Brightcove Hits 52-Week High, Customer Wins Key Catalyst
Zacks Investment Research | Sep 01, 2016 10:23PM ET
Share price of Brightcove Inc. (NASDAQ:BCOV) rallied to a new 52-week high of $13.06, eventually closing a tad bit lower at $13.02 on Sep 1. This represents a massive one year return of approximately 149%, better than the S&P 500’s 11.3% over the same period.
Currently, Brightcove holds a Zacks Rank #3 (Hold). Notably, the stock has a market cap of $426.3 million.
Key Factors
Brightcove is a provider of cloud content services for the publishing and the distributing of professional digital media. The ever changing consumer viewing habit and a few new business models are driving disruption in the market. This presents significant growth opportunity for the company, in our view.
Brightcove has been a consistent performer in recent times courtesy of its strategic investments in developing innovative products. Moreover, expanding sales force has been a key growth driver. Notably, Brightcove has outperformed the Zacks Consensus Estimate by an average of 61% in the last four trailing quarters.
BRIGHTCOVE Price and Consensus
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