Perhaps More Undervalued than Any Other NASDAQ Stock!
CCUR in the past decade has obtained the #1 video on demand (VOD) market share with a reach of 50mm pay-TV households! The #2 VOD market share leader SEAC has a $353mm market cap or 6X larger than CCUR's $62mm market cap! CCUR recently captured the #1 multi-screen CDN market share with a reach of 18mm pay-TV households! The #2 multi-screen CDN market share leader ERIC has a $39B market cap or 629X larger than CCUR's $62mm market cap!
CCUR just reported 3Q results that blew away analyst estimates! It was CCUR's highest revenue quarter in 2 years and highest EPS quarter in 3 years! In their 3Q results press release, CCUR announced that last quarter it signed a Top 5 North American MSO as its new multi-screen CDN client. CCUR confirmed on their conference call that this new huge multi-screen CDN client has already been one of their largest classic VOD clients for the past decade!
2 of the Top 5 North American MSOs have been CCUR VOD clients for many years - Time Warner Cable (TWC) and Cox - and overall they have been CCUR's top 2 revenue generating clients, respectively! TWC has been making major headlines about their new IP CDN in Denver, which is powering their just launched iOS app that now delivers streams of VOD and live-TV to the iPhones and iPads of TWC subscribers no matter where they are located! CCUR's breakthrough CDN technology makes this possible!
For the second largest U.S. cable TV operator with over 12mm subscribers to select CCUR's IP CDN technology, provides a tremendous validation that CCUR will be the long-term multi-screen CDN leader! CCUR and SEAC together dominated the VOD market ever since CCUR launched the world's first commercial VOD service in 1999 in a deployment for TWC! CCUR in recent years helped TWC expand its VOD infrastructure to launch new innovative "start over" technology that ingests live TV while simultaneously preparing it for immediate playback! A stunning 70% of TWC's subscribers use it an average of 5-10 times monthly!