An investigation on behalf of investors in Brightcove Inc (NASDAQ:BCOV) shares over potential wrongdoing at Brightcove Inc was announced and NASDAQ:BCOV stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/09/2017 -- An investigation was announced for investors in shares of Brightcove Inc (NASDAQ:BCOV) over potential breaches of fiduciary duties by certain officers and directors at Brightcove Inc.
Investors who purchased shares of Brightcove Inc (NASDAQ:BCOV) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Brightcove directors breached their fiduciary duties and caused damage to the company and its shareholders.
Brightcove Inc reported that its annual Total Revenue rose from $134.71 million in 2015 to $150.27 million in 2016 and that its Net Loss increased from $7.58 million in 2015 to $9.99 million in 2016. Shares of Brightcove Inc (NASDAQ:BCOV) grew from $5.12 per share in February 2016 to $13.29 per share in September 2016.
On May 4, 2017 Brightcove Inc announced its financial results for the first quarter fiscal year 2017 and issued its business outlook for the second quarter 2017 and full year 2017. Shares of Brightcove Inc (NASDAQ:BCOV) declined on May 5, 2017 to $5.40 per share
On May 8, 2017, NASDAQ:BCOV shares closed at $5.90 per share.
Those who purchased shares of Brightcove Inc 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