Perhaps the most innovative and extremely undervalued small-cap software stock on the NASDAQ today is Concurrent (CCUR). It could potentially double very quickly in the weeks ahead. Almost nobody is aware of CCUR yet, but their EPS has been rapidly ramping up from $0.02, to $0.04, to $0.08, and $0.11, over the most recent four quarters! CCUR is currently only $7.09 with 8.75mm outstanding shares, a market cap of $62.07mm, cash of $22.37mm, an enterprise value of $39.7mm, and revenues of $63.23mm!
CCUR is the pay-TV industry's market share leading VOD and multi-screen software company with many extremely large clients like Time Warner Cable, Virgin Media, Cox, Charter, Bright House, and Rogers. CCUR's new IP CDN technology allows pay-TV operators to combine their classic RF-based VOD infrastructure with their newly deployed IP-based networks to deliver VOD to tablets, smartphones, and other IP connected mobile devices, while rapidly and cost effectively expanding the amount of on demand content that they provide to their customers. CCUR's IP CDN software solutions now deliver VOD programming to the iOS and Android mobile devices of Time Warner Cable's 12 million TV customers!
CCUR's main competitors are SEAC, which has gross margins of 52% and an enterprise value/revenue ratio of 1.65, and HLIT, which has gross margins of 46% and an enterprise value/revenue ratio of 0.90. CCUR has much larger gross margins of 59% and is very undervalued with an enterprise value/revenue ratio of just 0.63. CCUR has record trailing GAAP EPS of $0.25 while SEAC and HLIT currently have GAAP EPS losses. CCUR needs to soar to a new 52-week high of over $9 to reach HLIT's ratio and $14.47 to reach SEAC's ratio! Soon CCUR will soon revolutionize the pay-TV industry with their new cloud based network DVR technology that will make today's physical DVR boxes obsolete!