Brightcove (BCOV) Scheduled to Post Quarterly Earnings on Monday

Brightcove (NASDAQ:BCOV) is set to announce its earnings results after the market closes on Monday, November 4th. Brightcove has set its FY 2024 guidance at -0.080–0.050 EPS and its Q3 2024 guidance at -0.050–0.030 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Brightcove (NASDAQ:BCOV) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Brightcove had a negative net margin of 4.28% and a negative return on equity of 8.86%. The firm had revenue of $49.25 million for the quarter. During the same period in the previous year, the firm posted ($0.07) earnings per share.

Brightcove Stock Performance

Shares of BCOV opened at $2.07 on Friday. The company’s 50 day moving average price is $2.17 and its 200 day moving average price is $2.14. Brightcove has a 52 week low of $1.55 and a 52 week high of $2.96. The company has a market capitalization of $92.98 million, a PE ratio of -10.35 and a beta of 0.74.

Insider Activity at Brightcove

In related news, major shareholder Edenbrook Capital, Llc bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of $2.07 per share, for a total transaction of $41,400.00. Following the purchase, the insider now directly owns 6,651,535 shares in the company, valued at $13,768,677.45. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 98,988 shares of company stock worth $200,689 in the last ninety days. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Brightcove from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

Brightcove Company Profile

Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company’s solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.