StockNews.com upgraded shares of Brightcove (NASDAQ:BCOV – Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday.
Brightcove Stock Performance
Shares of BCOV opened at $2.51 on Friday. The firm’s 50-day simple moving average is $2.27 and its 200 day simple moving average is $2.12. Brightcove has a 52 week low of $1.55 and a 52 week high of $4.56. The firm has a market cap of $111.90 million, a P/E ratio of -11.41 and a beta of 0.74.
Brightcove (NASDAQ:BCOV – Get Free Report) last announced its earnings results on Wednesday, May 8th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. Brightcove had a negative net margin of 4.74% and a negative return on equity of 7.87%. The firm had revenue of $50.48 million for the quarter. As a group, equities analysts forecast that Brightcove will post -0.31 earnings per share for the current year.
Institutional Inflows and Outflows
Brightcove Company Profile
Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company's solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.
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