Very few people know about Concurrent (CCUR) but it has the potential to double in the short-term! If you subscribe to a cable TV service there's a good chance you use their technology daily to watch video on demand (VOD) content. CCUR was first company ever to launch a commercial VOD service for their client Time Warner Cable (TWC), who is now on their 6th generation of CCUR's technology. CCUR holds a 30% market share of the VOD industry! CCUR is breaking out big and has the most bullish chart!
CCUR ran from $7 to $200+ during the VOD boom and is now about to prosper from the multi-screen boom. It was just announced NCAA March Madness online streams are up 158% so far this year with 60% of them to tablets/smartphones! CCUR is bridging the gap between VOD and today's new IP connected world of mobile devices! CCUR recently signed a new huge multi-screen deal to power the tablet/smartphone platform of Virgin Media (VMED) the largest cable TV company in the UK. CCUR is already powering a similar service for Jupiter, Japan's largest cable TV company.
CCUR's non-GAAP EPS last year was $0.35 and CCUR is already on track to earn non-GAAP EPS this year of at least $0.50! CCUR at $7 per share has only 9.2mm o/s, a market cap of $64.4mm with $24.6mm in cash, no debt, and a low enterprise value of only $39.8mm or just 0.62X its revenue of $62.59mm! CCUR's closest rival Seachange (SEAC) is trading with an enterprise value of 1.75X revenue, which would value CCUR over $14!