CCUR is Ready to Run Like JRCC Tomorrow - Must Read!
The company that is leading the hottest tech space of 2013, multi-screen CDN video delivery, Concurrent (CCUR), just signed a huge Time Warner Cable (TWC) multi-screen CDN deal and reached a similar agreement with Virgin Media. (VMED). TWC is the #2 largest cable TV company in the US and VMED is the #1 in the UK! CCUR's innovative CDN technology is allowing their lucky pay-TV clients (which also includes Cox, the #3 cable TV operator in the US) 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 IP networks!
The pay-TV industry is beginning to transition from RF to new all IP based networks, and only CCUR's VOD multi-screen technology allows pay-TV companies to continue offering their traditional VOD services, while expanding their VOD library size and adding delivery to mobile IP connected devices! CCUR's business is booming yet the stock is undiscovered and very undervalued!
They reported last night that their 3Q revenues were $16.9 million their highest in 2 years and ahead of average analyst estimates! CCUR also reported GAAP EPS of $0.11 , which beat analyst estimates by 22.2%. CCUR has grown its quarterly GAAP EPS from $0.02 to $0.04 to $0.08 and now $0.11, in its most recent four quarters respectively. On a non-GAAP basis excluding amortization and share-based compensation, CCUR now has trailing 12 month non-GAAP EPS of $0.43, which is up big from $0.35 at the end of 2Q 2013, and is likely to rise big once again to $0.50 for the full fiscal year of 2013 ending June 30th.
CCUR's main rivals 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 in the days ahead! CCUR will be discovered this evening and thousands of people will read about CCUR's amazing earnings results!