Brightcove (BCOV) Expected to Announce Quarterly Earnings on Thursday

Brightcove (NASDAQ:BCOV) is projected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Brightcove to post earnings of ($0.02) per share and revenue of $48.50 million for the quarter.

Brightcove Price Performance

Brightcove stock opened at $4.45 on Tuesday. Brightcove has a 1-year low of $1.55 and a 1-year high of $4.46. The firm has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. The company’s 50-day moving average is $4.41 and its 200 day moving average is $3.27.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Brightcove in a research report on Thursday, February 20th. They issued a “buy” rating on the stock. Rosenblatt Securities reaffirmed 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 lowered 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.