Concurrent Declares Quarterly Dividend
(Thomson Reuters ONE) -
ATLANTA, June 05, 2017 (GLOBE NEWSWIRE) -- Concurrent (NASDAQ:CCUR), a global
leader in storage, protection, transformation, and delivery of visual assets,
today announced its Board of Directors has declared a quarterly cash dividend of
$0.12 per share of common stock. The dividend is payable on June 27, 2017 to
shareholders of record at the close of business on June 13, 2017.
About Concurrent
Concurrent (NASDAQ:CCUR) is a global software and solutions company that
develops advanced applications focused on storing, protecting, transforming, and
delivering high value media assets. We serve industries and customers that
demand uncompromising performance, reliability and flexibility to gain a
competitive edge, drive meaningful growth and confidently deliver best-in-class
solutions that enrich the lives of millions of people around the world every
day. Offices are located in North America, Europe and Asia.
Visit www.concurrent.com for further information and follow us on
Twitter: www.twitter.com/Concurrent_CCUR.
Safe Harbor
Certain statements made or incorporated by reference in this release may
constitute "forward-looking statements" within the meaning of the federal
securities laws. Statements regarding future events and developments and the
company's future performance, including, but not limited to, management's
expectations, beliefs, plans, estimates, or projections relating to the future,
are forward-looking statements within the meaning of these laws. All forward-
looking statements are subject to certain risks and uncertainties that could
cause actual events to differ materially from those projected.
The risks and uncertainties which could affect our financial condition or
results of operations include, without limitation: the potential consolidation
of the markets that we serve; U.S. Government sequestration; European austerity
measures; the impact of the U.K. exiting the European Union; delays or
cancellations of customer orders; non-renewal of maintenance and support service
agreements with customers; changes in product demand; economic conditions;
various inventory risks due to changes in market conditions; margins of the
content delivery business to capture new business; our ability to reinvest the
net proceeds from the sale of our Real-Time segment in a manner that we believe
will generate an adequate return to our remaining business; fluctuations and
timing of large content delivery orders; uncertainties relating to the
development and ownership of intellectual property; uncertainties relating to
our ability and the ability of other companies to enforce their intellectual
property rights; the pricing and availability of equipment, materials and
inventories; the concentration of our customers; failure to effectively manage
change; delays in testing and introductions of new products; the impact of
reductions in force on our operations; rapid technology changes; system errors
or failures; reliance on a limited number of suppliers and failure of components
provided by those suppliers; uncertainties associated with international
business activities, including foreign regulations, trade controls, taxes,
tariffs and currency fluctuations; the impact of competition on the pricing of
content delivery products; failure to effectively service the installed base;
the entry of new, well-capitalized competitors into our markets; the success of
new content delivery products, including acceptance of our new storage
solutions; the success of our relationships with technology and channel
partners; capital spending patterns by a limited customer base; the current
challenging macroeconomic environment; continuing unevenness of the global
economic recovery; global terrorism; privacy concerns over data collection; our
ability to utilize net operating losses to offset cash taxes in the event of an
ownership change as defined by the Internal Revenue Service; earthquakes,
tsunamis, floods and other natural disasters in areas in which our customers and
suppliers operate; the process of evaluation of strategic alternatives; and the
availability of debt or equity financing to support our liquidity needs.
Other important risk factors are discussed in Concurrent's Form 10-K filed
August 30, 2016 with the Securities and Exchange Commission ("SEC"), and in
subsequent filings of periodic reports with the SEC. The risk factors discussed
in the Form 10-K and subsequently filed periodic reports under the heading "Risk
Factors" are specifically incorporated by reference in this press release.
Forward-looking statements are based on current expectations and speak only as
of the date of such statements. Concurrent undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result of future
events, new information, or otherwise.
All Concurrent product names and its logo are trademarks or registered
trademarks of Concurrent while all other product names are trademarks or
registered trademarks of their respective owners.
Investor Relations Contact for Concurrent:
Doug Sherk
415-652-9100
dsherk(at)evcgroup.com
Todd Kehrli
310-625-4462
tkehrli(at)evcgroup.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Concurrent Computer Corporation via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 05.06.2017 - 15:01 Uhr
Sprache: Deutsch
News-ID 546288
Anzahl Zeichen: 6125
contact information:
Town:
Berkeley Lake
Kategorie:
Business News
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