Low Floater Signs Deal to Power Virgin TV Anywhere Service, Could Double Next Week!
Concurrent (CCUR) low floater, completely undiscovered - CCUR holds the largest market share of the global video on demand (VOD) industry and has 6 of the 8 largest cable TV companies in the U.S. as VOD clients. CCUR's business is about to boom big this year as cable TV operators begin investing heavily to expand their content to IP connected devices like tablets and smartphones. CCUR has developed the industry's leading multi-screen video delivery platform MediaHawk and Virgin Media (VMED) just announced that they are using it to power their new Virgin TV Anywhere service! VMED is a $23 billion company with 3.8 million subscribers! CCUR's net income last quarter was up 100% from previous quarter and up 300% from two quarters ago! CCUR pays a big dividend and has huge gross margins of 58%. Their main rival Seachange (SEAC) has gross margins of only 50% yet it's trading with enterprise value/revenue ratio of 1.9x revenue, which would make CCUR a $15.60 per share stock. Look at CCUR's chart, it looks ready to explode!