Brightcove (BCOV) Earning Favorable Press Coverage, Analysis Finds

Media stories about Brightcove (NASDAQ:BCOV) have been trending positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brightcove earned a news sentiment score of 0.31 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 46.7258556647363 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Brightcove (NASDAQ:BCOV) traded down $0.05 during trading hours on Thursday, reaching $6.85. 88,900 shares of the company’s stock were exchanged, compared to its average volume of 130,018. The firm has a market capitalization of $242.43, a PE ratio of -10.38 and a beta of 1.87. Brightcove has a 1-year low of $5.40 and a 1-year high of $9.30.

Brightcove (NASDAQ:BCOV) last posted its quarterly earnings results on Thursday, October 26th. The software maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $39.50 million during the quarter, compared to analysts’ expectations of $37.99 million. Brightcove had a negative net margin of 14.58% and a negative return on equity of 25.11%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $0.02 earnings per share. equities research analysts expect that Brightcove will post -0.54 earnings per share for the current fiscal year.

A number of research firms have commented on BCOV. Zacks Investment Research upgraded shares of Brightcove from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Wednesday, November 1st. Northland Securities upgraded shares of Brightcove from a “market perform” rating to an “outperform” rating in a report on Friday, October 27th. Stifel Nicolaus raised their price target on shares of Brightcove from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, B. Riley restated a “hold” rating and issued a $7.25 price target on shares of Brightcove in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average 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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