Brightcove
Market Cap
US$375.5m
Last Updated
2019/10/23 00:22 UTC
Data Sources
Company Financials +
Executive Summary
Brightcove Inc. provides cloud-based services for video.
Snowflake
Fundamentals
Excellent balance sheet with concerning outlook.
Similar Companies
Share Price & News
How has Brightcove's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-5.1%
BCOV
-4.6%
US IT
0.07%
US Market
1 Year Return
26.3%
BCOV
19.0%
US IT
8.9%
US Market
Return vs Industry: BCOV exceeded the US IT industry which returned 19% over the past year.
Return vs Market: BCOV exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| BCOV | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.1% | -4.6% | 0.07% |
| 30 Day | -5.9% | -3.7% | -0.3% |
| 90 Day | -17.8% | -7.8% | -1.6% |
| 1 Year | 26.3%26.3% | 20.2%19.0% | 11.3%8.9% |
| 3 Year | -17.6%-17.6% | 88.3%80.6% | 46.3%36.8% |
| 5 Year | 84.1%84.1% | 136.9%115.2% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Brightcove's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Could The Brightcove Inc. (NASDAQ:BCOV) Ownership Structure Tell Us Something Useful?1 month ago | Simply Wall St
Companies Like Brightcove (NASDAQ:BCOV) Are In A Position To Invest In Growth2 months ago | Simply Wall St
Does Brightcove's (NASDAQ:BCOV) Share Price Gain of 99% Match Its Business Performance?Valuation
Is Brightcove undervalued compared to its fair value and its price relative to the market?
5.18x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate BCOV's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate BCOV's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: BCOV is unprofitable, so we can't compare its PE Ratio to the IT industry average.
PE vs Market: BCOV is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BCOV's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BCOV is overvalued based on its PB Ratio (5.2x) compared to the US IT industry average (4.2x).
Next Steps
Future Growth
How is Brightcove forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
104.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BCOV is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: BCOV is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: BCOV is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: BCOV's revenue (11.2% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: BCOV's revenue (11.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if BCOV's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Brightcove performed over the past 5 years?
-8.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BCOV is unprofitable, and losses have increased over the past 5 years at a rate of -8.1% per year.
Accelerating Growth: Unable to compare BCOV's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BCOV is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (9.8%).
Return on Equity
High ROE: BCOV has a negative Return on Equity (-25.44%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: BCOV is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: BCOV is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Brightcove's financial position?
Financial Position Analysis
Short Term Liabilities: BCOV's short term assets ($69.5M) do not cover its short term liabilities ($85.1M)
Long Term Liabilities: BCOV's short term assets (69.5M) exceeds its long term liabilities (12.4M)
Debt to Equity History and Analysis
Debt Level: BCOV is debt free.
Reducing Debt: BCOV had no debt 5 years ago.
Balance Sheet
Inventory Level: BCOV has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if BCOV's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BCOV has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: BCOV has sufficient cash runway for 2.874845 years if free cash flow continues to reduce at historical rates of -63.7% each year.
Next Steps
Dividend
What is Brightcove's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate BCOV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate BCOV's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if BCOV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BCOV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BCOV's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Brightcove's salary, the management and board of directors tenure and is there insider trading?
1.5yrs
Average management tenure
CEO
Jeff Ray (64yo)
1.5yrs
Tenure
US$2,804,395
Compensation
Mr. Hugh Jefferson Ray III, also Known as Jeff, has been Chief Executive Officer and Director of Brightcove Inc. since April 11, 2018. Mr. Ray served as the Chief Executive Officer and President at Ellucia ...
CEO Compensation Analysis
Compensation vs. Market: Jeff has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Insufficient data to compare Jeff's compensation with company performance.
Management Age and Tenure
1.5yrs
Average Tenure
50.5yo
Average Age
Experienced Management: BCOV's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Age and Tenure
1.5yrs
Average Tenure
64yo
Average Age
Experienced Board: BCOV's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 50,000 |
| Max Price | US$11.98 |
| Entity | Company |
| Shares | 442,106 |
| Max Price | US$8.93 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 5,000 |
| Max Price | US$8.45 |
| Entity | Company |
| Shares | 282,894 |
| Max Price | US$8.00 |
| Entity | Individual |
| Role | Chief Legal Officer Chief Legal Officer |
| Shares | 1,455 |
| Max Price | US$7.24 |
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman of the Board |
| Shares | 14,000 |
| Max Price | US$7.42 |
Ownership Breakdown
Management Team
Jon Corley (50yo)
Chief Technology Officer of Product & Operations
- Tenure: 5.8yrs
Jeff Ray (64yo)
CEO & Director
- Tenure: 1.5yrs
- Compensation: US$2.80m
Caren Cioffi
EVP & GM of Digital Marketing
- Tenure: 2.2yrs
David Plotkin (51yo)
Chief Legal Officer
- Tenure: 4.3yrs
- Compensation: US$625.82k
Rick Hanson
Chief Revenue Officer
- Tenure: 0.8yrs
Billy O’Riordan
Senior Vice President of International Sales
- Tenure: 0.6yrs
Rob Noreck (43yo)
Executive VP
- Tenure: 1.4yrs
- Compensation: US$672.75k
Charles Chu
Chief Product Officer
- Tenure: 1.3yrs
Sara Larsen
Chief Marketing Officer
- Tenure: 1.1yrs
Denise Grimley
Senior Vice President of Customer Experience
- Tenure: 2.1yrs
Board Members
Scott Kurnit (65yo)
Independent Director
- Tenure: 14.8yrs
- Compensation: US$132.44k
Diane Hessan (64yo)
Independent Director
- Tenure: 2.6yrs
- Compensation: US$130.69k
Tom Wheeler (72yo)
Director
- Tenure: 1.5yrs
- Compensation: US$214.33k
Deb Besemer (64yo)
Independent Chairman of the Board
- Tenure: 0.8yrs
- Compensation: US$146.19k
Gary Haroian (67yo)
Independent Director
- Tenure: 5.5yrs
- Compensation: US$154.44k
Paul Vidich
Member of Strategic Advisory Board
- Tenure: 0yrs
Jeff Ray (64yo)
CEO & Director
- Tenure: 1.5yrs
- Compensation: US$2.80m
Jeff Jarvis
Member of Strategic Advisory Board
- Tenure: 0yrs
Kristin Frank (54yo)
Independent Director
- Tenure: 1.5yrs
- Compensation: US$212.53k
Company Information
Brightcove Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Brightcove Inc.
- Ticker: BCOV
- Exchange: NasdaqGS
- Founded: 2004
- Industry: Internet Services and Infrastructure
- Sector: Software
- Market Cap: US$375.514m
- Shares outstanding: 38.28m
- Website: https://www.brightcove.com
Number of Employees
Location
- Brightcove Inc.
- 290 Congress Street
- 4th Floor
- Boston
- Massachusetts
- 2210
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BCOV | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Feb 2012 |
| 2BV | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 2012 |
Biography
Brightcove Inc. provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The compan ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 00:22 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.