BroadSoft, Inc. (BSFT) is a global communication software and service provider with over 500 customers worldwide supporting millions of subscribers. The company provides cloud-based Unified Communications solutions to communications service providers, based on their UC-One solution which consists of two product platforms, BroadWorks and BroadCloud. In 2013 the company acquired the British company Hosted IP Communications (Europe) Ltd. (HIPCOM) and the German company Finocom AG, both providers of cloud-delivered unified communications services.
Reported before open today (5/2/16) Earnings: EPS $0.37 Revenue $73.1M Estimates: EPS $0.27 Revenue $71.7M Up 3.84% today
Wow, that couldn't be set up any better for a bounce down. Resistance line, 50MA and 200MA acting as resistance, 50MA bearish crossover of the 200MA will happen tomorrow. Nice one.
Closed my short position for a 1.30% gain. Trade didn't go as planned, but the market going up the last few days didn't help. Had to abandon the trade as it broke above my resistance line and the 50MA and has been holding them and not dropping below. Can't really complain much though as I still made 1.30%.
