Brightcove Inc. (NASDAQ:BCOV) Set to Announce Earnings on Wednesday
Brightcove Inc. (NASDAQ:BCOV) will be releasing its earnings data after the market closes on Wednesday, July 26th. Analysts expect Brightcove to post earnings of ($0.14) per share for the quarter. Brightcove has set its Q2 guidance at ($0.13-0.15) EPS and its FY17 guidance at ($0.28-0.19) EPS.
Brightcove (NASDAQ:BCOV) last announced its quarterly earnings results on Thursday, May 4th. The software maker reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.04. Brightcove had a negative return on equity of 12.25% and a negative net margin of 8.88%. The business had revenue of $37.60 million during the quarter, compared to the consensus estimate of $37.38 million. During the same quarter in the prior year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts expect Brightcove to post $-0.260 EPS for the current fiscal year and $0.070 EPS for the next fiscal year.
Shares of Brightcove Inc. (NASDAQ BCOV) opened at 6.775 on Tuesday. The company’s market cap is $228.88 million. Brightcove Inc. has a 12 month low of $5.40 and a 12 month high of $13.80. The company has a 50-day moving average of $6.33 and a 200 day moving average of $7.33.
A number of research analysts have recently issued reports on BCOV shares. Stifel Nicolaus dropped their target price on Brightcove from $13.00 to $10.50 and set a “buy” rating on the stock in a report on Friday, May 5th. TheStreet raised Brightcove from a “d+” rating to a “c-” rating in a report on Tuesday, March 28th. Northland Securities set a $7.00 target price on Brightcove and gave the company a “hold” rating in a report on Friday. B. Riley lowered Brightcove to a “neutral” rating and set a $5.50 target price on the stock. in a report on Wednesday, May 10th. Finally, ValuEngine lowered Brightcove from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.40.
ILLEGAL ACTIVITY NOTICE: “Brightcove Inc. (NASDAQ:BCOV) Set to Announce Earnings on Wednesday” was first reported by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/07/25/brightcove-inc-nasdaqbcov-set-to-announce-earnings-on-wednesday.html.
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.
Receive News & Ratings for Brightcove Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brightcove Inc. and related companies with MarketBeat.com's FREE daily email newsletter.