Brightcove (BCOV) to Release Quarterly Earnings on Thursday

Brightcove (NASDAQ:BCOV) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $48.50 million for the quarter.

Brightcove Stock Performance

Shares of BCOV opened at $4.45 on Thursday. The stock’s 50-day simple moving average is $4.40 and its 200 day simple moving average is $3.21. The stock has a market capitalization of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.46.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com assumed coverage on Brightcove in a report on Wednesday, February 12th. They set a “buy” rating on the stock. Rosenblatt Securities reissued a “neutral” rating and set a $4.45 price objective (down previously from $5.00) on shares of Brightcove in a report on Monday, November 25th. Finally, Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th.

About Brightcove

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.