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BCOV

BrightcoveNasdaqGS:BCOV Stock Report

Market Cap

US$381.7m

7D

-5.1%

1Y

-45.3%

Updated

02 Dec, 2021

Data

Company Financials +
BCOV fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

BCOV Stock Overview

Brightcove Inc. provides cloud-based services for video.

Brightcove Competitors

Meta Platforms

NasdaqGS:FB

US$864.0b

Cisco Systems

NasdaqGS:CSCO

US$232.1b

Accenture

NYSE:ACN

US$227.5b

Snap

NYSE:SNAP

US$76.1b

Price History & Performance

Summary of all time highs, changes and price drops for Brightcove
Historical stock prices
Current Share PriceUS$9.46
52 Week HighUS$25.26
52 Week LowUS$9.20
Beta0.64
1 Month Change-8.77%
3 Month Change-20.17%
1 Year Change-45.29%
3 Year Change33.05%
5 Year Change18.99%
Change since IPO-33.85%

Recent News & Updates

Oct 14

Digging Into Brightcove After Insider Buying

The stock of small tech concern Brightcove has fallen precipitously so far in 2021. The large decline in the shares has triggered some significant purchases from a beneficial owner over the past two months. Is this a potential sign of better days ahead for Brigtcove's shareholders? Full investment analysis is provided in the paragraphs below.

Shareholder Returns

BCOVUS ITUS Market
7D-5.1%-4.0%-3.5%
1Y-45.3%1.7%19.4%

Return vs Industry: BCOV underperformed the US IT industry which returned 1.7% over the past year.

Return vs Market: BCOV underperformed the US Market which returned 19.4% over the past year.

Price Volatility

Is BCOV's price volatile compared to industry and market?
BCOV volatility
BCOV Average Weekly Movement7.3%
IT Industry Average Movement7.1%
Market Average Movement6.1%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: BCOV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BCOV's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004693Jeff Rayhttps://www.brightcove.com

Brightcove Inc. provides cloud-based services for video. Its flagship product includes Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also offers Brightcove Live, a solution for live streaming; Brightcove Beacon, an application that enables companies to launch over-the-top video experiences on mobile, web, and smart and connected TVs; Brightcove Player, a video player technology with a cloud-based service for creating and managing video player experiences; and Zencoder, a cloud-based video encoding service.

Brightcove Fundamentals Summary

How do Brightcove's earnings and revenue compare to its market cap?
BCOV fundamental statistics
Market CapUS$381.73m
Earnings (TTM)US$7.00m
Revenue (TTM)US$212.14m

55.5x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCOV income statement (TTM)
RevenueUS$212.14m
Cost of RevenueUS$74.45m
Gross ProfitUS$137.69m
ExpensesUS$130.69m
EarningsUS$7.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin64.90%
Net Profit Margin3.30%
Debt/Equity Ratio0%

How did BCOV perform over the long term?

See historical performance and comparison

Valuation

Is Brightcove undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BCOV ($9.46) is trading below our estimate of fair value ($86.71)

Significantly Below Fair Value: BCOV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BCOV is poor value based on its PE Ratio (55.5x) compared to the US IT industry average (34.9x).

PE vs Market: BCOV is poor value based on its PE Ratio (55.5x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: BCOV's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BCOV is good value based on its PB Ratio (4.2x) compared to the US IT industry average (4.7x).


Future Growth

How is Brightcove forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-143.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCOV's earnings are forecast to decline over the next 3 years (-143.5% per year).

Earnings vs Market: BCOV's earnings are forecast to decline over the next 3 years (-143.5% per year).

High Growth Earnings: BCOV's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BCOV's revenue (3.3% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: BCOV's revenue (3.3% 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


Past Performance

How has Brightcove performed over the past 5 years?

18.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCOV has high quality earnings.

Growing Profit Margin: BCOV became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BCOV has become profitable over the past 5 years, growing earnings by 18.9% per year.

Accelerating Growth: BCOV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BCOV has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (38.3%).


Return on Equity

High ROE: BCOV's Return on Equity (7.6%) is considered low.


Financial Health

How is Brightcove's financial position?


Financial Position Analysis

Short Term Liabilities: BCOV's short term assets ($93.8M) do not cover its short term liabilities ($96.0M).

Long Term Liabilities: BCOV's short term assets ($93.8M) exceed its long term liabilities ($5.3M).


Debt to Equity History and Analysis

Debt Level: BCOV is debt free.

Reducing Debt: BCOV has no debt compared to 5 years ago when its debt to equity ratio was 0.4%.

Debt Coverage: BCOV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BCOV has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Brightcove current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BCOV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BCOV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Jeff Ray (66 yo)

3.67yrs

Tenure

US$1,965,003

Compensation

Mr. Jeff Ray 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 Ellucian Company L.P. from October 2014 to...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD1.97M) is about average for companies of similar size in the US market ($USD1.76M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: BCOV's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: BCOV's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BCOV insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.


Top Shareholders

Company Information

Brightcove Inc.'s 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$381.734m
  • Shares outstanding: 41.09m
  • Website: https://www.brightcove.com

Number of Employees


Location

  • Brightcove Inc.
  • 290 Congress Street
  • 4th Floor
  • Boston
  • Massachusetts
  • 2210
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 23:40
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.