This Week's Huge Breakout Play, Could Finish Week with Largest Percentage Gains!
There were 45mm NCAA March Madness streams last month up 158% from a year ago with an unbeleivable 60% of them to mobile devices! Concurrent (CCUR) is the world's biggest opportunity to become wealthy from this booming trend!
CCUR's MediaHawk technology supports multi-screen video delivery in any video format, to any IP connected device, over any type of network. CCUR became the first company to introduce a commercial video on demand (VOD) service in 1999, and today CCUR holds a 30% market share of the VOD tech space and has 212 VOD deployments across 4 continents and a reach of 50 million VOD homes!
CCUR's clients in the U.S. include Time Warner Cable, Cox, Charter, and Bright House. CCUR skyrocketed from $7.50 to $200+ per share during the VOD boom over a decade ago and we are now beginning to see a new boom of cable TV operators rushing to upgrade their VOD infrastructure in support of multi-screen video delivery to mobile devices! CCUR just signed Virgin Media (VMED) the UK's #1 cable TV operator with 3.5 million subscribers. CCUR just started powering VMED's brand new Virgin TV Anywhere service, which streams live TV and on demand content to tablets/smartphones!
CCUR is currently only $7 with 9.2mm o/s, a market cap of $64.4mm, with $24.6mm in cash for an enterprise value of $39.8mm. After subtracting the $15mm that CCUR paid for their media data intelligence business, only $24.8mm in value is left for CCUR's two main businesses. CCUR's real-time business has been around for 47 years and works with the majority of the world's leading defense contractors and auto makers! It has $27.6mm in annualized revenue and is worth a minimum of $25mm.
This means CCUR's extremely profitable video business with $33.88mm in annualized revenue and annualized non-GAAP EPS of $0.50 is currently receiving no value at all! CCUR's video rival SEAC is estimated to report non-GAAP EPS of $0.40 this evening and it's trading for $11.22 per share. CCUR could rapidly rise to $12-$15!