Media stories about Brightcove (NASDAQ:BCOV) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Brightcove earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.1440369432543 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Brightcove (BCOV) traded down $0.20 during mid-day trading on Friday, reaching $6.90. 98,845 shares of the company’s stock were exchanged, compared to its average volume of 131,397. Brightcove has a one year low of $5.40 and a one year high of $9.30.
Brightcove (NASDAQ:BCOV) last issued its 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. Brightcove had a negative net margin of 14.58% and a negative return on equity of 25.11%. The company had revenue of $39.50 million for the quarter, compared to the consensus estimate of $37.99 million. During the same period in the previous year, the firm earned $0.02 earnings per share. Brightcove’s quarterly revenue was up 2.9% compared to the same quarter last year. equities analysts predict that Brightcove will post -0.54 EPS for the current fiscal year.
A number of brokerages have commented on BCOV. Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research note on Tuesday, November 7th. Northland Securities raised shares of Brightcove from a “market perform” rating to an “outperform” rating in a research note on Friday, October 27th. Stifel Nicolaus lifted their target price on shares of Brightcove from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, B. Riley reaffirmed a “hold” rating and set a $7.25 target price on shares of Brightcove in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Brightcove currently has a consensus 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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