Brightcove Inc (BCOV) Releases Earnings Results, Beats Expectations By $0.01 EPS

Brightcove Inc (BCOV) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.01. The company posted revenue of $36.29 million in the period, compared to analysts expectations of $35.05 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Many Wall Street Analysts have commented on Brightcove Inc. Ladenburg Thalmann Initiated Brightcove Inc on Mar 22, 2016 to “Buy”, Price Target of the shares are set at $10.

Brightcove Inc opened for trading at $6.25 and hit $6.4184 on the upside on Wednesday, eventually ending the session at $6.39, with a gain of 2.24% or 0.14 points. The heightened volatility saw the trading volume jump to 1,28,806 shares. Company has a market cap of $209 M.

In a different news, on May 21, 2015, Jeremy Allaire (director) sold 40,000 shares at $7.18 per share price. According to the SEC, on May 14, 2015, Andrew Feinberg (CHIEF LEGAL OFFICER) sold 1,973 shares at $6.97 per share price. On May 14, 2015, David R Mendels (CHIEF EXECUTIVE OFFICER) sold 2,128 shares at $6.97 per share price, according to the Form-4 filing with the securities and exchange commission.

Brightcove Inc. (Brightcove) is a provider of cloud-based services for video. The Company’s flagship product Brightcove Video Cloud (or) Video Cloud is the online video platform which enables its customers to publish and distribute video to Internet-connected devices. Its other products and services include Brightcove Zencoder (Zencoder) Brightcove Once (Once) Brightcove Gallery (Gallery) Brightcove Perform (Perform) and Brightcove Video Marketing Suite (Video Marketing Suite). Zencoder is a cloud-based video encoding service. Once is a cloud-based ad insertion and video stitching service. Gallery is a cloud-based service that enables customers to create and publish video portals. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies. It provides its solutions to media companies broadcasters brands and corporations as well as Governments educational institutions and non-profit organizations.

Brightcove Inc

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