Shares of this cloud company have recently been initiated as a ‘Buy’ at Ladenburg Thalmann. The company will report first quarter results on April 28. Current earnings per share estimates are a penny per share. The company beat EPS forecasts by three cents in its last quarter.
Brightcove, Inc. (BCOV)
From The Oberweis Report
Brightcove, Inc. (BCOV) is a leading global provider of cloud-based services for video. Its flagship product, Brightcove Video Cloud, allows customers to publish and distribute video to internet-connected devices quickly and easily. Other important products include Brightcove Marketing Suite which allows marketers to drive awareness and conversion and Brightcove Lift which allows marketers to circumvent ad blocking technology.
Demand for its solutions is being driven by the increasing complexity of delivering video across new internet-enabled products and operating systems. The company had success in its fiscal year 2015 cross selling its premium customers additional services while it is targeting more new customer growth in 2016 through investments in its sales force.
In the company’s latest reported fourth quarter, sales increased approximately 15% to $35.1 million from $30.6 million in the fourth quarter of last year. Brightcove reported earnings per share of $.05 in the latest reported fourth quarter versus a loss in the same quarter of last year.
Jim Oberweis, CFA, The Oberweis Report, www.oberweisreport.com, 800-323- 6166, April 2016