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.
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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