Equities research analysts expect Brightcove Inc (NASDAQ:BCOV) to report ($0.06) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Brightcove’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.07). Brightcove posted earnings of ($0.08) per share during the same quarter last year, which would indicate a positive year over year growth rate of 25%. The firm is scheduled to issue its next earnings results on Thursday, May 3rd.
On average, analysts expect that Brightcove will report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.06) to $0.02. For the next financial year, analysts anticipate that the business will report earnings of $0.10 per share, with EPS estimates ranging from ($0.04) to $0.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Brightcove.
Brightcove (NASDAQ:BCOV) last released its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.07. Brightcove had a negative return on equity of 23.20% and a negative net margin of 12.52%. The company had revenue of $40.10 million during the quarter, compared to analysts’ expectations of $39.52 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year.
Brightcove (NASDAQ:BCOV) opened at $7.20 on Friday. Brightcove has a 52 week low of $5.40 and a 52 week high of $9.30. The stock has a market capitalization of $251.10, a price-to-earnings ratio of -12.63 and a beta of 1.77.
Several institutional investors have recently made changes to their positions in BCOV. Litespeed Management L.L.C. acquired a new stake in shares of Brightcove in the third quarter valued at $8,570,000. Millennium Management LLC lifted its holdings in shares of Brightcove by 100.9% in the fourth quarter. Millennium Management LLC now owns 585,845 shares of the software maker’s stock valued at $4,159,000 after buying an additional 294,302 shares during the period. Discovery Group I LLC acquired a new stake in shares of Brightcove in the third quarter valued at $1,763,000. Emancipation Management LLC acquired a new stake in shares of Brightcove in the third quarter valued at $1,071,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Brightcove by 7.8% in the second quarter. Vanguard Group Inc. now owns 2,004,632 shares of the software maker’s stock valued at $12,428,000 after buying an additional 145,395 shares during the period. Institutional investors and hedge funds own 63.38% of the company’s stock.
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Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.
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