CCUR Q3 earnings update

CCUR announced Q3 2015 (December 31, 2014) earnings after the close last night. Revenues were $17.1 million, down 7% from $18.3 million last year but up from $16 million last quarter. They made $780,000 of profit versus a loss of $.6 million last quarter and a $1.1 million profit last year. Gross margin rose to 59%. Our valuation jumped back up to $16.38 from $13.07 last quarter. CCUR is trading at 36% of our valuation. Cash per share rose  to $2.93 or 49% of the market cap.  Shares closed at $5.96 on 4/28/2015. We will keep a HOLD on CCUR until we see what the new CEO can do and they get revenue growth back. We continue to collect the 7% dividend.

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