, October 14 by Berenberg. ValuEngine upgraded shares of BroadSoft from a sell rating to a hold rating in a research note on Friday, September 1st. Finally, Summit Securities Group LLC bought a new position in BroadSoft during the second quarter valued at approximately $238,000.

Catherine Trebnick of Dougherty & Co., who has a Buy rating on Broadsoft, writes that the company is "a very attractive asset for Cisco with its broad reach globally as result of their unique sell through model with carriers". Covering sell-side analysts are estimating company growth for next year to be 15.35%. The company now has an average rating of "Buy" and a consensus target price of $45.29. Brown Advisory has invested 0.21% of its portfolio in BroadSoft Inc (NASDAQ:BSFT). About shares traded. Morgan Stanley (NYSE:MS) has risen 57.08% since October 23, 2016 and is uptrending. The company has a market cap of $1.26 billion, a PE ratio of 188.51 and a beta of 1.59. If the $57.35 price target is reached, the company will be worth $84.50 million more. BroadSoft had a net margin of 2.01% and a return on equity of 11.32%. The firm's revenue for the quarter was up 21.7% compared to the same quarter a year ago. They expect $-0.03 EPS, down 133.33% or $0.12 from last year's $0.09 per share. Cisco might not be the first company you think of when it comes to collaboration, especially with Slack, Microsoft, Google and Facebook all in on this lucrative enterprise market, but it is one that the company has been looking at going back to the Enterprise 2.0 days back in 2006. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & global copyright and trademark laws.



Like this

Latest


23 October 2017
Horror error leads to epic 'Bradbury' marathon win
Eyob Faniel became the first Italian to win the race in 22 years, following the weird incident which saw six runners taking a wrong turn.

23 October 2017
Need to tinker with GST rates: Top official
The BJP government is preparing for yet another series of economic reforms, said Prime Minister Narendra Modi today. It also rationalised the rates of over 100 commodities and made refund process easier for exporters.

23 October 2017
Hot Stock of the Day - Bank of America Corporation (NYSE: BAC)
Finally, Jefferies Group LLC restated a "buy" rating on shares of Bank of America Corporation in a report on Friday, July 7th. Castleark Ltd Co holds 0.39% or 485,800 shares in its portfolio. 23,259 are held by Stonebridge Capital Advisors Ltd Com.

23 October 2017
Homicide team on scene of South Surrey shooting
It also, apparently matches the description of a suspect vehicle from shots fired nearby in Langley early Sunday morning . In South Surrey, officers are conducting neighbourhood canvassing and speaking with witnesses today (Monday).

23 October 2017
Dwyane Wade: Moving To Cavaliers Bench Is Best For The Team
The Cavaliers are 2-1 through three games and Tuesday they will face one of Wade's former teams, the Bulls. He's struggled massively offensively to start the season and has only shot 28 percent from the floor.

23 October 2017
Bum note: 'Bad singing' lands Canadian motorist with $149 fine
A total of four Montreal police officers surrounded Moalla's vehicle and asked him if he had been screaming in his auto . Moalla said police demanded his licence and registration before handing him the hefty fine for screaming in public.

23 October 2017
Body of small boy washes ashore on Galveston beach
Police have been unable to trace his parents or any family members, and no one has come forward to report a missing child. The boy's body was found lying in the sand on Galveston Island around 5:30 p.m. on October 20, police say.

23 October 2017
Jimmy Carter 'available' to help Trump with North Korea
But a senior White House official who briefed reporters ahead of the trip said China needs to do more to comply with two U.N. He has tried to give some sensible reassurances to the regime, to enable them to take up this offer".

23 October 2017
At last minute, EPA pulls scientists from New England climate conference
The Narragansett Bay Estuary Program is one of 28 such programmes funded by the EPA, according to the EPA's website. The EPA did not respond when asked by CNN for the reasoning behind not allowing the scientists to speak.

23 October 2017
Weatherford International PLC (WFT) Shares Bought by BlueCrest Capital Management Ltd
The oil and gas company reported ($0.28) earnings per share for the quarter, meeting the Zacks' consensus estimate of ($0.28). Following the transaction, the vice president now directly owns 279,125 shares in the company, valued at $1,236,523.75.



Recommended