Seeking Alpha

Brightcove (BCOV)

  • Tue, May 5, 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
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  • Fri, May 1, 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
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  • Wed, Apr. 29, 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.
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  • Fri, Feb. 6, 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
    | 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.
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  • 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
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  • Jul. 25, 2014, 12:45 PM
  • Jul. 25, 2014, 9:13 AM
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  • 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
    | 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)
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  • Apr. 30, 2014, 4:15 PM
    • Brightcove (BCOV): Q1 EPS of -$0.02 beats by $0.08.
    • Revenue of $31.1M (+25.8% Y/Y) beats by $2.04M.
    • Shares +4.2%.
    • Press Release
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  • Mar. 19, 2014, 5:37 PM
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  • Jan. 6, 2014, 12:45 PM
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  • Jul. 26, 2013, 12:45 PM
    Midday top 10 gainers: GENT +52%. USU +41%. INPH +40%. PBIB +31%. MKTY.PK +29%. ETRM +21%. CREG +18%. ZHNE +17%. BCOV +17%. URRE +15%.
    Midday top 10 Losers: HTCH -30%. EXPE -25%. SWI -22%. HXM -20%. IPCI -20%. COBR -19%. TSYS -18%. GAI -17%. AIMC -17%. ZNGA -16%.
    | 1 Comment
  • Jun. 11, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: RMBS +8%. ULTA +8%. LND +5%. BNNY +5%. Z +3%.
    After-hours top losers: IEP -5%. FSLR -4%. BCOV -3%. GOL -3%. NCT -3%.
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  • May 1, 2013, 12:50 PM
    Midday top 10 gainers: IQNT +60%. BCOV +31%. CNIT +28%. MNOV +21%. MSPD +19%. SONS +15%. TRLA +15%. RATE +15%. REGN +14%. SGI +14%.
    Midday top 10 losers: ACCL -21%. RBC -20%. ESBF -17%. LEDS -16%. KFRC -15%. AGN -14%. CRAY -13%. ASTX -13%. XXIA -13%. UTI -12%.
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Company Description
Brightcove Inc is a provider of cloud services for video, offers a family of products that revolutionize the way organizations deliver video experiences. The Company's products include Video Cloud, Zencoder & HTML5 video player.
Sector: Technology
Country: United States