Brightcove (BCOV) Expected to Announce Quarterly Earnings on Thursday

Brightcove (NASDAQ:BCOV) is expected to 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 Price Performance

BCOV opened at $4.45 on Tuesday. The firm has a 50-day simple moving average of $4.41 and a two-hundred day simple moving average of $3.27. Brightcove has a 52 week low of $1.55 and a 52 week high of $4.46. The company has a market capitalization of $202.12 million, a PE ratio of -21.19 and a beta of 1.01.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Brightcove in a research report on Thursday, February 20th. They set a “buy” rating on the stock. Rosenblatt Securities restated a “neutral” rating and set a $4.45 target price (down from $5.00) on shares of Brightcove in a research report on Monday, November 25th. Finally, Lake Street Capital cut shares of Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th.

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.