The Shareholders Foundation announces that an investigation on behalf of investors of Brightcove Inc (NASDAQ:BCOV) shares was initiated over potential securities laws violations by Brightcove and certain of its directors and officers.
Investors who purchased shares of Brightcove Inc (NASDAQ:BCOV) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Brightcove Inc (NASDAQ:BCOV) concerning whether a series of statements by Brightcove Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of Brightcove Inc (NASDAQ:BCOV) grew from $5.15 per share in April 2013 to as high as $16.07 per share in October 2013.
On January 30, 2014, Brightcove Inc reported its fourth quarter and fiscal year 2013 results. Brightcove Inc reported that its annual Total Revenue rose from $87.97 million in 2012 to $109.89 million in 2013 and that its respective Net Loss declined from $13.19 million to $10.26 million. On Apirl 30, 2014, Brightcove Inc announced its financial results for the first quarter 2014.
Shares of Brightcove Inc (NASDAQ:BCOV) declined from over $16 in October 2013 to $7.95 per share in May 2014.
Then on July 24, 2014 Brightcove Inc announced its second quarter 2014 financial results. Brightcove Inc also issued its financial guidance for the third quarter 2014 and full year 2014.
Shares of Brightcove Inc (NASDAQ:BCOV) dropped from $10.27 per share on July 24, 2014, to $6.06 per share on July 25, 2014.
On August 12, 2014, Brightcove Inc (NASDAQ:BCOV) shares closed at $6.22 per share.
Those who purchased shares of Brightcove Inc (NASDAQ:BCOV) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com