SeaChange International Inc.

SeaChange International, Inc. (SEAC - Snapshot Report) recently announced its third-quarter results. Increased revenues led the company its fourth earnings surprise in the past 4 quarters.

Company Description

SeaChange International, Inc. develops, markets and supports products to manage, store and distribute digital video for television operators, broadcast and telecommunications companies.

The company's products utilize its proprietary distributed application software and standard industry components to automate the management and distribution of video streams including advertisements, movies, news updates and other video programming requiring precise, accurate and continuous execution.

Excellent Third-Quarter Results

On Nov 25 SeaChange announce third-quarter fiscal 2009 results that included earnings per share of 11 cents, 83% higher than analyst expectations. Total revenues rose 6% on a year-over-year basis to $51.8 million, up from $49.0 million.

This was the fourth earnings surprise for the company in the past 4 quarters. The average surprise has been 106%.

Estimtates Rising

Since the announcement the full-year estimates for 2008 and 2009 have increased. The 2008 consensus is now 24 cents, up from 21 and the 2009 estimate is 32 cents up from 31. These forecasts are projecting year-over-year growth of 692% for 2008 and 37% for 2009.

The Chart

Shares of SEAC have been in a trading range for the past 2 months. The stock is bound by supports at $6.50 and resistance at $8.25. Take a look at the chart below. Read the October 30th Feature Here

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