Dougherty & Co Maintains Buy on SeaChange (SEAC)

Dougherty & Co today maintained a Buy ratin gon SeaChange International (NASDAQ: SEAC) with a price target of $14.00. Yesterday SeaChange reported Q1 results. Analyst Steven B. Franke believes the company's turnaround is in process.

Commenting, Frankel said, "Some upside in Q1 and solid guidance reinforces our opinion that 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. Trading at just 14.8x our CY14 taxed EPS of $0.72 ($0.88 untaxed), we are reiterating our Buy rating."

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 $10.67 yesterday.

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