Wall Street analysts expect that Brightcove Inc (NASDAQ:BCOV) will post sales of $39.49 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Brightcove’s earnings, with the highest sales estimate coming in at $39.60 million and the lowest estimate coming in at $39.36 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 issue its next 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 fiscal year, with estimates ranging from $155.31 million to $155.41 million. For the next 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 Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Brightcove.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04. The firm had revenue of $39.50 million during the quarter, compared to analysts’ expectations of $37.99 million. Brightcove had a negative return on equity of 25.11% and a negative net margin of 14.58%. Brightcove’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share.
Brightcove (BCOV) opened at $6.98 on Friday. The stock has a market capitalization of $241.57, a price-to-earnings ratio of -10.57 and a beta of 1.87. Brightcove has a 1-year low of $5.40 and a 1-year high of $9.30.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCOV. Litespeed Management L.L.C. acquired a new position in shares of Brightcove in the third quarter worth $8,570,000. Cooper Creek Partners Management LLC raised its holdings in shares of Brightcove by 60.8% in the second quarter. Cooper Creek Partners Management LLC now owns 1,204,357 shares of the software maker’s stock worth $7,467,000 after acquiring an additional 455,504 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of Brightcove by 27.7% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,845,590 shares of the software maker’s stock worth $11,443,000 after acquiring an additional 400,029 shares during the last quarter. Discovery Group I LLC acquired a new position in shares of Brightcove in the third quarter worth $1,763,000. Finally, Emancipation Management LLC acquired a new position in shares of Brightcove in the third quarter worth $1,071,000. 62.36% of the stock is owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Brightcove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brightcove and related companies with MarketBeat.com's FREE daily email newsletter.