Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Friedman Billings Keeps 'Market Perform' on SeaChange

Friedman Billings reiterates the market perform rating on SeaChange International (SEAC).

SeaChange, a maker of video-storage servers for the video-on-demand market, posted 5 cents third-quarter earnings per share, vs. a 2 cents loss. Analyst Alan Bezoza says SeaChange's solid performance was in line, and driven by a very strong 28% sequential rise in video-on-demand system sales. He thinks Comcast represented a majority of video-on-demand sales, but is concerned that Comcast may start to favor SeaChange's rival, Concurrent Computer, as it makes upgrades to its remaining three divisions and video-on-demand allocations.

Bezoza upped the $37 million fourth-quarter revenue estimate to $38 million, and raised the 5 cents earnings per share estimate to 7 cents. However, he cut the $166 million fiscal 2005 (Jan.) revenue estimate to $159 million, and trimmed the 38 cents earnings per share estimate to 35 cents. He thinks strong Comcast shipments could drop over the next few quarters, but will be offset by growth at Cox Communicatiosn, Adelphia, and international video-on-demand over digital-subscriber line players.

blog comments powered by Disqus