SeaChange International (SEAC) is Reiterated by BWS Financial to Buy, Lowers Price Target to $ 6

SeaChange International (SEAC) was Reiterated by BWS Financial to “Buy” while Lowering the Price Target of the company shares to $ 6 from a previous price target of $10 . BWS Financial advised their investors in a research report released on Apr 11, 2016.

Many Wall Street Analysts have commented on SeaChange International. Shares were Reiterated by Dougherty & Company on Apr 8, 2016 to “Buy” and Lowered the Price Target to $ 7 from a previous price target of $9 .

On the company’s financial health, SeaChange International reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Dec 3, 2015. Analyst had a consensus of $-0.04. The company had revenue of $28.70 million for the quarter, compared to analysts expectations of $28.50 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.07 EPS.

SeaChange International opened for trading at $3.85 and hit $3.9 on the upside on Monday, eventually ending the session at $3.89, with a gain of 1.83% or 0.07 points. The heightened volatility saw the trading volume jump to 6,48,182 shares. Company has a market cap of $131 M.

In a different news, on Apr 16, 2015, Edward Terino (director) purchased 10,000 shares at $6.73 per share price.

SeaChange International Inc. (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services provide aggregation licensing management and distribution of video primarily movies and television programming and television advertising content to cable television system operators telecommunications and media companies. The Company sells software products and services primarily to television service providers including cable television system operators telecommunications companies and media companies. The Company’s business consists of three product areas: multiscreen video television advertising and video gateway software. The Company offers multiscreen video products under two deployment options: on-site software licenses and on a SaaS basis. The Company offers SeaChange Infusion Advanced Advertising Platform SeaChange Infusion AdPulse On-Demand Advertising Software and SeaChange AdFlow.

SeaChange International

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