Forget North Korea, CCUR Practically a Sure Thing to Explode Upward!
Concurrent (CCUR) at its current price of $6.49 per share with an enterprise value of only $35.1 million, in NIA's opinion, is practically a sure thing to explode upward in the days ahead! NIA predicts we will see CCUR make the NASDAQ's biggest percentage gainers list at least once before the end of this week!
CCUR closed Monday almost as low as NIA's initial February 1st suggestion price of $6.40. The last time CCUR dipped this low on February 26th, it made a big 13% bounce back to $7.32 the very next day and rapidly bounced all the way to $8.05. NIA believes CCUR will bounce back to $8 much faster this time and there won't be any more resistance left at $8!
If you missed CCUR's last bounce from $6.48 to $8.05, don't miss this upcoming bounce that NIA strongly believes will take CCUR into double digits before it faces any meaningful resistance. CCUR most likely fell yesterday due to only one big seller who became impatient for personal reasons that had nothing to do with CCUR and its fundamentals. Just look at CCUR's two closest comparisons: Harmonic (HLIT) finished Monday up $0.13 to $5.68, and Seachange (SEAC) finished Monday up $0.11 to $11.39! CCUR was the only company in this space that fell big yesterday, and there was absolutely no reason for it! CCUR is practically a sure thing to explode back upward extremely fast in the days ahead, in NIA's opinion!
NIA sees no way possible for CCUR to get cheaper. CCUR is already trading almost as low as HLIT. In fact, excluding their cash positions, CCUR is already trading lower than HLIT! CCUR has $2.67 per share in cash vs. HLIT's $1.75 per share in cash. If we subtract each company's cash per share from their current share prices, CCUR's business is currently worth $3.82 per share, while HLIT's business is currently worth $3.93 per share!
HLIT in 1Q 2012 generated non-GAAP EPS of $0.03 and GAAP EPS of negative ($0.06)
HLIT in 2Q 2012 generated non-GAAP EPS of $0.06 and GAAP EPS of breakeven $0.00