Brightcove (NASDAQ:BCOV) Updates FY20 Earnings Guidance

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Brightcove (NASDAQ:BCOV) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.19-0.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. The company issued revenue guidance of $192.0-196.0 million, compared to the consensus revenue estimate of $202.32 million.Brightcove also updated its FY 2020
After-Hours guidance to 0.19-0.29 EPS.

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

Brightcove (NASDAQ:BCOV) last announced its quarterly earnings results on Wednesday, February 19th. The software maker reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $47.60 million during the quarter, compared to analyst estimates of $47.84 million. Brightcove had a negative net margin of 11.87% and a negative return on equity of 9.05%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Sell-side analysts expect that Brightcove will post 0.04 earnings per share for the current year.

BCOV has been the subject of several research reports. Zacks Investment Research lowered shares of Brightcove from a strong-buy rating to a hold rating in a research report on Tuesday, October 29th. Northland Securities reaffirmed a buy rating and set a $14.00 price objective on shares of Brightcove in a report on Thursday, October 24th. BidaskClub downgraded shares of Brightcove from a sell rating to a strong sell rating in a report on Thursday, February 6th. ValuEngine raised shares of Brightcove from a sell rating to a hold rating in a report on Monday, December 16th. Finally, B. Riley lowered their target price on shares of Brightcove from $13.50 to $12.00 and set a buy rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Brightcove presently has a consensus rating of Hold and a consensus target price of $12.33.

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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