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Fly News Breaks for April 29, 2015
BCOV
Apr 29, 2015 | 06:22 EDT
B. Riley upgraded Brightcove to Buy and increased its price target to $9.40 from $7.50 ahead of Thursday's earnings report. Check's indicate a significant increase in online video ecosystem activity which is benefiting Brightcover due to its improved products, resulting in significant new account wins. B. Riley believes industry momentum will provide Brightcove with sustainable revenue and path towards profitability. The firm raised estimates ahead of consensus for Q1 and expects a raise full year guidance.
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