Shares of Brightcove Inc. (NASDAQ:BCOV) traded at a new 52-week high today of $25.15. Approximately 254,000 shares have changed hands today, as compared to an average 30-day volume of 354,000 shares.
In the past 52 weeks, shares of Brightcove Inc. have traded between a low of $5.44 and a high of $25.15 and is now at $24.77, which is 355% above that low price.
Brightcove Inc. (NASDAQ:BCOV) has potential upside of 27.4% based on a current price of $24.77 and analysts’ consensus price target of $31.56.
Brightcove Inc is a provider of cloud-based services for the video ecosystem. The firm targets its solutions at media companies, broadcasters, publishers, and corporations. Brightcove Video Cloud is the firm’s flagship product, enabling customers to publish and distribute video to Internet-connected devices. Video Cloud generates a significant portion of the firm’s revenue through a subscription-based software-as-a-service model. Other products include Zencoder, a cloud-based video encoding service. It generates a large majority of its revenue in North America and Asia.
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