Concurrent (CCUR) at $7.24 has the most bullish chart possible with huge momentum. CCUR has a huge cash position of $24.6mm and 3.3% dividend yield. CCUR's float is very low and enterprise value is only $42mm when CCUR holds a 30% share of the global video-on-demand (VOD) market and is rapidly capturing a huge share of the booming multi-screen video delivery market. CCUR's MediaHawk platform is bridging the gap between classic VOD services that are generating big revenue for pay TV companies today, and the latest IP multi-screen video services that pay TV subscribers demand.
CCUR ran from $7.50 to over $200 over a decade ago when the VOD industry took off and CCUR is now positioned at the forefront of the IP multi-screen video delivery industry that is set to become in 2013! Last month's March Madness NCAA Basketball Tournament streams were up 158% from a year ago to 45 million and an unbelievable 60% of them to smartphones and tablets. CCUR's MediaHawk solution can deliver any video format, across any video network, to any IP-connected device, and CCUR's huge loyal VOD client base is beginning make huge investments into upgrading their systems in support of mobile devices.
CCUR will benefit most from America's love for their smartphones and tablets, and their desire to watch video on them. For over a year CCUR has been powering the Xvie multi-screen service of Jupiter, the #1 cable TV operator in Japan. CCUR just announced a huge deal to power Virgin TV Anywhere, the multi-screen service of Virgin Media (VMED), the #1 cable TV operator in the UK. CCUR has 4 of America's top 6 cable operators as VOD clients and all of them are planning to upgrade their infrastructure to support IP-connected devices.
Based on CCUR's revenue and EPS last quarter annualized, CCUR is now generating revenue of $66.4mm and non-GAAP EPS of $0.50. This values CCUR with an enterprise value/revenue ratio of only 0.63 when it has huge gross margins of 58.81% and an extremely low P/E of 14!