Somewhat Favorable News Coverage Extremely Likely to Impact Brightcove (BCOV) Share Price
Media headlines about Brightcove (NASDAQ:BCOV) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brightcove earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 92 out of 100, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Brightcove Introduces Jump Start for Echo Show to Accelerate New Video Skills across Amazon Echo Devices (finance.yahoo.com)
- Brightcove Announces Date of Second Quarter 2017 Conference Call and Webcast (finance.yahoo.com)
A number of research analysts have recently weighed in on BCOV shares. ValuEngine lowered Brightcove from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Stifel Nicolaus dropped their target price on Brightcove from $13.00 to $10.50 and set a “buy” rating on the stock in a report on Monday, May 15th. TheStreet lowered Brightcove from a “c-” rating to a “d+” rating in a report on Tuesday, May 9th. B. Riley lowered Brightcove to a “neutral” rating and set a $5.50 target price on the stock. in a report on Wednesday, May 10th. Finally, Zacks Investment Research lowered Brightcove from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Brightcove presently has an average rating of “Hold” and an average target price of $11.25.
Shares of Brightcove (BCOV) opened at 6.50 on Monday. The company’s market capitalization is $219.59 million. Brightcove has a one year low of $5.40 and a one year high of $13.80. The company’s 50-day moving average price is $6.15 and its 200-day moving average price is $7.54.
Brightcove (NASDAQ:BCOV) last issued its earnings results on Thursday, May 4th. The software maker reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.04. Brightcove had a negative net margin of 8.88% and a negative return on equity of 12.25%. The business had revenue of $37.60 million for the quarter, compared to analysts’ expectations of $37.38 million. During the same quarter in the prior year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Brightcove will post ($0.26) earnings per share for the current year.
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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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