This ALU Partner is Exploding, Could Make Biggest Percentage Gain of the Week!
Concurrent (CCUR) is working closely with ALU in the video CDN space for video delivery to IP-devices! CCUR is so extremely undervalued at its current price of $7 that its video business is receiving no value at all! March Madness online streams were up 158% this year to 45mm with 60% to mobile devices. CCUR will capitalize big on this with their MediaHawk multi-screen video delivery platform for IP-connected mobile devices!
CCUR's market cap at $7 is only $64.4mm with $24.6mm in cash and an insanely low enterprise value of $39.8mm! CCUR paid $15mm for their media data intelligence business, leaving only $24.8mm in value for their two main businesses!
CCUR's real-time business has many multi-billion dollar clients like GE, Boeing, Lockheed Martin, Northdrop Grumman, Raytheon, Mitsubishi Heavy Industries, Ferrari, Rolls-Royce, Daimler, Saab, Porsche, Fiat, and Thales. CCUR's real time technology powers the time-critical simulation devices of defense contractors, automakers, and aerospace companies. It has $27.6 million in annualized revenue and should be valued at a minimum of $25 million.
Shockingly, CCUR's video solutions business is receiving 0 value at $7 per share! CCUR's video business holds a 30% video on demand (VOD) market share with 4 of America's 6 largest cable TV companies as clients. CCUR's international video clients including the #1 pay-TV companies in Canada, the UK, Germany, Portugal, Japan, and China. CCUR's video business has a global reach of 50 million cable TV subscribers with $33.8 million in annualized revenues! CCUR earned 2012 non-GAAP EPS of $0.35 and currently has annualized non-GAAP EPS of $0.50.
CCUR's rival SEAC is expected to report non-GAAP EPS of $0.40 this evening and it's already trading for $11.25 per share! CCUR looks ready to explode past $10 and possibly as high as $15 this month so that its video business finally reaches a fair valuation!