Broadsoft And The Billings Growth Debate

Jefferies raised its price target from $52 to $55 for Broadsoft Inc BSFT and reiterated a Buy Rating.

According to analyst George Notter, discussion on Broadsoft has focused on recent softness in Software License Billings growth, which he expects to improve going into 2017.

"We continue to believe that investors should view the softer License Billings growth in the context of the overall business," explained Cotter. The analyst's positive outlook is also encouraged by the company's progress with Transformation projects.

"Several of the larger carriers are getting more aggressive with their Transformation programs," said Cotter. "Projects with AT&T, Verizon, Rogers and Vodafone Germany have been particularly highlighted."