BroadSoft, Inc. Prices $175.0 Million Convertible Senior Note Offering
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Needham & Company Reiterates Buy on Broadsoft (BSFT) Following Announced Convert Deal
September 14, 2015 6:39 AM UTCNeedham & Company reiterated a Buy rating and $40.00 price target on Broadsoft (NASDAQ: BSFT) following the announcement and subsequent pricing of BSFT's $175MM convert deal. The deal meaningfully increases BSFT's cash (but not net cash) on its balance sheet and eliminates any intermediate concerns regarding the company's 2018... More
