May 6, 2014 9:32 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NASDAQ: BSFT), but lowered the price target from $28.00 to $20.00.In the report, Deutsche Bank noted, “Q1 miss; Q2 guide down; maintain Hold on 2H14+ growth caution. Weak report from BroadSoft: Q1: $43.9M / $0.07 and the Q2 guide ($48M- $52M / $0.17-0.31) coming in below consensus. Management reiterated their CY14 outlook ($206M-212M / $1.26-1.36) – which suggests rev re-acceleration during 2H14; a stretch goal in our view (we are modeling CY14 slightly below the low-end of BroadSoft's outlook)."We remain cautious on BroadSoft's 2H14+ growth story – noting decelerating trends in consumer VoIP; enterprise VoIP not a top-tier CIO priority, and growing competition from Microsoft and Cisco. We remain on the sidelines on this small-cap hosted VoIP and UC play. Lower our PT from $28 to $20 on our updated FY14/15 estimates.”BroadSoft closed on Monday at $20.16.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.