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Concurrent Computer Corp (CCUR.OQ)

CCUR.OQ on NASDAQ Stock Exchange Global Market

5.67USD
15 Dec 2017
Change (% chg)

$-0.05 (-0.87%)
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$5.72
Open
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Day's Low
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Volume
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Latest Key Developments (Source: Significant Developments)

Concurrent Stockholders Approve Proposal To Sell Content Delivery & Storage Business To Vecima Networks
Wednesday, 13 Dec 2017 04:34pm EST 

Dec 13 (Reuters) - Concurrent Computer Corp ::CONCURRENT STOCKHOLDERS APPROVE PROPOSAL TO SELL CONTENT DELIVERY & STORAGE BUSINESS TO VECIMA NETWORKS.CONCURRENT COMPUTER CORP - STOCKHOLDERS OF CO HAVE APPROVED ALL PROPOSALS PRESENTED AT A SPECIAL MEETING OF ITS STOCKHOLDERS HELD ON DEC 13.CONCURRENT COMPUTER CORP - PROPOSALS RELATED TO SALE OF CONCURRENT'S CONTENT DELIVERY AND STORAGE BUSINESS TO VECIMA NETWORKS INC.  Full Article

Concurrent Computer deploys Zephyr Transcode in Asia, Europe and North America​
Thursday, 19 Oct 2017 09:27am EDT 

Oct 19 (Reuters) - Concurrent Computer Corp :Concurrent Computer Corp - Zephyr Transcode, is now deployed with customers in Asia, Europe and North America​.  Full Article

Concurrent to sell content delivery & storage business to Vecima Networks for $29 mln
Monday, 16 Oct 2017 08:00am EDT 

Oct 16 (Reuters) - Concurrent Computer Corp :Concurrent enters definitive agreement to sell content delivery & storage business to Vecima Networks for $29 million.Concurrent enters definitive agreement to sell content delivery & storage business to Vecima Networks for $29 million.Concurrent Computer Corp - deal for ‍$29 million​.Concurrent Computer Corp - ‍certain concurrent stockholders have entered into voting agreements to vote in favor of proposed transaction​.Concurrent Computer Corp - ‍proposed transaction has been approved by board of directors of both companies​.Concurrent Computer Corp - ‍board established investment committee to evaluate options to "maximize value" of co's assets.Concurrent Computer Corp - Post deal close, anticipate to have debt free balance sheet with about $67 million in pro forma working capital&substantial retained tax assets​.  Full Article

Concurrent reports Q4 loss per share $0.10 from continuing operations
Thursday, 7 Sep 2017 04:01pm EDT 

Sept 7 (Reuters) - Concurrent Computer Corp ::Concurrent reports 16pct sequential increase in product revenue for the fourth quarter of fiscal 2017.Q4 loss per share $0.10 from continuing operations.Q4 revenue $7.8 million versus $8.8 million.Sees FY 2018 revenue up at least 10 percent.Concurrent Computer Corp - for fiscal 2018 expect to generate breakeven to positive adjusted EBITDA​.  Full Article

Concurrent Computer ‍board approves reduction in size of board
Friday, 14 Jul 2017 05:36pm EDT 

July 14 (Reuters) - Concurrent Computer Corp :Concurrent Computer Corp - ‍board approved a reduction in size of board from seven to four members​.Concurrent Computer Corp - board dissolved executive committee effective immediately - SEC filing.Concurrent Computer - on July 14, board appointed Wayne Barr, Jr. to chairman position, which was left vacant by steve Nussrallah's resignation.  Full Article

Julian Singer reports 13.9 pct stake in Concurrent Computer as of July 10
Monday, 10 Jul 2017 06:53am EDT 

July 10 (Reuters) - Concurrent Computer Corp :Julian singer says believes that change at Concurrent Computer Corp board level may be necessary, warranted - ‍​SEC filing.Julian Singer says believes that a 4 person board is more appropriate for concurrent computer corp.Julian Singer reports 13.9 percent stake in Concurrent Computer Corp as of july 10, 2017 - sec filing.Julian Singer says believes concurrent computer, stockholders "would be better served if" Messrs’ Nusrallah, Blackmon, enterline "were removed/resigned from board.Julian Singer says is supportive of efforts of Derek Elder, Concurrent Computer’S CEO, in monetizing assets,operating remaining business.  Full Article

Concurrent Computer Corp has partnered with Rincon Technology Inc
Tuesday, 27 Jun 2017 11:05am EDT 

June 27 (Reuters) - Concurrent Computer Corp :Concurrent Partners with Rincon Technology to extend reach of content delivery and storage solutions.Concurrent Computer Corp - has partnered with Rincon Technology Inc.  Full Article

Battery Ventures says Russell Fleischer, Jordan Welu to join new Concurrent Real-Time's board
Monday, 15 May 2017 01:30pm EDT 

May 15 (Reuters) - Battery Ventures: :Battery Ventures says Battery GP Russell Fleischer and battery vice president Jordan Welu will join Concurrent Real-Time's board after deal closes.  Full Article

Concurrent Computer sells real-time business segment to Battery Ventures; Appoints Warren Sutherland as CFO
Monday, 15 May 2017 01:11pm EDT 

May 15 (Reuters) - Concurrent Computer Corp :Concurrent sells real-time business segment for $35 million to battery ventures; focuses on video storage & delivery market opportunity.Concurrent computer corp says warren sutherland appointed chief financial officer.Concurrent computer corp - real-time business segment will operate as an independent, privately-held company doing business as concurrent real-time.Concurrent computer corp - total revenue for q3 was $15.0 million.Concurrent computer corp - of $35.0 million in gross proceeds from deal, $2.8 million is being held by buyer battery ventures until approval is received.Concurrent computer corp says warren sutherland succeeds emory berry as cfo.Concurrent computer corp - real-time business segment will be classified as discontinued operations beginning in q4 of fiscal 2017.Concurrent computer corp - result of real-time business segment sale, pro forma working capital position of company has increased by about $30 million.Concurrent computer-special banking committee of board that was formed to review co's strategic alternatives among other things has been dissolved.Concurrent computer corp - concurrent recorded expenses of $1.1 million related to transaction for q3 ended march 31, 2017.Concurrent Computer - $2.0 million of proceeds from placed into escrow for future release to concurrent, subject to terms and conditions, on may 15, 2018.  Full Article

Concurrent reports Q2 loss per share $0.01
Wednesday, 8 Feb 2017 08:00am EST 

Concurrent Computer Corp : Concurrent Computer Corp -total revenue for year is expected to be flat to slightly up from 2016 revenue of $61.1 million . Concurrent reports second quarter fy2017 financial results . Q2 loss per share $0.01 . Q2 revenue $15.5 million versus $14.9 million .Concurrent Computer Corp says reiterated its fiscal 2017 guidance.  Full Article

BRIEF-Concurrent Stockholders Approve Proposal To Sell Content Delivery & Storage Business To Vecima Networks

* CONCURRENT STOCKHOLDERS APPROVE PROPOSAL TO SELL CONTENT DELIVERY & STORAGE BUSINESS TO VECIMA NETWORKS