Brightcove (BCOV) Set to Announce Earnings on Wednesday

Brightcove (NASDAQ:BCOV) is scheduled to release its earnings data after the market closes on Wednesday, July 24th. Analysts expect Brightcove to post earnings of ($0.10) per share for the quarter.

Brightcove (NASDAQ:BCOV) last released its earnings results on Wednesday, April 24th. The software maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.80 million during the quarter, compared to the consensus estimate of $40.22 million. Brightcove had a negative return on equity of 13.98% and a negative net margin of 10.13%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) earnings per share.

Shares of NASDAQ BCOV opened at $11.42 on Tuesday. The firm’s fifty day moving average price is $10.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. The company has a market cap of $430.62 million, a price-to-earnings ratio of -42.30 and a beta of 0.98. Brightcove has a 1 year low of $6.88 and a 1 year high of $11.79.

A number of equities analysts have issued reports on BCOV shares. BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 16th. Northland Securities reissued a “buy” rating and set a $14.00 price objective on shares of Brightcove in a research note on Thursday, May 16th. ValuEngine lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $12.33.

Brightcove Company Profile

Brightcove Inc provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also provides Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and account and integration; SSAI, a cloud-based ad insertion and video stitching service; and Player, a cloud-based service for creating and managing video player experiences.

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Earnings History for Brightcove (NASDAQ:BCOV)

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