Brightcove (BCOV) Scheduled to Post Quarterly Earnings on Monday

Brightcove (NASDAQ:BCOV) is scheduled to post its quarterly earnings results 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Brightcove (NASDAQ:BCOV) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The business 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 quarter in the prior year, the company earned ($0.07) EPS.

Brightcove Price Performance

BCOV opened at $2.07 on Friday. The stock has a market cap of $92.98 million, a P/E ratio of -10.35 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 $2.15. Brightcove has a 1-year low of $1.55 and a 1-year high of $2.96.

Insider Buying and Selling at Brightcove

In related news, major shareholder Edenbrook Capital, Llc bought 30,000 shares of the stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $2.01 per share, for a total transaction of $60,300.00. Following the acquisition, the insider now owns 6,561,414 shares in the company, valued at $13,188,442.14. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have purchased 98,988 shares of company stock worth $200,689. 3.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Brightcove from a “hold” rating to a “buy” rating in a report 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.