This year's 45 million NCAA March Madness online streams were up 158% from last year with 60% of them to mobile devices! CCUR is an extremely undervalued low float stock with industry leading MediaHawk technology that can deliver any video format, to any screen, over any network! CCUR is the leading VOD middleware company with a 30% VOD market share and a reach of 50mm VOD households.
CCUR is now focused on achieving the same level of success in the rapidly growing multi-screen video solutions market, which is currently in its infancy but will eventually grow to a size that is at least 10X larger than the current VOD market. CCUR is the only company with a multi-screen video solution that bridges the gap between traditional VOD services and today's new world of IP connected devices and CDNs. CCUR has so far completed two major multi-screen deployments for the #1 pay-TV companies in the UK and Japan, for total early multi-screen reach of 6.3mm households!
ERIC this week announced that it is paying MSFT just under $200mm to acquire their Mediaroom multi-screen video solutions, with a current reach of 11mm households. After ERIC's deal to acquire Mediaroom closes, ERIC will have a total multi-screen reach of 16mm households for an early multi-screen market share of 25%.
If MSFT's Mediaroom is worth nearly $200mm, mainly due to its reach of 11mm households, CCUR's MediaHawk with an early multi-screen reach of 6.3mm households should be worth around $100mm. CCUR at $7.16 per share is receiving no value for its extremely profitable video solutions business that has $33.8mm in annualized revenue! For this business to be worth $100mm or less than 3X sales, CCUR needs to rise 164% to $18.88 per share!