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so this morning it was straight to $7. then down to $6.2 then up to $6.5 where it has rested for a little while. Last night was a lot of information to take in. Some thing were expected. Others.. not as much.
We beat Estimated by 28.5 %. BrightCove is expected to do well over $100,000,000 in revenue A few new Customers for the quarter include: Allstate, georgetown university, and Johnson and Johnson. BCOV shares are extremely depressed and the beginning of an uptrend would not take much. Good Luck and always keep cash available for when situations like this come up.
So we fired the CEO but beat earnings by 2 cents. Could be a short term scare which will be a great buying oppurtunity as it will be the bottom of this soon to be monster.
In conjunction with this announcement, Brightcove will host a conference call on January 31, 2013, at 5:00 p.m. (Eastern Time) to discuss the Company's financial results and current business outlook. A live webcast of the call will be available at the “Investors” page of the Company’s website, http://investor.brightcove.com. To access the call, dial 877-705-6003 (domestic) or 201-493-6725 (international). A replay of this conference call will be available until February 14, 2013 at 877-870-5176 (domestic) or 858-384-5517 (international). The replay conference ID is 407069. A replay of the webcast will also be available for a limited time at http://investor.brightcove.com.
last few earnings have not been too positive. They have taken on some big names and are looking extremely positive. This or next earnings could easily be positive.
Brightcove Inc. is a cloud content services company that provides a family of products used to publish and distribute the professional digital media worldwide. The Company is a global provider of cloud-based solutions for publishing and distributing professional digital media. Its products include Brightcove Video Cloud and Brightcove App Cloud. Brightcove Video Cloud (Video Cloud), the Company's flagship product, is an online video platform. In May 2011, the Company announced the release of Brightcove App Cloud (App Cloud). App Cloud is a software application development and management platform designed to help customers publish and distribute video and other professional digital media through software applications across multiple Internet-connected devices. It generates revenue by offering its products to customers on a subscription-based, software as a service (SaaS) model. As of June 30, 2011, the Company had 3,295 customers in over 50 countries.