Concurrent (CCUR) could explode BIG this afternoon from its current price of $7.83! Its video on demand (VOD) tech rival Harmonic (HLIT) just exploded this morning by $0.97 or 14% to a new 52-week high of $7.93 after reporting 2Q non-GAAP EPS of $0.05 beating analyst estimates of $0.01 by $0.04, but HLIT still lost ($0.03) on a GAAP basis. CCUR earned GAAP EPS of $0.11 last quarter up 175% year-over-year, and is expected to report fiscal 4Q GAAP EPS next month of $0.09 up 350% year-over-year!
If CCUR reports fiscal 4Q GAAP EPS of $0.09 like estimated, it will likely equal 4Q non-GAAP EPS of about $0.14, nearly triple HLIT's 2Q non-GAAP EPS of $0.05! (CCUR's 4Q is equal to HLIT's 2Q.)
CCUR currently has trailing twelve month non-GAAP EPS of $0.43 and it will likely rise to $0.50 following their 4Q results next month! HLIT had trailing twelve month non-GAAP EPS of $0.21, but it just fell to $0.20 because their 2Q non-GAAP EPS of $0.05 was down from $0.06 last year!
With HLIT rising to $7.93 this morning it's trading with a non-GAAP P/E of 39.65. This same P/E would value CCUR at $17.05 today and could potentially value CCUR at $19.83 next month following their 4Q results! CCUR pays a HUGE dividend yield of 6.1% and HLIT doesn't pay any dividend at all!