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Cable infrastructure gear vendor SeaChange (SEAC) is down 7.5% AH after reporting FQ2 revenue of...
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Wednesday, September 7, 2011, 4:41 PM ETCable infrastructure gear vendor SeaChange (SEAC) is down 7.5% AH after reporting FQ2 revenue of $50.1M (-3% Y/Y) and EPS of $0.12, missing consensus by $5.6M and $0.04. The company blames the shortfall on "unforecasted delays" in recognizing revenue. Earlier today, it was reported SeaChange had won a new software deal with Comcast.
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