CCUR just signed huge Time Warner Cable (TWC) multi-screen CDN deal and another with Virgin Media. (VMED). TWC is the #2 largest cable TV operator in the US and VMED is the #1 in the UK! CCUR's breakthrough technology is allowing them to expand their VOD capacity from a central location and deliver VOD and live TV services to tablets, smartphones, and other mobile devices over their new IP networks!
CCUR just reported last night that their 3Q revenues were $16.9 million their highest in 2 years and way ahead of estimates with GAAP EPS of $0.11 , which beat analyst estimates be 22.2%. CCUR has grown GAAP EPS in recent quarters from $0.02 to $0.04 to $0.08 and now $0.11. On a non-GAAP basis excluding amortization and share-based compensation, CCUR now has trailing 12 month non-GAAP EPS of $0.43, up from $0.35 at the end of 2Q 2013, and it will likely rise to $0.50 for the full fiscal year of 2013 ending June 30th.
CCUR's closest competitors SEAC and HLIT have P/Es of 25, which would value CCUR today at $10.75 based on its current non-GAAP EPS of $0.43 and $12.50 based on its estimated year-end non-GAAP EPS of $0.50! CCUR finished yesterday at $7.04 and could reach double digits by the end of this week!