An extremely undervalued stock ready to take off for huge percentage gains is Concurrent (CCUR), the company that is best positioned to lead the huge 2013 multi-screen video delivery technology spending boom in the pay-TV industry! CCUR looks to be ready to breakout big and explode, with only 8.72mm shares outstanding and a closing price yesterday of only $6.75! CCUR has a huge cash position $24.6mm and no debt. CCUR's enterprise value is an extremely undervalued $34.26mm, which is only 0.52X its annualized revenues of $66.4mm. CCUR's video business has captured the #1 largest video-on-demand (VOD) market share, with a VOD reach of 50 million households worldwide, and it is currently receiving no value!
Ericsson (ERIC) just announced that they are paying nearly $200 million to acquire from Microsoft (MSFT) their Mediaroom multi-screen video delivery software technology in order to increase their multi-screen reach by 11mm households. This will grow ERIC's multi-screen video reach to 16mm households for a 25% multi-screen market share. CCUR's MediaHawk multi-screen software is superior to Mediaroom and CCUR has signed multi-screen deals with the #1 largest cable TV companies in Germany, the UK, and Japan. These CCUR multi-screen clients have a total of 14.8 million subscribers, which will make CCUR second in this about to boom tech space behind only ERIC!
CCUR spent $15mm to purchase their Media Data Intelligence business, which tracks the TV viewing of 35 million pay-TV subscribers across all screen types in real-time! CCUR also owns a separate "real-time" ultra high performance computer business with annualized revenue of $27.6mm. Its clients include 4 of the world's 5 largest defense contractors. It is probably worth well over $25mm by itself.
CCUR's multi-screen video delivery business with $33.8mm in annualized revenue is not receiving any value at CCUR's current share price! CCUR is undiscovered but about to become one of the biggest plays on the NASDAQ!