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Brightcove (BCOV) in Focus: Stock Tumbles 8%
February 04, 2014

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Brightcove, Inc. (BCOV - Free Report) saw a big move last session, as the company’s shares fell a little over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BCOV, as the stock is now down more than 32% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company has seen two negative revisions in the past few weeks and its current year loss estimate has widened over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

BCOV currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the technology sector include Shutterfly, Inc. (SFLY - Free Report) , YY Inc. (YY - Free Report) and Zillow, Inc. . All these stocks carry a Zacks Rank # 1 (Strong Buy).

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