Brightcove Inc. (BCOV) Set to Announce Quarterly Earnings on Wednesday
Brightcove Inc. (NASDAQ:BCOV) will be posting its quarterly earnings results after the market closes on Wednesday, July 26th. Analysts expect Brightcove to post earnings of ($0.14) per share for the quarter. Brightcove has set its Q2 guidance at ($0.13-0.15) EPS and its FY17 guidance at ($0.28-0.19) EPS.
Brightcove (NASDAQ:BCOV) last released its earnings results on Thursday, May 4th. The software maker reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.04. Brightcove had a negative return on equity of 12.25% and a negative net margin of 8.88%. The business had revenue of $37.60 million during the quarter, compared to the consensus estimate of $37.38 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts expect Brightcove to post $-0.26 EPS for the current fiscal year and $0.07 EPS for the next fiscal year.
Shares of Brightcove Inc. (BCOV) opened at 6.45 on Wednesday. The company has a 50 day moving average of $6.26 and a 200-day moving average of $7.37. The company’s market capitalization is $217.90 million. Brightcove Inc. has a 12-month low of $5.40 and a 12-month high of $13.80.
Several brokerages have recently issued reports on BCOV. TheStreet lowered shares of Brightcove from a “c-” rating to a “d+” rating in a research note on Tuesday, May 9th. Zacks Investment Research lowered shares of Brightcove from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 18th. ValuEngine lowered shares of Brightcove from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. B. Riley lowered shares of Brightcove from a “buy” rating to a “neutral” rating and set a $5.50 target price on the stock. in a research note on Friday, May 5th. Finally, Stifel Nicolaus reduced their target price on shares of Brightcove from $13.00 to $10.50 and set a “buy” rating on the stock in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.25.
Brightcove Company Profile
Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.
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