Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of BroadSoft (Nasdaq: BSFT ) have plunged today by 23% at the low after the software and services company reported earnings with weak guidance.
So what: Revenue in the first quarter rose 29% to $38.3 million, with non-GAAP earnings per share of $0.29. Those figures bested consensus estimates for both the top and bottom lines, but the soft guidance overshadowed the earnings beat.
Now what: Second-quarter revenue is expected to be in the range of $36 million-$38 million, leading to non-GAAP earnings per share of $0.17-$0.23. The Street was looking for second-quarter earnings of $0.28. The full-year picture looks a little better, with fiscal 2012 sales expected to be between $158 million and $162 million with adjusted earnings of $1.22-$1.32 per share. CFO Jim Tholen warned that the environment is "a little more challenging now than it was a year ago, in terms of carrier buying patterns."