Research Analysts’ Recent Ratings Updates for Brightcove (BCOV)
Brightcove (NASDAQ: BCOV) has recently received a number of price target changes and ratings updates:
- 8/1/2017 – Brightcove had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $5.50 price target on the stock.
- 8/1/2017 – Brightcove was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Brightcove Inc. is engaged in providing cloud content services for publishing and distributing professional digital media. Its products include Brightcove Video Cloud, an online video platform and Brightcove App Cloud, a software application development and management platform. The Company provides its solutions to media, retail, technology, financial services companies, governments, educational institutions, and non-profit organizations in North America, Europe, and the Asia Pacific. Brightcove Inc. is headquartered in Cambridge, Massachusetts. “
- 7/27/2017 – Brightcove had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $5.50 price target on the stock.
- 7/21/2017 – Brightcove was given a new $7.00 price target on by analysts at Northland Securities. They now have a “hold” rating on the stock.
Brightcove Inc. (NASDAQ BCOV) opened at 7.00 on Thursday. The stock’s 50 day moving average is $6.50 and its 200 day moving average is $7.25. Brightcove Inc. has a one year low of $5.40 and a one year high of $13.80. The stock’s market capitalization is $240.42 million.
Brightcove (NASDAQ:BCOV) last released its earnings results on Wednesday, July 26th. The software maker reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. Brightcove had a negative net margin of 12.22% and a negative return on equity of 19.65%. The business had revenue of $38.75 million for the quarter, compared to analysts’ expectations of $37.13 million. During the same period last year, the firm earned ($0.01) EPS. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Brightcove Inc. will post ($0.37) EPS for the current year.
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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