Brightcove (BCOV) is down 20% on slightly weak Q2 guidance. Q1 was a great quarter for the company. Total revenue growth was above guidance at 18% and subscription revenue growth was 14%. EBITDA was at $8.6 million, an all-time record for a
Brightcove: Buy The Dip - 170% Potential Upside
Summary
- Brightcove is being overly punished for slightly weak Q2 guidance.
- Q1 was great and annual guidance hasn't changed.
- New management is doing the right things and these will lead to a good outcome.
25 year veteran of the small-cap technology hedge fund sector. Focused on smaller technology companies with new products and / or new management teams to drive accelerating revenue and operating profit growth. Just opinions here, no investment advice.
Analyst’s Disclosure:I am/we are long BCOV. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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