I Discovered the Next NFLX, it Looks Ready to At Least Double by End of September
Concurrent (CCUR) released HUGE news yesterday that they are now shipping the new generation of their MediaHawk VX solution, which will now allow its pay-TV operator clients like Time Warner Cable, Cox, Charter, Bright House, Virgin Media, Kabel Deutschland, and Rogers - to launch over-the-top (OTT) video services beyond the boundaries of their networks - to compete directly with Netflix (NFLX)! CCUR will be unveiling and demonstrating this breakthrough new technology from Friday through Tuesday at IBC 2013 in Amsterdam!
IBC 2013 is this year's biggest event for pay-TV tech vendors. CCUR will also be unveiling and demonstrating its long-awaited patented Network DVR solution. CCUR will allow its clients to offer fully featured DVR services through the cloud without the need to manufacture costly DVR boxes. Consumers will benefit from the ability to record many different TV shows simultaneously - with infinite cloud-based storage capacity - and the ability to playback content on any Internet-connected device without a set-top box!
CCUR already holds the #1 VOD platform market share and #1 Big Data Analytics market share in the pay-TV industry. VOD popularity is booming in America now that VOD counts towards TV ratings. Networks are making all of their programming available via free on demand and CCUR's profits are soaring from its clients upgrading their VOD systems to support much larger content libraries. CCUR's Big Data Analytics technology is being used to extract VOD viewership data from set-top boxes for the TV ratings companies.
CCUR is only $7.85 per share and has $3.19 per share in cash and no debt. CCUR has Non-GAAP Operating Income of $0.77 per share and Adjusted-EBITDA of $1.02 per share. CCUR's two VOD rivals SEAC and HLIT trade with an average EV/Non-GAAP Operating Income ratio of 17.79, which values CCUR at $16.88 per share. SEAC and HLIT also trade with an average EV/Adjusted-EBITDA Ratio of 12.59, which values CCUR at $16.17 per share!