Interdigital - Smartphone and IoT Boom Provide Strong Prospects!
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Business drivers: Interdigital specializes in the development and licensing of technologies for wireless communication and video. The licensing business has continued to grow thanks to new partnerships with customers like VIVO and HP, driving further business expansion. On July 31, the company surprised with a very strong Q2 result. It exceeded consensus expectations of $2.02 with a significant increase from $4.57 to $6.52. Revenue also surpassed analyst estimates of $167.56 million, reaching $300.60 million (+34.50%): Subsequently, the...
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