SeaChange results not as bad as it seems, says Brean Capital Brean Capital believes the Q4 results from SeaChange were not as bad as they appeared. The firm said their own due diligence confirms a reversal of fundamental trends in the second half of 2015 and the potential for dramatically improved results in 2016. Shares remain Buy rated with a $14 price target.
SeaChange leadership change signals company on track, says Brean Capital Brean Capital said the SeaChange leadership change signals the company is emerging from difficult times. The firm believes the infusion and insertion software is the heart of the company's growth prospects and will drive shareholder value. Brean Capital reiterates its Buy rating and $11 price target on SeaChange shares.
SeaChange appoints Jay Samit as CEO SeaChange announced that the board has unanimously appointed Jay Samit as CEO effective immediately. Samit will also become a member of the Board. Samit succeeds SeaChange's current CEO Raghu Rau. Samit was most recently president at ooVoo.