Today's Hottest Play and Largest Percentage Gainer for This Full Week
Concurrent (CCUR) on Sunday at IBC 2013 unveiled its breakthrough cloud-based multi-screen Network DVR (nDVR) technology that will soon replace today's DVRs that are in 1/2 of the world's TV households. Early this morning, CCUR became the world's first pay-TV tech vendor to announce a major nDVR deployment! It's a multi-screen nDVR deployment with Portugal's largest pay-TV operator - and it is now being utilized to record/playback content on TVs, PCs, tablets, and smartphones!
CCUR's deal is with ZON Multimedia. CCUR has allowed ZON to enhance its Iris multi-screen service offering with advanced nDVR features! It is being branded as Timewarp and allows consumers to record any live TV program on more than 70 channels and view it up to seven days after airing. Users can record multiple channels simultaneously and playback recorded programs on-demand using any device. This is the world's first service of its kind! CCUR is pioneering nDVR just like it pioneered VOD back in 1999.
After launching the world's first VOD service in 1999, CCUR rose from $31.25 in April/1999 to a high of $240.63 in January/2000 for a gain of 670% in 9 months and a market cap of $1 billion+. CCUR fell to a low of $40 in December/2000 due to the tech bubble bursting. Over the following 13 months, CCUR bounced by 325% to a high of $170 in January/2002 and again had a market cap of $1 billion+.
CCUR recently reported its first profitable full fiscal year since 2002 when the stock was $170 per share with an EV/revenue ratio of 12.80. Today, CCUR is only $7.83 per share with an EV/revenue ratio of 0.64. CCUR has stronger fundamentals than the other pay-TV tech vendor pure play Seachange (SEAC), yet SEAC currently has an EV/revenue ratio of 1.66. From 1999-2002, CCUR spent 46 out of 48 months with a higher EV/revenue ratio than SEAC. Today's news will send CCUR soaring very rapidly to SEAC's EV/revenue ratio of 1.66, which will value CCUR at $15.20 per share! CCUR pays a HUGE 6.1% dividend yield!