SeaChange International (NASDAQ:SEAC) Updates FY 2020 After-Hours Earnings Guidance

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SeaChange International (NASDAQ:SEAC) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.03-0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.03. The company issued revenue guidance of $70-80 million, compared to the consensus revenue estimate of $67.33 million.

Shares of NASDAQ SEAC traded up $0.03 during mid-day trading on Wednesday, reaching $3.62. The company had a trading volume of 606,071 shares, compared to its average volume of 200,839. The company has a current ratio of 1.90, a quick ratio of 1.89 and a debt-to-equity ratio of 0.03. The stock has a market cap of $128.39 million, a PE ratio of -9.28 and a beta of 0.91. The company has a 50-day moving average price of $3.18 and a two-hundred day moving average price of $2.26. SeaChange International has a 1-year low of $1.13 and a 1-year high of $3.86.

A number of equities analysts recently issued reports on SEAC shares. Zacks Investment Research upgraded SeaChange International from a hold rating to a buy rating and set a $3.00 target price on the stock in a report on Saturday, September 7th. ValuEngine cut SeaChange International from a buy rating to a hold rating in a report on Thursday, September 5th.

About SeaChange International

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices, as well as SeaChange Rave, an integrated platform.

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