Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Robinson Humphrey Cuts SeaChange Rating


Robinson Humphrey downgraded SeaChange International (SEAC) to outperform from buy.

Analyst Greg Mesniaeff says he downgraded SeaChange based on its 62% price appreciation since June 20, as well as his belief that valuation almost fully discounts its near-term video-on-demand revenue opportunity. Also, Mesniaeff notes his slight but growing concern about the current state of the video advertising insertion business.

He trimmed the fiscal 2002 (Jan.) ad insertion sales estimate and corporate gross margin assumptions, bringing his $0.05 fiscal 2002 EPS estimate to $0.02. Mesniaeff says while SeaChange continues to gain market share, he thinks the overall strength of the segment is being negatively impacted by softness in cable ad spending.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus