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  • frankf4u489 frankf4u489 Mar 28, 2013 12:40 PM Flag

    CCUR: Low Float Mobile Play Could Break $8 Resistance and Explode this Afternoon

    Concurrent (CCUR) low float mobile play - best possible looking chart, could break $8 resistance and explode beginning this afternoon! CCUR closed yesterday at $7.84 per share with 9.2mm o/s $24.6mm in cash no debt an enterprise value (EV) of just $47.53 million or just 0.76x revenue. CCUR together with Seachange (SEAC) control the majority of the global video on demand (VOD) market. SEAC just hit a new 52-week high and is now trading for $11.90 with an EV/revenue ratio of 1.89, which would value CCUR at over $15.50 per share. While SEAC has gross margins of 50.18% and is losing money, CCUR has gross margins of 58.81% and was profitable the past four quarters in a row. CCUR's EPS has been rapidly ramping up - last quarter it was up 100% from the previous quarter and 300% from two quarters ago.

    CCUR's clients include 4 of the 6 largest cable TV companies in the U.S. CCUR won Emmy Award for their "start over" service deployed for Time Warner Cable, the 2nd largest U.S. cable TV company. CCUR just announced last month that a new undisclosed Top 5 North American pay-TV service provider has signed on as a new VOD client. CCUR and SEAC are about to prosper big time from the new huge cable TV spending boom about to occur as their subscribers demand access to TV and on demand programming on their mobile devices. CCUR's MediaHawk unified multi-screen video solution is already powering a new multi-screen service called Xvie that was just deployed by Jupiter (JUPIY) the largest cable TV company in Japan. CCUR just a few days ago announced a brand new huge multi-screen client Virgin Media (VMED) the largest cable TV company in the UK (worth $23 billion) with 3.8 million subscribers. VMED could potentially cause CCUR's EPS to continue exploding on a quarter-to-quarter basis! Both CCUR and SEAC have been rumored takeover targets (Google it to see for yourself) and major consolidation is beginning to take place in this industry!

 
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