Brightcove (BCOV) to Release Earnings on Thursday

Brightcove (NASDAQ:BCOV) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Brightcove to post earnings of ($0.02) per share and revenue of $48.50 million for the quarter.

Brightcove Price Performance

Shares of BCOV stock opened at $4.45 on Wednesday. The stock has a 50-day moving average price of $4.41 and a 200 day moving average price of $3.29. The firm has a market cap of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. Brightcove has a 12 month low of $1.55 and a 12 month high of $4.46.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BCOV shares. Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. StockNews.com began coverage on Brightcove in a research note on Thursday, February 20th. They issued a “buy” rating for the company. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $4.45 price target (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th.

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.