Arris / Google Deal Good For SeaChange (SEAC)
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Price: $11.75 --0%
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 7 | New: 16
Rating Summary:
3 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 5 | Down: 7 | New: 16
Trade SEAC Now!
Yesterday Arris Group, Inc. (NASDAQ: ARRS) announced it would acquire the Motorola Home business of Motorola Mobility, owned by Google (NASDAQ: GOOG). ARRIS supplies video and broadband service tools and sees Motorola Home as an opportunity to sell new equipment to customers whose home cable-TV sets don’t support Internet-video delivery. Analysts at Brean Capital think SeaChange (Nasdaq: SEAC) is well positioned for combined Arris-Motorola, and is a strategic asset that will eventually end up in someone else's hands . . . hint, hint.
"A combined ARRS/MOT for SEAC makes sense to us because 1) neither ARRS or MOT have a significant position in VOD back office, 2) neither currently have a commercially available strategy for the RDK, 3) SEAC would broaden a combined MOT/ARRS exposure to key customers including UPC, 4) ARRS and SEAC share 100% of market in VOD ad insertion," wrote analyst Todd Mitchell.
Mitchell said ARRS was reportedly the primary interested party when SEAC sought strategic interests inquiries.
Brean Capital has a Buy rating on SeaChange International (NASDAQ: SEAC) with a price target of $12.00.
For an analyst ratings summary and ratings history on SeaChange International click here. For more ratings news on SeaChange International click here.
Shares of SeaChange International closed at $9.69 yesterday, with a 52 week range of $6.29-$10.50.
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"A combined ARRS/MOT for SEAC makes sense to us because 1) neither ARRS or MOT have a significant position in VOD back office, 2) neither currently have a commercially available strategy for the RDK, 3) SEAC would broaden a combined MOT/ARRS exposure to key customers including UPC, 4) ARRS and SEAC share 100% of market in VOD ad insertion," wrote analyst Todd Mitchell.
Mitchell said ARRS was reportedly the primary interested party when SEAC sought strategic interests inquiries.
Brean Capital has a Buy rating on SeaChange International (NASDAQ: SEAC) with a price target of $12.00.
For an analyst ratings summary and ratings history on SeaChange International click here. For more ratings news on SeaChange International click here.
Shares of SeaChange International closed at $9.69 yesterday, with a 52 week range of $6.29-$10.50.
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