There were 45mm online streams last month of the NCAA March Madness Basketball Tournament up 158% from last year with a shocking 60% over mobile devices! Concurrent (CCUR) is an undiscovered and very undervalued low float stock that could benefit most from this!
CCUR's MediaHawk technology supports multi-screen video delivery in any video format, to any IP connected device, over any type of video network. CCUR in 1999 became the first company to introduce a commercial video on demand (VOD) service, which they deployed for Time Warner Cable. CCUR now holds a 30% market share of the VOD tech space and has 212 VOD deployments throughout different 4 continents and a huge 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 now that cable TV operators are about to upgrade their VOD systems, we will soon see a huge 2013 multi-screen video delivery technology spending boom in support of video streams to tablets and smartphones! CCUR just signed Virgin Media (VMED) the #1 cable TV provider in the UK worth $23 billion. CCUR is beginning to power VMED's recently launched Virgin TV Anywhere service for mobile devices. CCUR is powering a similar multi-screen service 'Xvie' for Jupiter, the #1 cable TV company in Japan!
CCUR finished last week at only $7.24 per share with 9.2mm shares outstanding and a very low market cap of $66.6mm with $24.6mm in cash, no debt, and an enterprise value of just $42mm or just 0.67X its $62.59mm in trailing revenues! CCUR's EPS has been exploding, with last quarter's EPS being double the previous quarter and quadruple two quarters ago! CCUR's main VOD/multi-screen rival Seachange (SEAC) is losing money, yet it's trading with an enterprise value/revenue ratio of 1.76, which would value CCUR at approximately $15 per share. Both companies have been rumored takeover targets since 2006!