Long Position on BSFT @ $37.00 on 3/24/2016 (Momentum)

BroadSoft, Inc. (BSFT) provides software and services that enable telecommunications service providers to deliver hosted, cloud-based unified communications (UC) to their enterprise customers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

The company’s products include UC-One solution, a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a hosted basis. Its UC-One services include high definition voice and video calling, audio conferencing, instant messaging and presence, desktop sharing, and collaboration and call center services that can be accessed through desk phones, smartphones, tablets, laptops, and personal computers.

The company provides its enterprise and consumer communications services through BroadWorks application server software and BroadCloud software-as-a-service deployment options. It also offers a range of professional support services, such as pre-sales support; installation, network integration, project management, and remote upgrade services, as well as consulting services; product life-cycle services; and training services.

BroadSoft, Inc. sells its products directly, as well as through distribution partners comprising telecommunications equipment vendors, value-added resellers, and other distributors. 

Shares have formed a bullish "flag" formation following the company's latest quarterly results, and higer share prices are expected for this stock. The company said it had net income of 39 cents per share. Earnings, adjusted for stock option expense and pretax expenses, came to $1.04 per share, well above the 67 cents expected.

52-Weeks Trading Range: $26.99 - $40.90

Entry Point: $37.00

Stop Loss: $35.10

Target Price: $40.70

Updates

3/31/2016 12:23:03 PM

BSFT closed at $40.70.

Position closed on 3/31/2016 at price of $40.70 with a 10.00% gain in 7 days.

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