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.



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