Cisco (CSCO)'s competitor Concurrent (CCUR) just announced they are raising their quarterly cash dividend from $0.06 to $0.12 , an increase of 100%, with their next quarterly cash dividend being paid to shareholders this month! This equals an annual dividend of $0.48 and CCUR closed yesterday at an extremely undervalued $7.08! CCUR's dividend yield is now an insanely high 6.8%!
CCUR's Mediahawk VX on demand video server technology just surpassed Cisco (CSCO)'s CDE 250 to become the #1 highest rated VOD product used by pay-TV companies, according to Current Analysis (industry leading unbiased review source)! Over the past 4 quarters, CCUR's operating profit has skyrocketed from $187,000 to $413,000 to $876,000 and to $1,233,000 for HUGE growth of 559%!
Last quarter, excluding share-based compensation and non-cash amortization, CCUR earned non-GAAP EPS of $0.16! This puts CCUR on track to earn non-GAAP EPS of $0.64 this calendar year! A P/E of just 20 to 30 based on potential full year non-GAAP EPS of $0.64 would make CCUR a $12.80 to $19.20 per share stock! CCUR looks ready to explode into double digits in the upcoming days!
CCUR's profits could continue to rapidly increase in the upcoming quarters with the recent signing of a HUGE contract with Virgin Media! CCUR's MediaHawk VX unified CDN solution will be used to support Virgin TV Anywhere, a new cloud-based entertainment service that gives customers the flexibility to enjoy their favorite TV content on computers, laptops, tablets and smartphones! CCUR is breaking out big and looks ready to skyrocket to new highs!