Watch CCUR for Break of $8 this Afternoon, Could Explode to $12+
Concurrent (CCUR) only $7.91 about to break $8 resistance and explode to double digits within days, up 12 straight months and 8 of the past 9 trading days. Extremely undervalued with 9.2mm o/s $24.6mm in cash no debt, current enterprise value of only $48.17mm or just 0.77X its trailing revenue of $62.59mm. Huge gross margins of 58.81%. EPS last quarter was up 100% from previous quarter and up 300% from two quarters ago! CCUR's MediaHawk video on demand (VOD) has recently rated as #1 in the industry by Current Analysis ahead of Cisco (CSCO)'s VOD solution.
Virgin Media (VMED) the largest UK cable TV company with 3.8mm subscribers just selected CCUR's MediaHawk multi-screen video delivery platform over CSCO's multi-screen solution. CSCO received huge buzz in January after it announced their new cloud DVR product, but CCUR has superior cloud-based network DVR technology that it has been developing for many years and CCUR recently won a U.S. patent for technology that is foundational for network DVR services! Only CCUR's patented cloud-based network DVR technology solves the challenges of resource-allocation and management for the storage and distribution of content from a centralized, network-based system. Using factors such as demand, consumption level and timeliness of content, CCUR's technology enables automatic prioritization of resources for the ingest and delivery of content. This allows videos to record and playback at the same HD high quality of the original TV broadcast.
Cablevision/Optimum recently became the first cable TV company to launch a network DVR service over the cloud, using their own technology developed internally, and initial reviews have been extremely negative due to them compressing videos and playing them back in much lower quality than the original HD broadcast. CCUR is set to lead the new cloud-based network DVR space that will make traditional DVR boxes obsolete like VCRs!