Brightcove (BCOV) and Evergent Collaborate with BBC Studios
Brightcove Inc. BCOV along with Evergent Technologies recently announced their collaboration with BBC Studios.
Notably, Brightcove’s cloud services for video coupled with Evergent’s cloud-based lifecycle management solutions for video service providers are expected to enable easy integration and authentication of “BBC Player products with telecommunications providers globally.”
The integration will aid BBC Studios to “streamline workflows with telecommunications providers and end-users” with ease. It will lower the time taken to market the products as the telecommunication service providers will be able to “onboard the BBC Player” faster. Hence, the entire process will be helpful for end users.
We believe that this collaboration will turn out to be a top-line booster for Brightcove as it will expand the company’s footprint in the video delivery industry. In second-quarter 2018, the company reported revenues of $42 million, which came in line with the Zacks Consensus Estimate and increased 7.7% from the year-ago quarter.
Brightcove Inc. Revenue (TTM)
Brightcove Inc. Revenue (TTM) | Brightcove Inc. Quote
Brightcove’s Recent Moves
Notably, apart from collaborating with partners, Brightcove is taking care of its management structure and striving to achieve all-round development. Over the past few months, the company has appointed a few people to C-level management positions.
Most recently, the company appointed Sara Larsen as its chief marketing officer. In July, Charles Chu was appointed as the chief product officer. In May, executive vice president and chief financial officer, Robert Noreck was appointed.
Brightcove also launched over-the-top (OTT) domain related products this year. The company unveiled OTT Flow X, powered by Accedo in May.
Brightcove’s continuous efforts in the “personalized video experiences” domain as well as internal and external live streaming will assist the company in driving its financials northward going ahead.
Notably, the Zacks Consensus Estimate for this Zacks Rank #3 (Hold) stock’s top-line is pegged at $41.7 million for the ongoing quarter, indicating a 5.7% year-over-year increase.
Stocks to Consider
A few better-ranked stocks in the technology sector include Apple AAPL, Microsoft MSFT and Amazon.com, Inc. AMZN. While Apple and Microsoft sport a Zacks Rank #1 (Strong Buy), Amazon carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth rate for Microsoft, Amazon and Apple is 12.3%, 27% and 9.7%, respectively.
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