The stock of Brightcove Inc. (BCOV, Financial) experienced a significant decline of 5.01%. The current trading price is $2.11 per share with a trading volume of 14,434 shares, a turnover rate of 0.03%, and a volatility of 4.28%.
Recent financial reports indicate that Brightcove reported a revenue of $49.25 million, a net loss of $5.25 million, and earnings per share of -$0.12. The gross profit was recorded at $28.94 million, and the price-to-earnings ratio stands at -11.16. As of now, there are no institutional ratings available for BCOV.
Within the software services sector, the overall increase was 0.45%. Among its peers, Brand Engagement Network Inc C/Wts 14/03/2029 (To Pur Com), Jet.AI, and Phunware, Inc. registered substantial gains. Meanwhile, Cemtrex Inc., Jet.AI, and Versus Systems Inc. displayed considerable activity with turnover rates of 2168.30%, 318.88%, and 73.25%, respectively. Other stocks showing high volatility were Surgepays Inc C/Wts 22/10/2024 (To Pur Com) and Triller Group Inc C/Wts 14/11/2027 C/Wts 15/03/2027 (To Pur Com), with amplitudes of 84.00%, 41.38%, and 32.10%.
Brightcove Inc. is a cloud-based streaming technology and services provider. They offer solutions to media companies, broadcasters, digital publishers, sports and entertainment firms, fashion and hospitality brands, faith organizations, retail and e-commerce businesses, technology organizations, and various institutions, including government and educational bodies. Their flagship product, Video Cloud, allows customers to publish and distribute videos to internet-connected devices. Video Cloud, offered as a subscription-based SaaS model, contributes significantly to the company’s revenue. They also offer Zencoder, a cloud-based video encoding service, with substantial revenue from North America and Asia.
