PTGI's largest shareholders now own Concurrent (CCUR), which could be the next stock to explode like PTGI is this morning! CCUR is going to prosper from this year's huge multi-screen video delivery spending boom in the pay-TV industry! CCUR looks ready to explode big time in the upcoming weeks, with only 8.72mm shares outstanding and a share price of $6.75. CCUR has a huge cash position $24.6mm and no debt. CCUR's current enterprise value is only $34.26mm! This is only 0.52X its annualized revenue of $66.4mm. CCUR's video business has captured the #1 largest video-on-demand (VOD) market share! It has a VOD reach of 50 million households worldwide, but is receiving no value!
Ericsson (ERIC) just announced that they are spending just under $200mm to acquire from Microsoft (MSFT) their Mediaroom multi-screen video delivery software business in order to increase their multi-screen reach by 11 million pay-TV households to 16 million households for a 25% multi-screen market share. CCUR's MediaHawk multi-screen software is superior to Mediaroom and CCUR has already signed multi-screen contracts 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 #2 in this booming market behind only ERIC.
CCUR spent $15mm to acquire their Media Data Intelligence division, which tracks the TV viewing behavior of 35mm pay-TV subscribers across all screens. CCUR also owns a "real-time" ultra high performance computer business with annualized revenue of $27.6mm. It powers simulation devices for 4 of the world's top 5 defense contractors and is probably worth well over $25mm.
CCUR's multi-screen/VOD video business with $33.8mm in annualized revenue is not receiving any value at CCUR's current share price! With major industry consolidation taking place, CCUR looks ready to soar to double digits! A huge breakout for CCUR appears imminent!