Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Brightcove (BCOV) Share Price
News headlines about Brightcove (NASDAQ:BCOV) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brightcove earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.308388137673 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Demand Africa Launches October 1 Streaming Premium African Content To The World (finance.yahoo.com)
- Demand Africa, New Streaming Service Launching on October 1, to Use Brightcove OTT Flow (finance.yahoo.com)
- Brightcove Inc. (BCOV) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Fitness Guru Launches Video On Demand Service Using Brightcove Video Platform (finance.yahoo.com)
- Brightcove Details the Path to Success for Leveraging Video Across the Enterprise (finance.yahoo.com)
BCOV has been the topic of several research reports. Northland Securities set a $7.00 target price on Brightcove and gave the company a “hold” rating in a research note on Friday, July 21st. ValuEngine cut Brightcove from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research cut Brightcove from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, B. Riley restated a “neutral” rating and issued a $5.50 target price on shares of Brightcove in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Brightcove currently has an average rating of “Hold” and an average target price of $7.67.
Brightcove (NASDAQ:BCOV) opened at 6.85 on Wednesday. The firm’s 50 day moving average price is $6.87 and its 200 day moving average price is $7.17. The firm’s market cap is $235.26 million. Brightcove has a 52-week low of $5.40 and a 52-week high of $13.80.
Brightcove (NASDAQ:BCOV) last announced its quarterly earnings results on Wednesday, July 26th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.02). The firm had revenue of $38.75 million during the quarter, compared to the consensus estimate of $37.13 million. Brightcove had a negative return on equity of 19.65% and a negative net margin of 12.22%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.01) EPS. Equities research analysts anticipate that Brightcove will post ($0.37) EPS for the current fiscal 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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