CCUR Breaking Out Big, 100% Dividend Increase! Low Float!
This low float stock looks ready to explode. Concurrent (CCUR) announced last night they are increasing their quarterly cash dividend from $0.06 to $0.12 , an increase of 100%, with their next quarterly cash dividend being paid to shareholders this month! This equals an annual dividend of $0.48 and CCUR closed yesterday at an extremely undervalued $7.08! CCUR's dividend yield is now an insanely huge 6.8%!
CCUR's Mediahawk VX on demand video server technology just surpassed Cisco (CSCO)'s CDE 250 to become the #1 highest rated VOD product used by pay-TV companies, according to Current Analysis (industry leading unbiased review source)! Over the past 4 quarters, CCUR's operating profit has skyrocketed from $187,000 to $413,000 to $876,000 and to $1,233,000 for HUGE trailing 12 month growth of 559%!
CCUR's profits could continue to rise very rapidly in the upcoming quarters with the recent signing of a HUGE contract with Virgin Media! CCUR's MediaHawk VX unified CDN solution will be used to support Virgin TV Anywhere, a new cloud-based entertainment service that gives customers the flexibility to enjoy their favorite TV content on computers, laptops, tablets and smartphones!
Last quarter, excluding share-based compensation and non-cash amortization, CCUR earned non-GAAP EPS of $0.16! This puts CCUR on track to earn non-GAAP EPS of $0.64 this calendar year! A P/E of just 20 to 30 based on potential full year non-GAAP EPS of $0.64 would make CCUR a $12.80 to $19.20 per share stock! CCUR could be the biggest play in the market next week!