Equities research analysts expect Brightcove Inc (NASDAQ:BCOV) to report sales of $39.55 million for the current quarter, according to Zacks. Two analysts have issued estimates for Brightcove’s earnings, with estimates ranging from $39.50 million to $39.60 million. Brightcove reported sales of $38.63 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.4%. The company is expected to report its next quarterly earnings report after the market closes on Thursday, February 22nd.
On average, analysts expect that Brightcove will report full year sales of $39.55 million for the current fiscal year, with estimates ranging from $155.31 million to $155.41 million. For the next year, analysts expect that the firm will report sales of $164.99 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 research analysts that cover Brightcove.
BCOV has been the topic of several recent analyst reports. Northland Securities upgraded shares of Brightcove from a “market perform” rating to an “outperform” rating in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Brightcove from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Stifel Nicolaus lifted their target price on shares of Brightcove from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, B. Riley reiterated a “hold” rating and issued a $7.25 target price on shares of Brightcove in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $8.44.
Brightcove (NASDAQ BCOV) opened at $6.70 on Wednesday. The company has a market cap of $226.84, a price-to-earnings ratio of -10.15 and a beta of 1.86. Brightcove has a twelve month low of $5.40 and a twelve month high of $9.30.
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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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