An undiscovered low float tech stock that's ready to make a large upward move, Concurrent (CCUR), is the company that is best positioned to lead the 2013 multi-screen video delivery spending boom in the pay-TV industry! CCUR appears ready to breakout big and explode, with only 8.72mm shares outstanding and a closing price yesterday of $6.75! CCUR has a huge cash position $24.6mm and no debt. CCUR's enterprise value is an insanely low $34.26mm, which is only 0.52X its annualized revenues of $66.4mm. CCUR's video business has captured the largest video-on-demand (VOD) market share, with a VOD reach of 50 million pay-TV households worldwide, and it is currently receiving no value!
Ericsson (ERIC) just announced that they are paying just under $200 million to acquire from Microsoft (MSFT) their Mediaroom multi-screen video delivery software division in order to increase their multi-screen reach by 11mm households. This will grow ERIC's multi-screen video reach to 16mm households for a 25% multi-screen market share. CCUR's MediaHawk multi-screen software is superior to Mediaroom and CCUR has multi-screen deals with the #1 largest cable TV companies in Germany, the UK, and Japan. These CCUR multi-screen clients have a total of 14.8 million subscribers, which will make CCUR second in this ready to boom tech space behind only ERIC!
CCUR spent $15mm to purchase their Media Data Intelligence business, which tracks the TV viewing of 35 million pay-TV subscribers across all screen types in real-time! CCUR also owns a separate "real-time" ultra high performance computer business with annualized revenue of $27.6mm. It has huge clients including 4 of the world's 5 largest defense contractors. This business alone is probably worth over $25mm.
CCUR's multi-screen video delivery business with $33.8mm in annualized revenue is not receiving any value at CCUR's current share price! CCUR is insanely undervalued with astronomical short-term upside potential and very limited risk!