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Brightcove (BCOV) Looks Good: Stock Moves 14.3% Higher

Brightcove Inc.BCOV was a big mover last session with its shares rising over 14% on the day. The upside came on the company's announcement of better-than-expected fourth quarter and full-year 2015 financial results. Brightcove also initiated its outlook for the first quarter and full year 2016. These developments led to far more shares changing hands on Friday than in a normal session. The move breaks the recent trend of the company as the stock is now trading above the volatile price range of $4.82 to $5.58 since Jan 27.

This provider of cloud-based application software has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Brightcove currently has a Zacks Rank #2 (Buy).

Investors interested in the Internet content space may also consider Tucows Inc. TCX that sports a Zacks Rank #1 (Strong Buy).

Is BCOV going up? Or down? Predict to see what others think: Up or Down

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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