The stock with the biggest short-term upside potential is Concurrent (CCUR). The company announced last night that they are increasing their quarterly cash dividend by 100% from $0.06 to $0.12 with their first $0.12 quarterly cash dividend being paid to shareholders later this month! This equals an annual dividend of $0.48 and CCUR closed yesterday at only $7.08 per share for a HUGE 6.8% yield!
CCUR's Mediahawk VX on demand video server technology has the most deployments worldwide by pay-TV companies providing video on demand (VOD) services and just surpassed Cisco (CSCO)'s CDE 250 to become the #1 highest rated VOD product used by pay-TV companies! Over the past 4 quarters, CCUR's operating profit has increased from $187,000 to $413,000 to $876,000 and to $1,233,000 for growth over the past year of 559%! CCUR's profits could continue to soar this quarter with the recent signing of a HUGE new deal with Virgin Media! CCUR's CDN technology is powering their new Virgin TV Anywhere service, which delivers linear and on demand TV to the tablets and smartphones of Virgin's 3.8 million pay-TV subscribers!
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 in calendar year 2013! A P/E of between 20 and 30 based on potential full year non-GAAP EPS of $0.64 would value CCUR between $12.80 and $19.20 per share! Researching CCUR today will be the smartest move of your life!