Concurrent Computer Positive Money Flow After Cable TV Deal
April 30, 2017: Concurrent Computer’s stock has done a positive divergence on the money flow after cable TV innovator Midco chooses Concurrent’s CDN Platform to expand video on demand options for 385,000 midwest customers. Concurrent Computer announced that Sioux Falls-based telecommunications provider Midco, one of the 20 largest cable television operators in the U.S., has launched Concurrent’s full suite of CDN products including Storage, Origin and Edge. Concurrent’s CDN Platform is a comprehensive system for ingesting, hosting, distributing, and streaming video content to any device, any time, over any network.Midco serves more than 385,000 subscribers throughout Kansas, Minnesota, North Dakota, South Dakota and Wisconsin and has delivered on-demand movies and TV shows for nearly a decade. As an early innovator in VOD, Midco has mastered delivery of content to digital televisions and set-top boxes, and with Concurrent, Midco not only upgrades services for these traditional devices, it can add IP-based devices such as PCs, smartphones, and tablets.
Concurrent Computer is a high risk play and it does not meet the typical fundamental criteria I screen for.
Concurrent Computer Stock Chart
Below is a chart of the Twiggs Money Flow so you can see the positive divergence between the money flow and price.
Concurrent is a global leader in unified content delivery, video analytics, and real-time Linux solutions. The company delivers solutions for every screen and every network in support of commercial video services. Concurrent’s unified content delivery and video analytics solutions support every screen simultaneously, making it easier for cable MSOs, fixed-line telecommunications providers, mobile operators, and online media companies to deliver revenue generating video services to consumers on any device, over any network. The world’s leading multichannel video service providers have selected Concurrent to deliver the solutions and services required to support their next-generation multi-screen video initiatives.
Concurrent’s Emmy award-winning video solutions are based upon a rich heritage of high-performance real-time technology. Concurrent’s real-time Linux solutions are used to support applications in the defense, aerospace, automotive and financial industries. Concurrent has offices in North America, Europe and Asia.