$0.02 EPS Expected for Brightcove Inc (NASDAQ:BCOV) This Quarter

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Wall Street brokerages forecast that Brightcove Inc (NASDAQ:BCOV) will report earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Brightcove’s earnings. Brightcove reported earnings of ($0.01) per share during the same quarter last year, which would suggest a positive year over year growth rate of 300%. The firm is scheduled to issue its next earnings report on Wednesday, April 22nd.

According to Zacks, analysts expect that Brightcove will report full year earnings of $0.22 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Brightcove.

Brightcove (NASDAQ:BCOV) last posted its quarterly earnings results on Wednesday, February 19th. The software maker reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $47.60 million for the quarter, compared to the consensus estimate of $47.84 million. Brightcove had a negative return on equity of 9.05% and a negative net margin of 11.87%. Brightcove’s revenue for the quarter was up 16.5% on a year-over-year basis.

A number of research firms have commented on BCOV. Zacks Investment Research downgraded Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 29th. ValuEngine raised Brightcove from a “sell” rating to a “hold” rating in a report on Monday, December 16th. B. Riley cut their price target on Brightcove from $13.50 to $12.00 and set a “buy” rating for the company in a report on Thursday. BidaskClub cut Brightcove from a “sell” rating to a “strong sell” rating in a report on Thursday, February 6th. Finally, Northland Securities reissued a “buy” rating and issued a $14.00 price target on shares of Brightcove in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Brightcove currently has a consensus rating of “Hold” and a consensus price target of $12.33.

BCOV traded up $0.02 during trading on Friday, reaching $8.56. 176,500 shares of the stock were exchanged, compared to its average volume of 146,366. The business’s 50 day moving average price is $8.85 and its two-hundred day moving average price is $9.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $356.97 million, a price-to-earnings ratio of -14.76, a P/E/G ratio of 16.73 and a beta of 0.74. Brightcove has a 1 year low of $8.02 and a 1 year high of $12.88.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCOV. Millennium Management LLC raised its holdings in shares of Brightcove by 2,773.7% in the third quarter. Millennium Management LLC now owns 397,350 shares of the software maker’s stock worth $4,164,000 after acquiring an additional 383,523 shares during the last quarter. Archon Capital Management LLC raised its holdings in shares of Brightcove by 14.0% in the fourth quarter. Archon Capital Management LLC now owns 2,587,039 shares of the software maker’s stock worth $22,481,000 after acquiring an additional 317,815 shares during the last quarter. Marshall Wace LLP increased its stake in Brightcove by 2,208.6% in the fourth quarter. Marshall Wace LLP now owns 171,045 shares of the software maker’s stock valued at $1,486,000 after purchasing an additional 163,636 shares during the last quarter. Mcclain Value Management LLC increased its stake in Brightcove by 36.2% in the third quarter. Mcclain Value Management LLC now owns 587,897 shares of the software maker’s stock valued at $6,161,000 after purchasing an additional 156,159 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Brightcove by 6.4% in the second quarter. Vanguard Group Inc. now owns 1,913,253 shares of the software maker’s stock valued at $19,764,000 after purchasing an additional 114,262 shares during the last quarter. 77.70% of the stock is owned by institutional investors.

About Brightcove

Brightcove Inc provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also provides Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and account and integration; SSAI, a cloud-based ad insertion and video stitching service; and Player, a cloud-based service for creating and managing video player experiences.

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