The stock of Concurrent Computer Corp (NASDAQ:CCUR) is a huge mover today! About 125,504 shares traded hands or 203.60% up from the average. Concurrent Computer Corp (NASDAQ:CCUR) has declined 3.77% since April 8, 2016 and is downtrending. It has underperformed by 9.42% the S&P500.
The move comes after 5 months negative chart setup for the $50.33 million company. It was reported on Nov, 10 by Barchart.com. We have $4.56 PT which if reached, will make NASDAQ:CCUR worth $7.05M less.
According to Zacks Investment Research, “Concurrent Computer Corporation is a global leader in innovative solutions that enable the delivery, management and monetization of video on any screen. Built on a solid foundation of video firsts and patented, Emmy Award winning technology, Concurrent’s screen-independent video delivery and media data solutions create a holistic, 360 degree view of the consumer video experience. By harnessing the full potential of video, Concurrent provides customers in the cable, telecommunications, wireless, web, advertising and content development industries with new revenue opportunities such as advanced advertising. Concurrent’s video solutions are built upon a heritage of high-performance real-time technology, which also powers solutions for the defense, aerospace, automotive and financial industries. Concurrent has offices in North America, Europe and Asia. Concurrent Computer Corporation was founded in 1966 and is headquartered in Duluth, Georgia.”
Insitutional Activity: The institutional sentiment increased to 2.6 in Q2 2016. Its up 1.49, from 1.11 in 2016Q1. The ratio increased, as 0 funds sold all Concurrent Computer Corp shares owned while 5 reduced positions. 5 funds bought stakes while 8 increased positions. They now own 3.93 million shares or 1.95% more from 3.85 million shares in 2016Q1.
Bridgeway Management accumulated 0.01% or 152,202 shares. Parallax Volatility Advisers L P holds 0% or 45,934 shares in its portfolio. Moreover, Savings Bank Of America De has 0% invested in Concurrent Computer Corp (NASDAQ:CCUR) for 63 shares. Ladenburg Thalmann Services Inc last reported 500 shares in the company. California Public Employees Retirement Sys holds 44,468 shares or 0% of its portfolio. Wellington Management Gru Llp holds 777,222 shares or 0% of its portfolio. Peak6 Limited Partnership last reported 22,014 shares in the company. Grt Cap Prns Limited holds 0.03% or 19,300 shares in its portfolio. Blackrock Advsrs Ltd Company last reported 0% of its portfolio in the stock. Gru One Trading Ltd Partnership accumulated 1,704 shares or 0% of the stock. Manufacturers Life Insurance Company The accumulated 174 shares or 0% of the stock. Northern Tru owns 44,102 shares or 0% of their US portfolio. Renaissance Technology Lc last reported 0.01% of its portfolio in the stock. Dimensional Fund L P accumulated 640,632 shares or 0% of the stock. Vanguard Gru has 471,164 shares for 0% of their US portfolio.
More important recent Concurrent Computer Corp (NASDAQ:CCUR) news were published by: Quotes.Wsj.com which released: “News Concurrent Computer Corp.CCUR” on February 12, 2011, also Globenewswire.com published article titled: “JDS1 â€“ Concurrent Computer Corporation’s Largest Shareholder â€“ Sends Open …”, Prnewswire.com published: “Concurrent Announces Review of Strategic Alternatives and Adopts Tax Asset …” on March 01, 2016. More interesting news about Concurrent Computer Corp (NASDAQ:CCUR) was released by: Seekingalpha.com and their article: “Concurrent Computer: Good Buyout Target For Comcast And Debt-Free 5.8 …” with publication date: February 03, 2014.
CCUR Company Profile
Concurrent Computer Corporation, incorporated on August 3, 1981, is a global software and solutions firm that develops applications on a foundation of high performance Linux and storage technologies. The Company’s business is composed of two divisions: services and products. The Company’s content delivery solutions consist of software, hardware and services for streaming video content to various consumer devices, and storing and managing content in the network. The Company’s streaming video and storage services and products are deployed by service providers to support consumer-facing video applications, including live broadcast video, video-on-demand (VOD) and time-shifted video services, such as cloud digital video recording (cDVR). The Company’s multi-workload, scale-out storage products are suited for a range of enterprise information technology (IT) and video applications. The Company’s real-time solutions consist of real-time Linux operating system versions, development and performance optimization tools, simulation software and other system software combined, in many cases, with computer platforms and services. These real-time products are sold to various companies seeking real-time computer solutions in the defense, aerospace, financial and automotive markets around the world.
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