Brightcove (BCOV) Set to Announce Quarterly Earnings on Monday

Brightcove (NASDAQ:BCOV - Get Free Report) will be releasing its 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.Investors that wish to register for the company's conference call can do so using this link.

Brightcove (NASDAQ:BCOV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The firm had revenue of $49.25 million for 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 business posted ($0.07) earnings per share.

Brightcove Stock Down 0.4 %

Shares of BCOV stock traded down $0.01 during trading hours on Monday, hitting $2.25. 61,605 shares of the company's stock traded hands, compared to its average volume of 230,541. Brightcove has a 12 month low of $1.55 and a 12 month high of $3.10. The stock has a market cap of $100.31 million, a PE ratio of -10.23 and a beta of 0.74. The stock's 50 day simple moving average is $2.17 and its 200 day simple moving average is $2.14.

Insider Activity

In other news, major shareholder Edenbrook Capital, Llc bought 20,000 shares of the business's stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $1.98 per share, for a total transaction of $39,600.00. Following the acquisition, the insider now directly owns 6,581,414 shares in the company, valued at approximately $13,031,199.72. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have purchased 98,988 shares of company stock worth $200,689. Company insiders own 3.70% of the company's stock.

Analysts Set New Price Targets

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

About Brightcove

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.