Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Brightcove (BCOV) Stock Price
News articles about Brightcove (NASDAQ:BCOV) have trended somewhat positive on Sunday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brightcove earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.9518170012089 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Brightcove (NASDAQ BCOV) traded down $0.05 during trading hours on Friday, reaching $7.40. The company’s stock had a trading volume of 124,888 shares, compared to its average volume of 209,627. Brightcove has a 52-week low of $5.40 and a 52-week high of $9.30.
Brightcove (NASDAQ:BCOV) last announced its earnings results on Thursday, October 26th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The firm had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $37.99 million. Brightcove had a negative return on equity of 25.11% and a negative net margin of 14.58%. Brightcove’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 EPS. equities research analysts forecast that Brightcove will post -0.54 earnings per share for the current year.
A number of equities research analysts recently weighed in on the company. B. Riley restated a “neutral” rating and issued a $5.50 price target on shares of Brightcove in a report on Tuesday, August 1st. Zacks Investment Research upgraded Brightcove from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Wednesday, November 1st. Northland Securities restated a “hold” rating and issued a $7.00 price target on shares of Brightcove in a report on Friday, September 1st. Finally, Stifel Nicolaus upped their price target on Brightcove from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $8.44.
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Brightcove Company Profile
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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