Concurrent (CCUR) has one of the most bullish charts in the market today looks ready to explode to new highs. Currently $7.75 with 8.754mm o/s market cap of $67.84mm with $22.37mm in cash, no debt, enterprise value of only $45.47mm or just 0.72X revenue of $63.23mm. CCUR's operating margin has increased from 1.3% in 4Q2012, to 2.7% in 1Q2013, to 5.3% in 2Q2013, and 7.3% in 3Q2013. CCUR's GAAP EPS has increased from $0.02 in 4Q2012, to $0.04 in 1Q2013, to $0.08 in 2Q2013, and $0.11 in 3Q2013.
CCUR has the world's #1 largest video on demand (VOD) technology market share and is rapidly capturing a HUGE share of the multi-screen content delivery network (CDN) technology market! America's two largest cable TV operators Comcast and Time Warner Cable (TWC) just deployed their own CDNs to power multi-screen video delivery to the tablets, smartphones, and other IP connected devices of their subscribers. TWC has just deployed the multi-screen CDN technology of CCUR! TWC has 12 million subscribers and is using CCUR's multi-screen CDN software to power delivery of VOD and live-TV to iPads and iPhones, and will soon add other IP connected devices.
CCUR has only announced in a press release that they have signed a multi-screen CDN deal with a Top 5 North American MSO, but CCUR's CDN joint venture partner Velocix, a division of Alcatel-Lucent, has confirmed their deployment with TWC. CCUR also recently announced a similar CDN deal with Virgin Media (VMED) the largest cable TV operator in the UK with 3.8 million subscribers.
CCUR has trailing twelve month non-GAAP EPS of $0.43 and is expected to finish fiscal year 2013 ending June 30th with non-GAAP EPS of $0.50. CCUR's close rival Seachange (SEAC) just reported fiscal year 2013 non-GAAP EPS of $0.48, and SEAC's trailing non-GAAP EPS will likely fall to $0.44 after 1Q 2014 results. SEAC is currently $10.97 with a P/E of 25, which would value CCUR at $12.50 per share based on expected fiscal 2013 non-GAAP EPS of $0.50!