BCOV - Brightcove: Operating In A Tough Spot
- Since peaking in early 2021, Brightcove's share price has plummeted almost 70% from its all-time high.
- After enjoying a massive tailwind in 2020, the video software company is now in a tough spot as the pandemic wanes and competition increases significantly.
- The company financials are deteriorating very quickly with revenue, gross profit, and important KPIs such as ARPU all turning south.
- It is now trading at a significant discount compared to its peers but I believe the company is a sell as fundamentals and financials are very weak at the moment.
For further details see:
Brightcove: Operating In A Tough Spot