SeaChange International (SEAC) Getting Somewhat Favorable Media Coverage, Report Shows

Press coverage about SeaChange International (NASDAQ:SEAC) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SeaChange International earned a news impact score of 0.12 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 46.4895013587426 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Separately, Zacks Investment Research downgraded SeaChange International from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th.

SeaChange International (NASDAQ:SEAC) opened at $2.74 on Tuesday. SeaChange International has a 1-year low of $2.16 and a 1-year high of $2.99.

SeaChange International (NASDAQ:SEAC) last released its quarterly earnings data on Wednesday, September 6th. The software maker reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. SeaChange International had a negative return on equity of 15.80% and a negative net margin of 54.54%. The business had revenue of $17.20 million for the quarter, compared to the consensus estimate of $17.94 million. During the same quarter in the prior year, the business posted ($0.21) EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. sell-side analysts forecast that SeaChange International will post -0.08 EPS for the current fiscal year.

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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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