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On February 2, 2018, Cisco Systems (CSCO) announced that it completed its acquisition of BroadSoft (BSFT) for $1.9 billion. According to the acquisition, Cisco will pay $55 per share in cash. The acquisition is expected to accelerate Cisco’s cloud strategy and collaboration portfolio.
Short interest is low for BSFT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ETFs that hold BSFT had net inflows of $624 million over the last one-month.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.
BroadSoft (BSFT) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to BroadSoft, Inc. Here are 5 ETFs with the largest exposure to BSFT-US. Comparing the performance and risk of BroadSoft, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)
This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on November 16. Index (PMI) data, output in the Technology sector is rising.
In fiscal 1Q18, Cisco’s (CSCO) Applications business segment's revenue rose 6% YoY (year-over-year) to $1.2 billion, up from $1.13 billion in 1Q17.
As Cisco shifts from hardware to software and recurring revenue models, acquisitions of companies such as Appdynamics, CliQr and Viptela are helping move the needle.
Chuck Robbins will tout Cisco's gains in software and services with recurring revenue. But investors also will look for gains from big data center customers Google and Microsoft and tips on how Cisco might ...
BroadSoft should provide Cisco with access to best-in-class cloud voice and contact solutions—strong additions to the latter’s existing product offerings.
On a per-share basis, the Gaithersburg, Maryland-based company said it had a loss of 9 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share. The results exceeded Wall Street ...
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If you ask Sean Udall, Cisco Systems, Inc. (NASDAQ: CSCO )’s acquisition of BroadSoft Inc (NASDAQ: BSFT ) was a long time coming — both for the pairing and for the markets. “Probably the most surprising ...
Networking giant Cisco (CSCO) said on Monday, October 23, 2017, that it will be acquiring cloud-based communication software company BroadSoft (BSFT) for ~$1.7 billion.
Shares in RingCentral slipped after Cisco Systems acquired rival BroadSoft, a maker of telecom communications software.