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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: ENOTS who wrote (17637)	4/26/2002 10:15:56 AM
From: ENOTS	Respond to of 21142

Concurrent Beats Estimates, Gets Upgrade By Michael Dunn Staff Reporter 04/26/2002 09:59 AM EDT Concurrent Computer (CCUR:Nasdaq - news - commentary - research - analysis) was up 25% after reporting higher than expected third-quarter earnings and issuing new guidance above estimates. The pioneer of video on demand technology said it earned $2.3 million, or 4 cents a share, up from $571,000, or 1 cent a share, in the year ago quarter. Analysts had been expecting the company to post breakeven results for the quarter. The company's revenue grew to $25.0 million from last year's $22.1 million. Video on Demand revenue grew 41% to $14.6 million as the company added 9 new system deployments. Looking ahead, the company said it expects to earn between 4 cents and 5 cents a share in the fourth quarter and 3 cents to 4 cents a share for the full year. First Call analysts are expecting to see 1 cent a share in the fourth quarter and a loss of 4 cents a share on the year. Concurrent was also upgraded by CIBC to strong buy from buy on the company's strong quarterly results. Shares of Concurrent were recently trading up 25.3% to $7.04.