Brightcove (BCOV) Receiving Somewhat Positive Press Coverage, Study Shows
Press coverage about Brightcove (NASDAQ:BCOV) has trended somewhat positive on Friday, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brightcove earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 45.6452430752069 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Brightcove (BCOV) opened at $7.00 on Friday. The company has a market cap of $242.43, a price-to-earnings ratio of -10.61 and a beta of 1.88. Brightcove has a 52-week low of $5.40 and a 52-week high of $9.30.
Brightcove (NASDAQ:BCOV) last posted its earnings results on Thursday, October 26th. The software maker reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. The firm had revenue of $39.50 million for the quarter, compared to the consensus estimate of $37.99 million. Brightcove had a negative net margin of 14.58% and a negative return on equity of 25.11%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.02 EPS. analysts predict that Brightcove will post -0.54 EPS for the current year.
BCOV has been the topic of a number of recent analyst reports. Northland Securities reissued a “hold” rating and issued a $7.00 price objective on shares of Brightcove in a research report on Friday, September 1st. Zacks Investment Research raised shares of Brightcove from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. B. Riley reaffirmed a “hold” rating and issued a $7.25 target price on shares of Brightcove in a research report on Friday, October 27th. Finally, Stifel Nicolaus increased their target price on shares of Brightcove from $10.50 to $11.00 and gave the company a “buy” rating in a research 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 assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.44.
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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