Brightcove (BCOV) Receives Daily Media Impact Rating of 0.15

Press coverage about Brightcove (NASDAQ:BCOV) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing 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 media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 46.0373552660201 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of Brightcove (NASDAQ:BCOV) traded up $0.10 during midday trading on Tuesday, reaching $7.15. The company’s stock had a trading volume of 120,900 shares, compared to its average volume of 244,077. Brightcove has a 1-year low of $5.40 and a 1-year high of $9.30.

Brightcove (NASDAQ:BCOV) last announced its earnings results on Thursday, October 26th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.04. The business 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%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 EPS. equities research analysts forecast that Brightcove will post -0.54 earnings per share for the current fiscal year.

BCOV has been the topic of several research reports. Northland Securities restated a “hold” rating and set a $7.00 price objective on shares of Brightcove in a report on Friday, September 1st. Zacks Investment Research upgraded Brightcove from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. B. Riley restated a “hold” rating and set a $7.25 price objective on shares of Brightcove in a report on Friday, October 27th. Finally, Stifel Nicolaus raised their price objective on Brightcove from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Brightcove has a consensus rating of “Hold” and an average price target of $8.44.

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About Brightcove

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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