Why Brightcove Is Down by 21% Today

·2-min read
Why Brightcove Is Down by 21% Today

Shares of cloud-based storage company Brightcove (NASDAQ: BCOV) were trading 21.1% lower just after midday Thursday in response to Wednesday's post-close quarterly investor update. While the company beat the earnings and revenue estimates tendered by the few analysts who follow it, guidance for the quarter currently underway left investors wanting. The company also announced that CEO Jeff Ray will be stepping down from that role at the end of 2022.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting