Low Float Mobile Play Signs Deal to Power Virgin's New TV Anywhere Smartphone/Tablet Video Service!
Concurrent (CCUR) breaking out in recent days looks ready to explode later today to new 52-week highs. CCUR at $7.76 has only 9.2mm o/s and a market cap of only $69.28mm with $24.6mm in cash no debt and enterprise value of $46.79mm or just 0.75x its revenue of $62.59mm. CCUR is the global video on demand leader with reach of 50mm homes worldwide and about to capitalize this year on pay-TV service providers investing heavily into new multi-screen video infrastructure. CCUR this week announced that Virgin Media (VMED) the largest cable TV company in the UK will be using CCUR's MediaHawk to allow their 3.8mm subs to watch on demand content on their tablets and smartphones through their new Virgin TV Anytime service! CCUR's EPS last quarter was up 100% from previous quarter and up 300% from two quarters ago. CCUR's main competitor Seachange (SEAC) is losing money yet it hit a new 52-week high today and is trading with an enterprise value/revenue ratio of 1.9, which would value CCUR over $15.50! CCUR could double very quickly! Take a look at its chart right away!