Brightcove (BCOV) - NASDAQ
  • Fri, Feb. 12, 12:29 PM
    • Having gone into earnings $0.21 above a 52-week low of $4.70, Brightcove (BCOV +16.3%) has surged after beating Q4 estimates and guiding for 2016 revenue of $145M-$147M, above a $143.9M consensus and reported 2015 revenue of $134.7M.
    • 2016 EPS guidance is at $0.02-$0.07 vs. a $0.06 consensus. Q1 guidance is for revenue of $34.7M-$35.2M and EPS of -$0.01 to $0.01 vs. a consensus of $35.3M and $0.00.
    • Continuing recent trends, total customers for Brightcove's online video platform fell by 115 Q/Q to 5,047, while premium customers rose by 11 to 1,863. Average revenue per premium customer rose by $2K Q/Q and $9K Y/Y to $69K. New media customers included CBS Shows and Readers Digest; new digital marketing (ad) customers included AMC, Cars.com, Ford, and Starwood.
    • GAAP operating expenses fell by $100K Y/Y to $23.5M. Brightcove ended 2015 with $27.6M in cash and no debt.
    • Brightcove's Q4 results, earnings release
    | Fri, Feb. 12, 12:29 PM
  • Oct. 30, 2015, 2:47 PM
    • Brightcove (NASDAQ:BCOV) is back above $6 after beating Q3 estimates and guiding for Q4 revenue of $33.8M-$34.3M and EPS of $0.01-$0.02 vs. a consensus of $34.1M and $0.00. Given low expectations and prior disappointments, that outlook is going over well.
    • Customers for Brightcove's online video hosting/monetization platform fell by 242 Q/Q to 5,162. However, premium customers rose by 5 to 1,852, and average revenue per premium customer rose by $3K Q/Q and $6K Y/Y to $67K.
    • Lifting EPS: GAAP operating expenses fell by $400K Y/Y to $23.M. Free cash flow was $3.1M, up from $1.5M a year ago and better than net income of $1.1M.
    • Q3 results, PR
    | Oct. 30, 2015, 2:47 PM
  • Oct. 29, 2015, 4:20 PM
    • Brightcove (NASDAQ:BCOV): Q3 EPS of $0.03 beats by $0.05.
    • Revenue of $33.83M (+7.3% Y/Y) beats by $0.75M.
    • Shares +1.86%.
    | Oct. 29, 2015, 4:20 PM
  • Oct. 5, 2015, 3:14 PM
    • The Nasdaq is up 1.5% as equity markets display a renewed appetite for risk, and a large number of tech companies are posting 5%+ gains.
    • Major gainers include 3D printer makers 3D Systems (DDD +6.8%), Stratasys (SSYS +7.3%), and ExOne (XONE +10.4%), solar microinverter maker Enphase (ENPH +10.7%) and rival SolarEdge (SEDG +6.1%), car-buying site TrueCar (TRUE +10%), defense IT firm Kratos (KTOS +9.5%), online ad software firm Marin Software (MRIN +8.3%), and CDN owner Limelight (LLNW +8.9%).
    • Others: IP licensing firm Acacia (ACTG +7.2%), application delivery controller/security hardware vendor A10 Networks (ATEN +8.3%), travel deal site Travelzoo (TZOO +7.5%), home automation tech provider Control4 (CTRL +8.5%), M2M/telematics hardware and services firm CalAmp (CAMP +6.1%), online video hosting platform Brightcove (BCOV +6%).
    • 3D printing stocks, hit hard in 2014 and 2015, are reversing the big losses seen last Tuesday. Travelzoo's gains follow last Thursday's CEO change announcement. CalAmp is now up 24% since beating FQ2 estimates and providing in-line FQ3 guidance on Oct. 1.
    • Previously covered: Twitter, Cisco, Rackspace, Micron, SunEdison, Vivint, Juniper, CEVA, Knowles, Yandex/Qiwi
    | Oct. 5, 2015, 3:14 PM | 6 Comments
  • Jul. 31, 2015, 5:10 PM
    • In addition to slightly missing Q2 revenue estimates (while posting in-line EPS), Brightcove (NASDAQ:BCOV) has guided for Q3 revenue of $32.9M-$33.4M (below a $33.8M consensus) and full-year revenue of $132.5M-$133.5M (below a $134.7M consensus).
    • The online video hosting/monetization service provider blamed its Q2 sales weakness on "the timing of certain customer renewals." It also reported seeing "some softness in our European markets," while adding North America and Japan were healthier.
    • Notably, Brightcove's total and premium customer counts respectively fell by 174 and and 17 Q/Q in Q2 to 5,404 and 1,847. The company's recurring dollar retention rate was 88%, below a low-to-mid 90s target range. On the bright side, average revenue per premium customer rose by $1K Q/Q and $4K Y/Y to $64K.
    • Shares made a new 52-week low of $4.81 before rebounding a bit to close at $5.47.
    • Q2 results, PR
    | Jul. 31, 2015, 5:10 PM
  • Jun. 29, 2015, 3:38 PM
    • A long list of tech companies are posting big declines as the Nasdaq drops 2.2% amid a market rout triggered by expectations of a pending Greek default.
    • 6%+ decliners include program guide/content protection IP firm Rovi (ROVI -9.5%), ultracapacitor maker Maxwell (MXWL -8.2%), wireless charging tech developer Energous (WATT -9%), cybersecurity hardware/software provider KEYW Holding (KEYW -8.5%), LED sapphire wafer maker Rubicon (RBCN -10.8%), IP licensing firm WiLAN (WILN -7.1%), security software provider Wave Systems (WAVX -11.6%), online video hosting platform Brightcove (BCOV -7%).
    • In a repeat of Friday's trading, many Chinese tech names are also off sharply. The group includes mobile app developer Cheetah Mobile (CMCM -9.7%), e-commerce services firm Baozun (BZUN -8%), online travel agency eLong (LONG -15.3%), and online retailer LightInTheBox (LITB -7.8%).
    • See also: LinkedIn, Yandex/Qiwi, solar stocks, Xoom, AppliedMicro
    | Jun. 29, 2015, 3:38 PM | 2 Comments
  • May 5, 2015, 3:29 PM
    • With the Nasdaq down 1.4%, major tech decliners are easily outnumbering major gainers.
    • Notable decliners include carrier/enterprise Wi-Fi hardware vendor Ruckus (RKUS -5.6%), IP licensing firm Acacia (ACTG -4.9%), VoIP/unified communications software vendor BroadSoft (BSFT -8.4%), LED/chip equipment maker Veeco (VECO -4.6%), language software vendor Rosetta Stone (RST -8.5%) mortgage origination software vendor Ellie Mae (ELLI -5.6%), and online video hosting platform Brightcove (BCOV -8.4%).
    • Veeco has been hit by a downgrade to Outperform from Buy by CLSA; its Q1 report arrives tomorrow. Ruckus and Brightcove are adding to last week's post-earnings losses (I, II), while Acacia and Ellie Mae are giving back some of their recent post-earnings gains (I, II). BroadSoft soared yesterday after beating Q1 estimates and slightly hiking its 2015 EPS guidance.
    • Previously covered: Chinese Internet stocks, cybersecurity stocks, LendingClub, Allot, Kulicke & Soffa, InterCloud, MicroVision
    • Notable gainers: Salesforce, RetailMeNot, ChannelAdvisor, A10 Networks, IDT
    | May 5, 2015, 3:29 PM
  • May 1, 2015, 6:30 PM
    • Though Brightcove (NASDAQ:BCOV) beat Q1 estimates, its customer count fell by 192 Q/Q to 5,578. Premium customers rose by 1 to 1,864, with average revenue per premium customer rising by $3K Q/Q and Y/Y to $63K. Premium customer count rose by 16 in Q4.
    • CFO Kevin Rhodes on the CC (transcript): "Adding new customers is a priority for the company, but our primary goal is to drive faster revenue growth, which in any given quarter maybe skewed towards new customer addition or up-sells into our installed base."
    • Also: While Q2 revenue guidance of $33M-$33.5M is above a $32.8M consensus, full-year guidance of $132.5M-$134.5M is only in-line with a $133.9M consensus. Q2 EPS guidance of -$0.03 to -$0.05 and full-year EPS guidance of -$0.05 to -$0.12 is favorable to consensus estimates of -$0.05 and -$0.11.
    • Q1 results, PR
    | May 1, 2015, 6:30 PM
  • Apr. 29, 2015, 11:48 AM
    • B. Riley has upgraded Brightcove (NASDAQ:BCOV) to Buy ahead of tomorrow afternoon's Q1 report. Shares have soared back above $7 in response.
    • The online video hosting/monetization platform jumped in February in response to a Q4 beat and improved recurring dollar retention rate, but gradually gave back its gains.
    | Apr. 29, 2015, 11:48 AM
  • Feb. 6, 2015, 11:32 AM
    • Brightcove (NASDAQ:BCOV) ended Q4 with 5,770 customers, down from 5,899 at the end of Q3. However, its recurring dollar retention rate came in at 101%, up from Q3's 86% and above a low-to-mid 90s guidance. On the CC (transcript), Brightcove attributed the improvement to "strong upsell activity in the quarter, particularly in the media segment."
    • Also: While the online video hosting provider's total customers declined, premium customers rose by 16 to 1,863. Average annual subscription revenue per premium customer was $60K, down from $61K in Q3 but up from $56K a year earlier.
    • Guidance isn't spectacular, but with expectations fairly low going in, it didn't need to be: Q1 revenue of $31.8M-$32.3M and EPS of -$0.04 to -$0.05 vs. a consensus of $31.9M and -$0.05, and full-year revenue of $131.5M-$134.5M and EPS of -$0.07 to -$0.14 vs. a consensus of $134.4M and -$0.12.
    • GAAP operating expenses rose 13% to $23.6M. The deferred revenue balance rose 25% Y/Y to $29.6M. Deferred revenue growth allowed Brightcove's cash balance to rise by $1.2M Q/Q to $22.9M, in spite of negative EPS.
    • Q4 results, PR
    | Feb. 6, 2015, 11:32 AM | 1 Comment
  • Nov. 10, 2014, 5:00 PM
    • Kevin Rhodes, formerly the CFO of IT services firm PlumChoice, is Brightcove's (NASDAQ:BCOV) new CFO.
    • Brightcove's last permanent CFO, Chris Menard, left in August. Accounting chief Chris Stagno has been serving as interim CFO since, and will now go back to his prior job.
    | Nov. 10, 2014, 5:00 PM
  • Oct. 30, 2014, 6:17 PM
    • Brightcove (NASDAQ:BCOV) expects Q4 revenue of $30.3M-$30.8M and EPS of -$0.08 to -$0.09 vs. a consensus of $30.5M and -$0.10.
    • The Web video hosting platform's subscription/support revenue rose 15% Y/Y in Q3 to $30.5M. Professional services/other revenue fell 45% to $1.1M.
    • Shares had gone into earnings near a 52-week low of $5.06.
    • Q3 results, PR
    | Oct. 30, 2014, 6:17 PM
  • Jul. 25, 2014, 12:45 PM
    | Jul. 25, 2014, 12:45 PM | 2 Comments
  • Jul. 25, 2014, 9:13 AM
    | Jul. 25, 2014, 9:13 AM
  • Jul. 24, 2014, 7:04 PM
    • Though Brightcove (NASDAQ:BCOV) beat Q2 estimates, it's guiding for Q3 revenue of $30M-$30.5M and EPS of -$0.08 to -$0.09, below a consensus of $32.4M and -$0.07.
    • Full-year guidance is also light: Revenue of $122M-$123.5M and EPS of -$0.24 to -$0.28 vs. a consensus of $128.9M and -$0.22.
    • The video encoding/hosting platform says it "experienced slower than expected progress on large deal opportunities and certain customer implementations" in Q2. In addition, a "large customer with an uncommon use case" is expected to churn in Q3.
    • Q2 results, PR
    | Jul. 24, 2014, 7:04 PM | 1 Comment
  • Apr. 30, 2014, 5:32 PM
    • WebMD (WBMD) expects Q2 revenue of $137M-$140M vs. a $139.7M consensus. Net income is expected to be in a range of $7.5M-$8.5M, up from Q1's $6.3M. Full-year guidance (hiked on April 14) is reiterated, and WebMD's buyback authorization has been raised by $30M to $44M. Shares +1.6% AH. (Q1 results, PR)
    • Brightcove (BCOV) expects Q2 revenue of $29.7M-$30.2M and EPS of -$0.11 to $0.12, below a consensus of $31.1M and -$0.10. Full-year guidance is healthier: Revenue of $126M-$130M and EPS of -$0.19 to -$0.25 vs. a consensus of $128.5M and -$0.35. Shares +7.2% AH. (Q1 results, PR)
    • LifeLock (LOCK) expects Q2 revenue of $113M-$114M and EPS of $0.03-$0.04 vs. a consensus of $112.6M and $0.06. Full-year guidance is for revenue of $460M-$468M and EPS of $0.44-$0.48 vs. a consensus of $463.5M and $0.45. Shares -3.8% AH. (Q1 results, PR)
    | Apr. 30, 2014, 5:32 PM
Company Description
Brightcove Inc. provides cloud services for video which enable customers to publish and distribute video to Internet-connected devices. It offers a family of products that revolutionize the way organizations deliver video experiences. The company also provides online video platform for... More
Sector: Technology
Industry: Application Software
Country: United States