Brightcove (BCOV) Set to Announce Earnings on Wednesday

Brightcove (NASDAQ:BCOV - Get Free Report) is set to release its earnings data after the market closes on Wednesday, May 8th. Brightcove has set its FY 2024 guidance at -0.100--0.050 EPS and its Q1 2024 guidance at -0.010-0.020 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Brightcove (NASDAQ:BCOV - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The software maker reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. Brightcove had a negative net margin of 11.38% and a negative return on equity of 17.02%. The business had revenue of $50.16 million for the quarter.

Brightcove Stock Up 2.2 %

BCOV traded up $0.04 during trading on Wednesday, reaching $1.82. 167,548 shares of the company's stock were exchanged, compared to its average volume of 218,998. Brightcove has a fifty-two week low of $1.55 and a fifty-two week high of $4.56. The business has a 50 day moving average price of $1.89 and a 200 day moving average price of $2.29. The company has a market capitalization of $80.83 million, a P/E ratio of -3.30 and a beta of 0.68.

Insider Buying and Selling at Brightcove

In related news, major shareholder Edenbrook Capital, Llc acquired 30,000 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was bought at an average cost of $1.88 per share, with a total value of $56,400.00. Following the completion of the acquisition, the insider now owns 6,435,437 shares in the company, valued at $12,098,621.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders purchased 56,541 shares of company stock valued at $102,598. 4.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BCOV shares. StockNews.com upgraded shares of Brightcove from a "hold" rating to a "buy" rating in a research note on Friday, March 22nd. Rosenblatt Securities decreased their price target on shares of Brightcove from $7.50 to $5.00 and set a "buy" rating on the stock in a research note on Friday, February 23rd. Finally, Lake Street Capital reiterated a "hold" rating and set a $3.00 price target on shares of Brightcove in a research note on Friday, February 23rd.

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.