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Vringo, Inc. Message Board

  • jtdmnf533 jtdmnf533 Mar 28, 2013 2:45 PM Flag

    VRNG Players Likely to Move to CCUR, Looks Ready to Explode

    Concurrent (CCUR) breaking out this afternoon could gap up Monday and explode. CCUR holds largest market share in video on demand (VOD) industry with reach of 50 million homes worldwide. Rapidly expanding into new multi-screen video delivery solutions. Pay-TV service providers are about to spend billions upgrading their traditional VOD technology to reach a growing array of connected devices. Yesterday, Virgin Media the largest cable TV company in the UK announced that they will be using CCUR's MediaHawk technology to power their new Virgin TV Anywhere service that allows their 3.8 million subscribers to watch TV and on demand videos from any locations on their tablets and smartphones. With $24.6mm in cash and no debt, CCUR's enterprise value at $7.84 is only $47.5 million or 0.76x their trailing revenues of $62.59 million. CCUR's main rival Seachange (SEAC) has an enterprise value of 1.89x revenues, which would make CCUR a $15.50+ stock. CCUR has higher gross margins than SEAC and while SEAC lost money in the trailing twelve months, CCUR has reported four consecutive quarters of profitability with its EPS rapidly growing on a quarter-to-quarter basis.

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