Concurrent (CCUR) is about to become the #1 largest percentage gainer in the market next week. This weekend at IBC 2013, CCUR will be unveiling and demonstrating breakthrough new technologies that will revolutionize the pay-TV industry including its long-awaited cloud-based Network DVR solution, its new innovative CDN assisted VOD solution that will revolutionize the cost effectiveness of scaling content libraries, its new MediaHawk software that now allows pay-TV operators to launch OTT video services and compete with Netflix, as well as its dramatically improved Big Data Analytics software that measures subscriber viewing across all screens and devices in real-time. FYI, there are only two other Big Data Analytics stocks: SPLK and DATA - look at their incredible valuations!
Just yesterday, CCUR was awarded an extremely valuable patent that covers targeted advertising within Electronic Program Guides (EPGs). Pay-TV operators are investing many millions to launch new cloud-based personalized EPGs - and operators who wish to sell targeting EPG advertising will need to license CCUR's patented technology. CCUR's patent application was filed back in 2004 and it look 9 years for approval, which indicates many others were attempting to patent the same technology that CCUR was awarded a patent for! CCUR's unexpected patent win could easily be worth well over $10mm. CCUR deserves to immediately reach new 52-week highs above $8.95.
CCUR is sitting on a huge $27.93 million cash position with no debt. 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!