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Brightcove, Inc.
Type
Public
Traded as NASDAQ: BCOV
Industry Internet video
Founded 2004
Founder Jeremy Allaire
Bob Mason
Headquarters 290 Congress Street
Boston, Massachusetts 02210
USA
Key people
David Mendels(CEO)
Jeremy Allaire
(Chairman of the Board)
Website brightcove.com

Brightcove, Inc. (NASDAQ: BCOV) is a Boston, Massachusetts–based software company that produces an online video platform.

Brightcove was founded in 2004 by Jeremy Allaire, who served as Executive Chairman until April 2016, and Bob Mason. In March 2006, Brightcove acquired Seattle-based Metastories, makers of StoryMaker, a publishing tool for video, audio, images, and text. In May of that year, it established a distribution partnership with TiVo and a content delivery partnership with Limelight Networks.

Coinciding with a series of deals with UK media companies, Brightcove opened an office in London in July 2007.

In November 2009, Brightcove was named as one of the top two U.S. video platform vendors.

In April 2010, it was reported that Brightcove raised $12 million in fourth-round funding, nearing a total of $100 million, but still barely breaking even with the projected $50 million in annual revenue.

In August 2010, Brightcove announced a content delivery partnership with Akamai Technologies. Along with Akamai Technologies, its other partnerships include the ones with SiteCore, Cleeng, FreeWheel, YuMe, Conviva, Oracle, DoubleClick, and other organizations.

Brightcove went public in February of 2012 with their stock priced at $11 per share. The price of the stock during the summer of 2017 was $7 per share, with the stock down 38 percent in the past year.

In July 2017, the company announced that CEO David Mendels agreed to step down as of July 31, 2017. Andrew Feinberg, previously Brightcove's president and chief operating officer will be the acting CEO until a permanent CEO is named.

In December 2005 Brightcove partnered with Reuters to create a program to syndicate customized news video players. In 2006, Brightcove completed Internet TV partnership deals with a number of large media companies including The New York Times Company (NYTimes.com and About.com), Discovery Communications (Discovery Channel, Travel Channel), and Sony BMG among others. In 2007, Brightcove capitalized on a trend of magazine and newspaper publishers expanding into online video by signing deals with print media companies including Time Inc., TV Guide, and Washingtonpost.Newsweek Interactive.

Since then, a number of television and cable media companies have begun to use Brightcove as an alternate, non-exclusive distribution channel for their video content.

The Brightcove Studio was home to the Brightcove Internet TV platform. Geared toward professional video publishers, the studio was used to create, customize, distribute, and monetize video player widgets. Videos, lineups, players, and online channels were all created and managed through a content management system called the Brightcove Console, an Adobe Flex-based internet application. Monetization was achieved through video sales and advertising.

Brightcove.tv was a video website dedicated to promoting Brightcove content. Every publisher who created a Brightcove account was assigned a channel, their own page on Brightcove.tv.

Publishers could customize their channel through the Brightcove Console. Simple details like the channel's name, logo, and description could be updated in the user's profile. The content of a channel was defined by changing the settings of individual titles, lineups, and players to allow distribution and promotion on Brightcove.tv.

On December 17, 2008, Brightcove shut down Brightcove Network accounts that had not been upgraded to paid Brightcove platform accounts. At the same time, they shut down the Brightcove.TV website (which is separate from the corporate Brightcove website).

In May 2011, Brightcove announced its App Cloud online product that was targeted at the development of mobile applications. App Cloud allows companies to develop apps once using its online interface, and then deploy them as iPhone and Android native apps.

App Cloud was made generally available in November 2011. NBC used App Cloud to power its NBCU Screen It Emmy screener app for the iPad. The app allows 15,000 members of the Academy of Television Arts & Sciences who vote on the Emmy awards to gain authenticated access to view NBC's programs. The App Cloud was terminated in early 2013.

In November 2014, Brightcove brought on its new Chief Financial Officer Kevin R. Rhodes. In July 2017, the CEO David Mendels stepped down, after an year of poor stock performance. Andrew Feinberg who was the president and Chief Operating Officer of Brightcove earlier, is currently the acting CEO.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-17 Future report Set alerts
Q3 2020 2020-10-21 Future report Set alerts
Q2 2020 2020-07-22 0.07 -0.03
Q1 2020 2020-04-29 0.04 -0.20
Q4 2019 2020-02-19 0.06 -0.17
Q3 2019 2019-10-23 0.06 -0.08
Q2 2019 2019-07-24 -0.04 -0.19
Q1 2019 2019-04-24 -0.01 -0.14
Q4 2018 2019-02-13 0.00 -0.07
Q3 2018 2018-11-01 -0.03 -0.10

Ratings

2016-06-24 Initiated Coverage Noble Financial Buy
2016-06-16 Upgrade Dougherty & Co Neutral to Buy $10.50
2016-06-13 Reiterated Rating B. Riley Buy $10.60
2016-06-08 Reiterated Rating B. Riley Buy $10.60
2016-05-04 Reiterated Rating B. Riley Buy $9.40
2016-04-29 Reiterated Rating B. Riley Buy $9.40
2016-03-22 Initiated Coverage Ladenburg Thalmann Buy $10.00
2016-02-17 Reiterated Rating B. Riley Buy $9.40
2016-02-12 Reiterated Rating B. Riley Buy $9.40
2015-12-21 Reiterated Rating B. Riley Buy $9.40
2015-12-16 Reiterated Rating B. Riley Buy $9.40
2015-11-04 Reiterated Rating B. Riley Buy $9.40
2015-10-30 Reiterated Rating B. Riley Buy $9.40
2015-10-30 Lower Price Target RBC Capital $9.00 to $8.00
2015-10-30 Lower Price Target Royal Bank Of Canada $9.00 to $8.00
2015-07-31 Lower Price Target Stifel Nicolaus Buy $15.00 to $11.00
2015-07-31 Reiterated Rating B. Riley Buy $9.40
2015-06-17 Reiterated Rating B. Riley BUY $9.40
2015-05-06 Upgrade B. Riley Buy $9.40
2015-04-29 Upgrade B. Riley Neutral to Buy $7.50 to $9.40
2015-02-12 Reiterated Rating B. Riley Neutral $7.50
2015-02-05 Reiterated Rating B. Riley Neutral $7.50
2014-07-25 Downgrade Dougherty & Company Buy to Neutral
2014-07-25 Reiterated Rating Stifel Nicolaus Buy $20.00 to $15.00
2014-07-25 Downgrade Dougherty & Co Buy to Neutral
2014-07-25 Downgrade Raymond James Strong-Buy to Market Perform
2014-07-25 Downgrade RBC Capital Outperform to Sector Perform $9.00 to $13.00
2014-07-25 Downgrade Pacific Crest Outperform to Sector Perform
2014-07-25 Downgrade B. Riley Buy to Neutral $15.00 to $7.50
2014-07-25 Downgrade Raymond James Financial Inc. Strong-Buy to Market Perform
2014-05-01 Reiterated RBC Capital Mkts Outperform $16 to $13
2014-05-01 Reiterated Rating Raymond James Strong-Buy $14.00
2014-05-01 Lower Price Target RBC Capital Outperform $16.00 to $13.00
2013-10-25 Boost Price Target RBC Capital Outperform $11.00 to $16.00
2013-10-25 Boost Price Target Raymond James Strong-Buy $15.00 to $16.00
2013-10-21 Boost Price Target B. Riley Buy $14.00 to $16.00
2013-02-01 Downgrade RBC Capital Mkts Top Pick to Outperform $20 to $16
2012-04-03 Initiated JMP Securities Mkt Perform
2012-03-29 Initiated RBC Capital Mkts Outperform $27
2016-06-24 Initiated Coverage Noble Financial Buy
2016-06-16 Upgrade Dougherty & Co Neutral to Buy $10.50
2016-06-13 Reiterated Rating B. Riley Buy $10.60
2016-06-08 Reiterated Rating B. Riley Buy $10.60
2016-05-04 Reiterated Rating B. Riley Buy $9.40

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
GENERAL CATALYST GROUP IV LP 3.18%  (1026273) BCOV / DWRE /
Allaire Jeremy Chief Executive Officer 1.30%  (417365) BCOV /
BREYER JAMES 1.11%  (356442) BCOV / BX / FOXA / MODN /
Mendels David R President, COO 1.05%  (337087) BCOV /
ACCEL IX LP 0.71%  (230157) BCOV / NMBL / YUME /
Feinberg Andrew Chief Legal Officer 0.47%  (152297) BCOV /
Menard Christopher Chief Financial Officer 0.35%  (113606) BCOV /
Besemer Deborah M. 0.34%  (110262) BCOV /
GOETZ PAUL F See Remarks 0.30%  (95617) BCOV /
RHODES KEVIN R CHIEF FINANCIAL OFFICER 0.26%  (83285) BCOV /
KURNIT SCOTT 0.25%  (80003) BCOV /
GENERAL CATALYST GROUP III LP 0.21%  (67995) BCOV / DWRE /
Plotkin David General Counsel, SVP 0.21%  (66423) BCOV /
Corley Jonathan SVP, Product and Operations 0.17%  (56285) BCOV /
Stagno Christopher PAO, VP, CORPORATE CONTROLLER 0.13%  (40780) BCOV /
Godin Edward Chief People Officer 0.06%  (20000) BCOV /
Hessan Diane 0.03%  (11017) BCOV / PNRA /
Orfao David J 0.03%  (10999) BCOV / IMPR /
NELSON ELIZABETH A 0.03%  (10000) BCOV / P / ZEN /
HAROIAN GARY E 0.03%  (9996) ANET / AZPN / BCOV / ENOC /
Harrar Derek 0.03%  (9996) BCOV / YUME /
Frank Kristin E. 0.03%  (9184) BCOV / GAIA /
WHEELER THOMAS E 0.03%  (9184) BCOV / ELNK /
Kapoor Chet 0.01%  (4487) BCOV /

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