Low Floater Ready to Explode Today, Add to Radar Screen
Concurrent (CCUR) nobody knows about this stock but the company holds the world's largest video on demand (VOD) market share with 6 of top 8 U.S. cable TV companies as clients. CCUR's EPS has been exploding big time in recent quarters and will likely continue to with the 2013 multi-screen video delivery spending boom ahead, as cable TV service providers spend billions to upgrade their infrastructure to delivery content to IP connected devices. Virgin Media (VMED) the largest cable TV company in the UK just chose CCUR's MediaHawk multiscreen solution over the solutions of Cisco (CSCO) and Seachange (SEAC), two companies that are trading with enterprise value/revenue ratios of 1.90. CCUR is currently $7.71 per share with only 9.2mm o/s $24.6mm in cash no debt enterprise value of only $46.33mm or just 0.74x revenue of $62.59mm. CCUR is about to rapidly rise to a multiple matching CSCO and SEAC, which will value CCUR at $15.60 per share. Look at CCUR's chart and watch it closely today for a huge breakout to above $8 and to new 52-week highs! Double digits are coming next week!