Why Brightcove Stock Plunged Today

Why Brightcove Stock Plunged Today
·2 min read

Shares of Brightcove, Inc. (NASDAQ: BCOV), a cloud-based video platform company, tumbled today after it reported second-quarter 2021 results late yesterday. Although the company beat Wall Street's consensus earnings and revenue estimates, investors appear to be unhappy with the its third-quarter and full-year outlook. Brightcove's revenue increased by 7% to $51.5 million in the second quarter, outpacing analysts' consensus estimate of $50.1 million.

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