A number of firms have modified their ratings and price targets on shares of Brightcove (NASDAQ: BCOV) recently:

  • 11/7/2017 – Brightcove was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.50 price target on the stock. According to Zacks, “Brightcove Inc. is engaged in providing cloud content services for publishing and distributing professional digital media. Its products include Brightcove Video Cloud, an online video platform and Brightcove App Cloud, a software application development and management platform. The Company provides its solutions to media, retail, technology, financial services companies, governments, educational institutions, and non-profit organizations in North America, Europe, and the Asia Pacific. Brightcove Inc. is headquartered in Cambridge, Massachusetts. “
  • 11/6/2017 – Brightcove was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Brightcove Inc. is engaged in providing cloud content services for publishing and distributing professional digital media. Its products include Brightcove Video Cloud, an online video platform and Brightcove App Cloud, a software application development and management platform. The Company provides its solutions to media, retail, technology, financial services companies, governments, educational institutions, and non-profit organizations in North America, Europe, and the Asia Pacific. Brightcove Inc. is headquartered in Cambridge, Massachusetts. “
  • 11/1/2017 – Brightcove was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.00 price target on the stock. According to Zacks, “Brightcove Inc. is engaged in providing cloud content services for publishing and distributing professional digital media. Its products include Brightcove Video Cloud, an online video platform and Brightcove App Cloud, a software application development and management platform. The Company provides its solutions to media, retail, technology, financial services companies, governments, educational institutions, and non-profit organizations in North America, Europe, and the Asia Pacific. Brightcove Inc. is headquartered in Cambridge, Massachusetts. “
  • 10/27/2017 – Brightcove had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $7.25 price target on the stock. They wrote, “We increase our 2017/2018 revenue both by 1.1% and AEBITDA slightly from -$7.8MM/$5.3MM to -$6.5MM/$5.4MM. Our PT increases from $5.50 PT to $7.25 on a slightly higher multiple of 1.3x EV/2018 sales (1.0x prev.) due to the improving visibility around profitability heading into 2018 but still a 50% discount to comps due to uneven track record of execution.””
  • 10/27/2017 – Brightcove was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating.
  • 10/27/2017 – Brightcove had its price target raised by analysts at Stifel Nicolaus from $10.50 to $11.00. They now have a “buy” rating on the stock.
  • 10/17/2017 – Brightcove was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Brightcove Inc. is engaged in providing cloud content services for publishing and distributing professional digital media. Its products include Brightcove Video Cloud, an online video platform and Brightcove App Cloud, a software application development and management platform. The Company provides its solutions to media, retail, technology, financial services companies, governments, educational institutions, and non-profit organizations in North America, Europe, and the Asia Pacific. Brightcove Inc. is headquartered in Cambridge, Massachusetts. “
  • 9/28/2017 – Brightcove was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Brightcove Inc. is engaged in providing cloud content services for publishing and distributing professional digital media. Its products include Brightcove Video Cloud, an online video platform and Brightcove App Cloud, a software application development and management platform. The Company provides its solutions to media, retail, technology, financial services companies, governments, educational institutions, and non-profit organizations in North America, Europe, and the Asia Pacific. Brightcove Inc. is headquartered in Cambridge, Massachusetts. “

Brightcove Inc. (BCOV) opened at $7.15 on Wednesday. Brightcove Inc. has a 1 year low of $5.40 and a 1 year high of $9.30.

Brightcove (NASDAQ:BCOV) last released its earnings results on Thursday, October 26th. The software maker reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04. The business had revenue of $39.50 million for the quarter, compared to the consensus estimate of $37.99 million. Brightcove had a negative return on equity of 25.11% and a negative net margin of 14.58%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share. equities research analysts forecast that Brightcove Inc. will post -0.54 EPS for the current fiscal year.

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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