Shares of Brightcove Inc. (NASDAQ:BCOV) traded today at $20.60, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 254,000 shares traded hands, while the average 30-day volume is approximately 254,000 shares.
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.
Brightcove Inc. (NASDAQ:BCOV) has potential upside of 41.5% based on a current price of $20.56 and analysts’ consensus price target of $29.09.
Brightcove Inc. share prices have moved between a 52-week high of $20.60 and a 52-week low of $5.44 and are now trading 278% above that low price at $20.56 per share.
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