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Insight on Bullish Rally of Concurrent Computer Corporation (NASDAQ:CCUR)

 
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Las Vegas, NV -- (SBWIRE) -- 02/05/2013 -- Concurrent Computer Corporation (NASDAQ:CCUR) has recently posted heavy gains. The share price started rallying from the level of $6 and is currently trading around $8. Today the stock is up 3.74 percent with traded volume of 112,763 shares in start of the session whereas it maintains the average volume of 131,097 shares per day.

Investors do seem upbeat about the stock as it is backed by strong fundamentals. Concurrent Computer Corporation has also been consistent in paying dividends to its shareholders. The share price could see some resistance at $8.24 which is also its highest in last one year.

The company also announced its financial results for second quarter recently according to which its revenue slightly increased to $16.6 million as compared to $16.4 million for the same period last year. The company also reported operating profit of $876,000 for the respective period as compared to net loss of $461,000 last year.

To find out what OTCMAGIC projects for Concurrent Computer Corporation for both short term and long term please click here: CCUR

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