Dougherty & Co Starts SeaChange International (SEAC) at Buy

February 12, 2013 9:48 AM EST Send to a Friend
Get Alerts SEAC Hot Sheet
Price: $7.47 -2.48%

Rating Summary:
    4 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 15 | New: 22
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Dougherty & Co initiates coverage on SeaChange International (NASDAQ: SEAC) with a Buy. PT $14.00.

The firm comments, "SeaChange is leveraging its historical leadership position in the video-on-demand space through a new generation of software products that enable multi-channel system operators (MSOs) to deliver a variety of leading edge services for the multi-screen environment. A new management team has cut costs, sold off the low margin hardware and refocused the company on exploiting the opportunities created by TV Everywhere. We believe SeaChange is at the cusp of seeing the payoff from these moves, positioning the company to produce double-digit top line growth combined with margin expansion."

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 $11.25 yesterday.

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