#3 - Brightcove (NASDAQ:BCOV)
The cloud remains another red-hot sector for investors. Brightcove (NASDAQ:BCOV) is a great example of the money that’s being invested in cloud stocks. In January, 2020 BCOV stock was trading for under $10. At the time of this writing, it’s trading around $18 and has the momentum that should push it above that mark shortly.
Brightcove is engaged in cloud delivery of video. When you consider the staggering amount of video content being produced these days, you can understand that there is a desire for companies to monetize video. And that’s where Brightcove comes in. In fact, the company already has a very respectable client list that includes Adobe (NASDAQ:ADBE) and Ford (NYSE:F).
Brightcove has a two-tier pricing system: non-premium and premium. Obviously the goal is to get more of its customers on the premium track. Information in the company’s most recent earnings report suggests it is doing just that. Annualized subscription revenue per premium customer was $89,000 in the prior quarter. That was up from the $84,500 the company recorded in the prior year’s quarter.
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.
Read More - Current Price
- $2.32
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $4.00 (72.4% Upside)
