Brean Murray Carret & Co. Initiates Coverage on SeaChange (SEAC)
Shares of SeaChange opened at 8.09 on Thursday. SeaChange has a one year low of $6.29 and a one year high of $11.66. The company’s market cap is $265.0 million.
SeaChange last issued its quarterly earnings data on Thursday, March 29th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.02. The company’s quarterly revenue was down 10.7% on a year-over-year basis. On average, analysts predict that SeaChange will post $0.11 earnings per share next quarter.
Separately, analysts at Brean Murray initiated coverage on shares of SeaChange in a research note to investors on Thursday. They set a “buy” rating and a $11.00 price target on the stock.
SeaChange International, Inc. (SeaChange) is a developer, manufacturer and marketer of digital video systems and services.