Concurrent (CCUR) is about to become the #1 hottest Big Data play on Wall Street. Today is the start of IBC 2013 in Amsterdam and the big buzz word is Big Data. CCUR is the #1 Big Data company serving the pay-TV industry. CCUR's Media Data Intelligence software is already being used to measure the activity of 35 million pay-TV subscribers worldwide and CCUR has already processed 15 billion media transactions.
Yesterday, CCUR was awarded an extremely valuable patent that covers targeted advertising on Electronic Program Guides (EPGs). As pay-TV operators launch new personalized cloud-based EPGs and begin to roll out targeted EPG advertising, they will be required to license CCUR's technology! This was CCUR's second huge patent win of the past month. CCUR also just won a patent covering demand based caching of video content at the edge of a CDN, a technology that enables innovative new services like cloud-based Network DVR (nDVR).
This weekend at IBC 2013, CCUR will unveil breakthrough new technologies that will revolutionize the pay-TV industry - including its nDVR solutions, which will make today's DVR boxes obsolete and save the industry billions. CCUR is the company that pioneered video on demand (VOD) in the U.S. and today the VOD industry is booming. CCUR's new CDN assisted VOD technology being unveiled this weekend, will allow pay-TV operators to efficiently and cost-effectively expand their VOD storage capacity from 5k-10k titles to 100k-500k titles, while expanding VOD delivery to the second screen!
CCUR has an enterprise value (EV) at $7.91 of only $41.39mm with revenues of $63.44mm and adjusted-EBITDA of $9.04mm. CCUR is extremely undervalued with an EV/revenue ratio of 0.65 and EV/adjusted-EBITDA ratio of 4.58. CCUR's main rivals SEAC and HLIT have an average EV/revenue ratio of 1.45, which values CCUR at $13.68. They also have an average EV/adjusted-EBITDA ratio of 12.50, which values CCUR at $16.08. CCUR could explode to $13.68-$16.08 next week!