SeaChange International (NASDAQ:SEAC) updated its FY 2020
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.03-0.19 for the period, compared to the Thomson Reuters consensus estimate of $-0.03. The company issued revenue guidance of $70-80 million, compared to the consensus revenue estimate of $67.33 million.
Several research firms have recently weighed in on SEAC. ValuEngine downgraded SeaChange International from a buy rating to a hold rating in a research report on Thursday, September 5th. Zacks Investment Research upgraded SeaChange International from a hold rating to a buy rating and set a $3.00 target price on the stock in a research report on Saturday, September 7th.
Shares of NASDAQ SEAC traded up $0.03 during midday trading on Wednesday, hitting $3.62. The stock had a trading volume of 606,071 shares, compared to its average volume of 200,839. The company has a market capitalization of $128.39 million, a PE ratio of -9.28 and a beta of 0.91. The stock has a 50 day simple moving average of $3.18 and a 200-day simple moving average of $2.26. SeaChange International has a 1 year low of $1.13 and a 1 year high of $3.86. The company has a quick ratio of 1.89, a current ratio of 1.90 and a debt-to-equity ratio of 0.03.
SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices, as well as SeaChange Rave, an integrated platform.
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