Market Overview

Recap: Brightcove Q3 Earnings

Share:

Shares of Brightcove (NASDAQ:BCOV) rose 18.78% after the company reported Q3 results.

Quarterly Results

Earnings per share increased 83.33% over the past year to $0.11, which beat the estimate of ($0.02).

Revenue of $49,084,000 rose by 3.48% year over year, which beat the estimate of $46,300,000.

Looking Ahead

 

Brightcove Sees Q4 Sales Of $49.5M-$50.5M Vs $45.97M Estimates; FY20 Sales Of $193.2M-$194.2M Vs $186.86M Estimates

How To Listen To The Conference Call

Date: Oct 21, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/uroumtya

Price Action

Company's 52-week high was at $13.36

Company's 52-week low was at $5.44

Price action over last quarter: Up 6.66%

Company Profile

Brightcove Inc is a provider of cloud-based services for the video ecosystem. The firm targets its solutions at media companies, broadcasters, publishers, and corporations. Brightcove Video Cloud is the firm's flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a significant portion of the firm's revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia.

 

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Posted-In: Earnings