Brightcove (NASDAQ:BCOV) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $0.06-0.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of $184-186 million, compared to the consensus revenue estimate of $184.17 million.Brightcove also updated its FY19 guidance to $0.06 to $0.10 EPS.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Hallmark Financial Services from a buy rating to a hold rating in a research note on Thursday. Northland Securities reissued a buy rating and issued a $14.00 target price on shares of Brightcove in a research note on Thursday, May 16th. ValuEngine cut Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Wednesday, July 17th. B. Riley reissued a buy rating on shares of Brightcove in a research note on Tuesday. Finally, BidaskClub cut Zebra Technologies from a buy rating to a hold rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $13.00.
NASDAQ:BCOV traded down $0.15 on Friday, reaching $11.79. The company’s stock had a trading volume of 151,728 shares, compared to its average volume of 132,173. Brightcove has a 1-year low of $6.88 and a 1-year high of $12.82. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. The stock has a market cap of $446.13 million, a price-to-earnings ratio of -43.67 and a beta of 0.98. The stock’s 50-day moving average price is $10.58.
Brightcove (NASDAQ:BCOV) last posted its earnings results on Wednesday, July 24th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Brightcove had a negative return on equity of 12.29% and a negative net margin of 10.70%. The firm had revenue of $47.58 million during the quarter, compared to analysts’ expectations of $45.74 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts forecast that Brightcove will post -0.13 earnings per share for the current fiscal 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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