Concurrent Computer Corporation (CCUR) Receiving Somewhat Favorable News Coverage, Report Finds

News coverage about Concurrent Computer Corporation (NASDAQ:CCUR) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Concurrent Computer Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.521085398479 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Concurrent Computer Corporation (CCUR) traded down 1.47% during mid-day trading on Tuesday, hitting $6.70. 21,954 shares of the stock were exchanged. The stock’s 50 day moving average is $6.69 and its 200-day moving average is $5.71. The stock’s market cap is $62.07 million. Concurrent Computer Corporation has a 12 month low of $4.63 and a 12 month high of $7.10.

Concurrent Computer Corporation (NASDAQ:CCUR) last posted its quarterly earnings data on Monday, May 15th. The technology company reported ($0.18) earnings per share (EPS) for the quarter. Concurrent Computer Corporation had a negative net margin of 28.70% and a negative return on equity of 104.03%. The company had revenue of $14.98 million for the quarter. On average, analysts anticipate that Concurrent Computer Corporation will post $0.33 EPS for the current year.

In related news, major shareholder Julian D. Singer acquired 190,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average price of $6.15 per share, for a total transaction of $1,168,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.60% of the company’s stock.

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Concurrent Computer Corporation Company Profile

Concurrent Computer Corporation is a software and solutions company that develops applications on storage technologies. The Company’s operates through content delivery segment, which include software, hardware and services for streaming video content to various consumer devices and storing and managing content in the network.