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Why Brightcove (BCOV) Could Be Positioned for a Surge?

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Brightcove Inc. (BCOV - Free Report) is an internet content producer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BCOV’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Brightcove could be a solid choice for investors.

Current Quarter Estimates for BCOV

In the past 30 days, 3 estimates have gone higher for Brightcove while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to a loss of 3 cents today, a move of 25%.

Current Year Estimates for BCOV

Meanwhile, Brightcove’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from 15 cents per share 30 days ago to a loss of 13 cents per share today, an increase of 13.3%.

BRIGHTCOVE Price and Consensus

 

BRIGHTCOVE Price and Consensus | BRIGHTCOVE Quote

Bottom Line

The stock has also started to move higher lately, adding 23.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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