Equities analysts forecast that Brightcove Inc (NASDAQ:BCOV) will post $39.49 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Brightcove’s earnings, with estimates ranging from $39.36 million to $39.60 million. Brightcove posted sales of $38.63 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The company is expected to report its next quarterly earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Brightcove will report full year sales of $39.49 million for the current year, with estimates ranging from $155.31 million to $155.41 million. For the next fiscal year, analysts anticipate that the business will post sales of $165.07 million per share, with estimates ranging from $162.97 million to $167.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Brightcove.
Brightcove (NASDAQ:BCOV) last released its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. Brightcove had a negative net margin of 14.58% and a negative return on equity of 25.11%. The firm had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $37.99 million. During the same quarter last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently bought and sold shares of BCOV. Rhumbline Advisers raised its holdings in shares of Brightcove by 6.9% during the 2nd quarter. Rhumbline Advisers now owns 37,181 shares of the software maker’s stock worth $231,000 after acquiring an additional 2,408 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Brightcove by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 168,641 shares of the software maker’s stock worth $1,046,000 after acquiring an additional 2,098 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Brightcove by 106.8% during the 2nd quarter. Alliancebernstein L.P. now owns 24,400 shares of the software maker’s stock worth $151,000 after acquiring an additional 12,600 shares during the period. Teachers Advisors LLC raised its holdings in shares of Brightcove by 76.6% during the 2nd quarter. Teachers Advisors LLC now owns 85,520 shares of the software maker’s stock worth $530,000 after acquiring an additional 37,081 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Brightcove by 22.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 213,629 shares of the software maker’s stock worth $1,324,000 after acquiring an additional 38,706 shares during the period. Institutional investors and hedge funds own 62.36% of the company’s stock.
Shares of Brightcove (BCOV) opened at $7.20 on Thursday. Brightcove has a one year low of $5.40 and a one year high of $9.30. The stock has a market cap of $245.89, a price-to-earnings ratio of -10.91 and a beta of 1.87.
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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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