SeaChange fundamentals should improve, says Brean Capital Brean Capital believes the fundamentals for SeaChange should improve, leading to dramatically better results in 2016. The firm also feels its strategic position makes it an attractive acquisition target particularly at its current valuation and keeps a Buy rating and $14 price target on shares.
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.