Brightcove (BCOV) Earning Somewhat Favorable Media Coverage, Study Finds

Media headlines about Brightcove (NASDAQ:BCOV) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brightcove earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 45.9953954664715 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several brokerages have issued reports on BCOV. Northland Securities upgraded Brightcove from a “market perform” rating to an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded Brightcove from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Stifel Nicolaus lifted their price objective on Brightcove from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, B. Riley restated a “hold” rating and set a $7.25 target price on shares of Brightcove in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $8.44.

Shares of Brightcove (NASDAQ:BCOV) opened at $6.95 on Tuesday. The firm has a market capitalization of $241.56, a price-to-earnings ratio of -10.53 and a beta of 1.87. Brightcove has a 52-week low of $5.40 and a 52-week high of $9.30.

Brightcove (NASDAQ:BCOV) last released its quarterly earnings data on Thursday, October 26th. The software maker reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04. The business had revenue of $39.50 million during the quarter, compared to the consensus estimate of $37.99 million. Brightcove had a negative return on equity of 25.11% and a negative net margin of 14.58%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 earnings per share. equities analysts forecast that Brightcove will post -0.54 earnings per share for the current fiscal year.

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Brightcove Company Profile

Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.

Insider Buying and Selling by Quarter for Brightcove (NASDAQ:BCOV)

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