Information Provided By:
Fly News Breaks for October 24, 2017
Oct 24, 2017 | 08:29 EDT
As previously noted, Needham analyst Richard Valera downgraded BroadSoft to Hold from Buy after the company agreed to be acquired by Cisco (CSCO) yesterday. Valera says the $55 per share price target will be viewed as underwhelming given speculation around the sale, but the 28% premium is not unreasonable. The analyst adds that given the "exhaustive process", a higher bid is not likely.
News For BSFT;CSCO From the Last 2 Days
There are no results for your query BSFT;CSCO
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.