CCUR is only $7.04 and could quickly double in about one week! CCUR's enterprise value is below $40mm and the company has been around since 1967! CCUR pays a huge cash dividend and is rapidly ramping up EPS and growing revenues at an extremely fast pace! CCUR signed Time Warner Cable (TWC) to a major multi-screen CDN deal last quarter and also announced the signing of the same type of deal with Virgin Media (VMED). TWC is the #2 cable TV operator in the US, while VMED is the #1 cable TV operator in the UK! CCUR's market leading technology is allows leading cable TV operators worldwide to substantially grow their video on demand (VOD) title capacity by deploying a centralized CDN that uses CCUR's MediaHawk multi-screen VOD software! CCUR also allows its clients to begin delivery of VOD and live TV to any IP connected mobile device at any location!
CCUR reported stunning earnings last night that almost nobody has seen yet! CCUR's 3Q revenues of $16.9 million were their highest in 2 years and beat estimates of $16.3 million. CCUR's 3Q GAAP EPS of $0.11 beat EPS estimates of $0.09 by 22.2%. CCUR rapidly grew GAAP EPS in its most recent quarters from $0.02 to $0.04 to $0.08 and now $0.11 in its most recent quarter! Excluding amortization and share-based compensation, CCUR's latest trailing 12 month non-GAAP EPS is now $0.43, up from $0.35 at the end of 2Q 2013. CCUR's trailing non-GAAP EPS is expected to reach $0.50 for the full fiscal year of 2013 ending June 30th of this year!
CCUR's closest multi-screen VOD/live TV delivery software rivals are SEAC and HLIT, which currently have P/Es of 25 that would value CCUR today at $10.75 based on its latest non-GAAP EPS of $0.43 and $12.50 based on its estimated year-end 2013 non-GAAP EPS of $0.50! CCUR's EPS is rising while SEAC and HLIT continue to report declining EPS. This means CCUR most likely deserves a P/E of 30, which will value CCUR at $15 based on full year non-GAAP EPS of $0.50! CCUR could double to $15 fast!