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Cisco Systems, Inc. Message Board

  • frankf4u489 frankf4u489 Apr 24, 2013 3:07 AM Flag

    CSCO Competitor with Very Low Float, About to Skyrocket!

    CSCO's competitor in the pay-TV/video delivery software technology space Concurrent (CCUR) looks like it is about to skyrocket! CCUR has a video-on-demand (VOD) technology reach of 50mm households, even larger than CSCO's VOD reach! Their competitor Harmonic (HLIT) rose to a new 52-week high of $6.02 on Tuesday and afterhours reported a non-GAAP EPS loss of ($0.02) down $0.05 from a non-GAAP EPS profit of $0.03 in 2012. HLIT's trailing 12 month non-GAAP EPS fell from $0.25 down to $0.20 and HLIT afterhours was trading for $5.89 with a P/E of 29.45.

    HLIT's non-GAAP EPS declined $0.05 year-over-year but CCUR reports earnings on April 23rd and CCUR is expected to report GAAP EPS of $0.09 and non-GAAP EPS of $0.13 vs. GAAP EPS of $0.04 and non-GAAP EPS of $0.08 in 2012. CCUR's trailing 12 month non-GAAP EPS is expected to increase by $0.05 from $0.35 up to $0.40! CCUR could have double the trailing 12 month EPS of HLIT and CCUR closed Tuesday at only $6.77 per share! With HLIT trading at $5.89 after hours on Tuesday, CCUR could be ready to rally to double HLIT's share price and reach $11.78 per share!

    CCUR has only 8.72mm o/s, a market cap of $59.03mm, $24.6mm in cash, no debt, and a very low enterprise value of only $34.43mm or just 0.55X its trailing revenue of $62.59mm. CCUR has huge gross margins of 58.81%, which are 30.69% greater than HLIT's gross margins of 45%. HLIT has an enterprise value/revenue ratio of 0.93 and CCUR deserves a multiple that is 30.69% higher, which would give CCUR a ratio of 1.22 and value CCUR at $11.58 per share!

    HLIT just sold their low margin cable access business for $46mm in cash. It was breaking even with $52.9mm in revenue and sold for 0.87X revenue when it only had gross margins of 30%! CCUR's gross margins are nearly double and CCUR is about to report their 5th consecutive quarter of profitability! Even an enterprise value/revenue ratio of just 1 would value CCUR at $10 per share! CCUR could break $10 within the next two weeks!

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