Why SeaChange International (SEAC) Stock Is Down After-Hours Thursday

NEW YORK (TheStreet) -- SeaChange International (SEAC) was falling -15.1% to $7.90 in after-hours trading Thursday after missing analysts' estimates for earnings and revenue in the first quarter.

For the first quarter SeaChange reported a loss of -22 cents a share, missing the Capital IQ Consensus of a loss of -3 cents a share by 19 cents. Revenue fell -31.6% from the year-ago quarter to $24.33 million. Analysts expected revenue of $30.87 million for the quarter.

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TheStreet Ratings team rates SEACHANGE INTERNATIONAL INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate SEACHANGE INTERNATIONAL INC (SEAC) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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