Form 8-K SEACHANGE INTERNATIONAL For: Apr 06

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Go back to Form 8-K SEACHANGE INTERNATIONAL For: Apr 06

Noble Financial Cuts SeaChange (SEAC) to Hold; Sidelined Until Revenue Improvement Appears

April 8, 2016 9:01 AM EDT

Noble Financial oowngrades SeaChange (Nasdaq: SEAC) from Buy to Hold following Q4 results and termination of CEO Jay Samit.

Analyst Michael Kupinski offered the following commentary with SeaChange's repot:

CEO was terminated. We believe that Jay Samit was terminated... More

SeaChange Int'l (SEAC) Misses Q4 EPS by 1c

April 7, 2016 4:22 PM EDT

SeaChange Int'l (NASDAQ: SEAC) reported Q4 EPS of $0.00, $0.01 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $27.2 million versus the consensus estimate of $30.49 million.

GUIDANCE:

SeaChange Int'l sees Q1 2017 EPS of ($0.24)-($0.18), versus the consensus of... More