The most undervalued NASDAQ stock today is CCUR and it is ready to skyrocket to new highs! CCUR just signed a shockingly huge Time Warner Cable (TWC) multi-screen CDN contract and another with Virgin Media. (VMED). TWC is the #2 largest cable TV provider in the US while VMED is #1 in the UK! CCUR's amazing market leading technology is allowing CCUR's dozens of multi-billion dollar cable TV clients to expand their video on demand (VOD) title capacity from a central location and begin delivering VOD and live TV services to tablets, smartphones, and other mobile devices over IP based networks!
Last night, CCUR reported 3Q revenues of $16.9 million, their highest in 2 years and way ahead of estimates of $16.3 million! CCUR also reported GAAP EPS of $0.11 beating analyst estimates by an amazing 22.2%. CCUR successfully ramped up its GAAP EPS in recent quarters from $0.02 to $0.04 to $0.08 and now $0.11. Excluding amortization and share-based compensation, CCUR now has trailing 12 month non-GAAP EPS of $0.43, up from $0.35 prior to last night's release of 3Q results! It will likely rise to $0.50 for the full fiscal year of 2013, which ends June 30th!
CCUR's main video delivery software competitors SEAC and HLIT have an average P/E of 25 that would value CCUR today at $10.75 per share based on its latest non-GAAP EPS of $0.43 and $12.50 per share based on its estimated 2013 year-end non-GAAP EPS of $0.50! CCUR finished yesterday at $7.04 and could rapidly soar to double digits! CCUR's rivals are losing money on a GAAP basis with declining non-GAAP EPS. Only CCUR is seeing its fundamentals rapidly move in a positive direction! CCUR could lead the market in percentage gains this month!