Somewhat Favorable News Coverage Somewhat Unlikely to Affect Brightcove (BCOV) Share Price
Media stories about Brightcove (NASDAQ:BCOV) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brightcove earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 45.9596023255373 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Fondren Management LP Buys SPDR S&P 500, Donnelley Financial Solutions Inc, Cincinnati Bell … (nasdaq.com)
- Brightcove Hires Veteran Media Executive to Head Its European Sales Operations (finance.yahoo.com)
- Brightcove Introduces New OTT Flow Customers and Features at IBC (finance.yahoo.com)
- 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)
Shares of Brightcove (NASDAQ:BCOV) opened at 7.00 on Tuesday. The stock’s market capitalization is $240.42 million. Brightcove has a 12 month low of $5.40 and a 12 month high of $13.80. The stock’s 50 day moving average price is $6.90 and its 200 day moving average price is $7.12.
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 analysts’ consensus estimates of ($0.14) by ($0.02). The business had revenue of $38.75 million for the quarter, compared to the consensus estimate of $37.13 million. Brightcove had a negative net margin of 12.22% and a negative return on equity of 19.65%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. Analysts expect that Brightcove will post ($0.37) EPS for the current year.
BCOV has been the subject of a number of analyst reports. B. Riley reissued a “neutral” rating and issued a $5.50 price target on shares of Brightcove in a research report on Tuesday, August 1st. Northland Securities reissued a “hold” rating and issued a $7.00 price target on shares of Brightcove in a research report on Friday, September 1st. ValuEngine lowered Brightcove from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered Brightcove from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $7.67.
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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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