There is a huge NY Times article out yesterday about viewers beginning to embrace video on demand (VOD) services being offered by their cable TV companies. Concurrent (CCUR) is providing the VOD technology being used by Time Warner Cable, Cox, Bright House, Charter, and many others. CCUR has 212 VOD deployments across 4 continents giving them a 30% market share and reach of 50 million VOD households.
CCUR is currently only $7 with 8.75mm o/s a market cap of $61.28 million with $22.37mm in cash and an enterprise value of $38.91mm or just 0.61X revenue of $63.23mm. CCUR's main rival Seachange (SEAC) has an enterprise value/revenue ratio of 1.69 and this would value CCUR at $14.76 per share!
CCUR's EPS has been ramping up big time from $0.02, to $0.04, to $0.08, and to $0.11 over the past four quarters! No other stock is seeing their EPS grow this fast!