Brightcove (BCOV) Scheduled to Post Quarterly Earnings on Monday

Brightcove (NASDAQ:BCOV) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 4th. Brightcove has set its FY 2024 guidance at -0.080–0.050 EPS and its Q3 2024 guidance at -0.050–0.030 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Brightcove (NASDAQ:BCOV) last posted its earnings results on Wednesday, August 7th. The software maker reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The business had revenue of $49.25 million during the quarter. Brightcove had a negative return on equity of 8.86% and a negative net margin of 4.28%. During the same period in the previous year, the firm posted ($0.07) earnings per share.

Brightcove Stock Down 4.2 %

BCOV opened at $2.07 on Friday. The business has a 50 day moving average price of $2.17 and a two-hundred day moving average price of $2.15. The company has a market cap of $92.98 million, a PE ratio of -10.35 and a beta of 0.74. Brightcove has a 52 week low of $1.55 and a 52 week high of $2.96.

Insider Buying and Selling at Brightcove

In other Brightcove news, major shareholder Edenbrook Capital, Llc bought 30,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $2.01 per share, for a total transaction of $60,300.00. Following the transaction, the insider now owns 6,561,414 shares of the company’s stock, valued at approximately $13,188,442.14. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased a total of 98,988 shares of company stock valued at $200,689 in the last ninety days. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Brightcove from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

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.