Revenue Update on SeaChange International(NASDAQ:SEAC)

SeaChange International(NASDAQ:SEAC) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Jun 7, 2016. Company reported revenue of $21.57M. Analysts estimated a revenue of $20.71M. Earnings per share were $-0.18. Analysts had estimated an EPS of $-0.20.

In a different note, On Apr 8, 2016, Noble Financial said it Downgrades its rating on SeaChange International. The shares have been rated ‘Hold’ by the firm.

SeaChange International (SEAC) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -3.47% at a volume of 3,58,772. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.42. The peak price level was also seen at $3.42 while the days lowest was $3.3. Finally the shares closed at $3.34. The 52-week high of the shares is $7.929 while the 52-week low is $3.21. According to the latest information available, the market cap of the company is $117 M.

Several Insider Transactions has been reported to the SEC. On Apr 13, 2016, Edward Terino (CEO) purchased 40,000 shares at $3.83 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.

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