SeaChange International (SEAC) Receives Coverage Optimism Rating of 0.07

Media stories about SeaChange International (NASDAQ:SEAC) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SeaChange International earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the software maker an impact score of 46.691095746352 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of SeaChange International (NASDAQ:SEAC) opened at $2.56 on Tuesday. SeaChange International has a 12 month low of $2.16 and a 12 month high of $2.99.

SeaChange International (NASDAQ:SEAC) last issued its quarterly earnings results on Wednesday, September 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. The business had revenue of $17.20 million during the quarter, compared to analysts’ expectations of $17.94 million. SeaChange International had a negative return on equity of 15.80% and a negative net margin of 54.54%. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.21) earnings per share. equities analysts expect that SeaChange International will post -0.08 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Wednesday, September 13th.

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About SeaChange International

SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.

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