CCUR just reported blow out 3Q earnings due to their huge just signed Time Warner Cable (TWC) multi-screen CDN deal. CCUR also recently signed another with Virgin Media. (VMED) that will begin adding to CCUR's 4Q revenues and profits!. TWC is the #2 largest cable TV operator in the US and VMED is the #1 in the UK! CCUR's breakthrough technology is allowing them to expand their VOD capacity from a central location and deliver VOD and live TV services to tablets, smartphones, and other mobile devices over their new IP networks!
CCUR reported last night that their 3Q revenues were $16.9 million their highest in two years and way ahead of analyst estimates with GAAP EPS of $0.11 , which beat analyst estimates be 22.2%. CCUR has grown GAAP EPS in recent quarters from $0.02 to $0.04 to $0.08 and now $0.11. On a non-GAAP basis excluding amortization and share-based compensation, CCUR now has trailing 12 month non-GAAP EPS of $0.43, up from $0.35 at the end of the 2Q of 2013. CCUR's trailing non-GAAP EPS will likely rise to $0.50 for the full fiscal year of 2013 ending June 30th.
CCUR's closest competitors are SEAC and HLIT, which have P/Es of 25. A P/E of 25 would value CCUR now at $10.75 based on its current non-GAAP EPS of $0.43 and $12.50 based on its estimated year-end non-GAAP EPS of $0.50! CCUR finished yesterday at $7.04 and is about to explode past its $8 and hit new 52-week highs tomorrow after their earnings news spreads tonight! Double digits will be here very soon!