Revenue Update on Brightcove Inc(NASDAQ:BCOV)

Brightcove Inc(NASDAQ:BCOV) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $36.96M. Analysts estimated a revenue of $36.07M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.01.

Brightcove Inc (BCOV) made into the market gainers list on Thursdays trading session with the shares advancing 2.09% or 0.23 points. Due to strong positive momentum, the stock ended at $11.22, which is also near the day’s high of $11.24. The stock began the session at $10.99 and the volume stood at 4,59,040 shares. The 52-week high of the shares is $11.56 and the 52 week low is $4.7. The company has a current market capitalization of $371 M and it has 3,30,68,860 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 21, 2015, Jeremy Allaire (director) sold 40,000 shares at $7.18 per share price.Also, 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.

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