Broadsoft continues surge

It was a startling turnaround: The Gaithersburg voice-over-Internet-protocol firm had seen its shares - which at $9 were priced at the bottom of the expected range - stagger right out of the gate. However Broadsoft took off afterwards a strong third-quarter revenues report in November and ended the year at $23.88 per share.

That trend has continued into 2011 - with Broadsoft trading at around $38 per share Monday. In a post on financial blog Seeking Alpha, analyst David Sterman argues the surge "is anyway you look at it a case where momentum has carried this stock so then past the range in which it deserves to trade," citing competitive pressures from Huawei, Acme Packet and potentially Microsoft, also as slowing growth in Verizon FIOS service. Verizon is a major customer for Broadsoft's VoIP (Voice over Internet Protocol) software.

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