La vendita allo scoperto per InterDigital dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di InterDigital. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

InterDigital (NASDAQ:IDCC) Azioni, Report sulle vendite allo scoperto

InterDigital

InterDigital Inc is a research and development company focused on wireless, video, Artificial Intelligence and related technologies. It designs and develops technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. The majority of revenue is generated from fixed-fee patent license agreements, with a smaller portion coming from variable royalty agreements. Geographically it operates in the United States, China, South Korea, Japan, Taiwan, and Europe, Out of which the majority is from the China.

InterDigital Inc

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IDCC

InterDigital Announced That It Agreed To Enter Into A New Patent License Agreement With Lenovo

These agreements license TPV to InterDigital's extensive portfolio of HEVC patents as well as DTV patents licensed through InterDigital´s joint licensing program with Sony.

InterDigital Signs License Agreements With TPV

InterDigital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>), a mobile, video and AI technology research and development company, has announced targets of $1 billion in annual recurring revenue and $600 million in adjusted EBITDA by 2030. &nbsp;

Guidance

InterDigital Announces Annual Recurring Revenue Target Of $1B And $600M In Adjusted EBITDA By 2030

Roth MKM analyst Scott Searle maintains InterDigital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>) with a Buy and raises the price target from $146 to $160.

Price Target

Analyst Ratings

Roth MKM Maintains Buy on InterDigital, Raises Price Target to $160

Dividends

InterDigital Increases Quarterly Cash Dividend From $0.40 To $0.45 Per Share

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<li>Shake Shack, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) shares escalated 19.52% after the company reported <a href="https://www.benzinga.com//node/40104675" target="_blank" rel="noreferrer noopener">better-than-expected Q2 sales results</a>. Several analysts increased <a href="https://www.benzinga.com//node/40131307" target="_blank" rel="noreferrer noopener">their forecasts for the company</a>.</li>
<li>Parsons Corp NYSE: PSN) stock gained 15.42% after it reported better-than-expected Q2 results and raised its FY24 revenue outlook.</li>
<li>Clearwater Analytics Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) stock increased 15.23% after the company reported better-than-expected Q2 sales results and issued Q3 and FY24 <a href="https://www.benzinga.com//node/40081350" target="_blank" rel="noreferrer noopener">revenue guidance above estimates</a>.</li>
<li>Repligen Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) stock upped 15.14%. The company reported <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40044492/repligen-lowers-guidance-on-china-weakness-analyst-expects" target="_blank" rel="noreferrer noopener">Q2 earnings</a>, after which several analysts revised their price forecasts.</li>
<li>Frontdoor Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTDR#NASDAQ">FTDR</a>) stock gained 15.09% following better-than-expected Q2 earnings.</li>
<li>NeoGenomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) stock upped 14.47% after the company reported better-than-expected Q2 financial results and <a href="https://www.benzinga.com//node/40021917" target="_blank" rel="noreferrer noopener">raised its FY24 revenue guidance</a>.</li>
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WIIM

InterDigital shares are trading higher after the company reported Q2 earnings and raised its FY24 outlook.

InterDigital Raises FY24 Outlook To $690M-$740M Vs. $638.71M Estimate (Prior View: $620M-$670M); Sees Adjusted EPS Of $9.70-$10.95 Vs. $5.48 Estimate (Prior View:$7.45-$8.76)

InterDigital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>) reported quarterly earnings of $4.57 per share. This is a 251.54 percent increase over earnings of $1.30 per share from the same period last year. The company reported quarterly sales of $223.49 million which beat the analyst consensus estimate of $99.68 million by 124.21 percent. This is a 119.99 percent increase over sales of $101.59 million the same period last year.

Earnings

Earnings Beats

InterDigital Reports Q2 Adj EPS Of $4.57 Higher Than $1.30 YoY, Sales $223.49M Compared With $101.6M

Tech

General

InterDigital Has Signed A New License Agreement With Panasonic, The Agreement Covers InterDigital's 4G And 5G Cellular, HEVC Video and WiFi Patents

Tesla Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) lawsuit in London against a U.S. technology firm, InterDigital<a target="_blank" href="https://www.benzinga.com/quote/IDCC" rel="noreferrer noopener"> </a>Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>), and a patent licensing platform, Avanci, was overturned by the court today.
Tesla was seeking a patent license ahead of the automaker's introduction of 5G vehicles in the U.K.
Elon Musk's company had sued InterDigital and Avanci, which licenses patents for automotive uses, in London's High Court in 2023, reported Reuters.
Tesla sought the court's determination on the fair, reasonable, and non-discriminatory (FRAND) terms for using patents owned by holders, including InterDigital, which Avanci licenses.
Tesla's lawyers indicated that the company plans to launch 5G vehicles in the U.K. soon.
InterDigital and Avanci requested the court dismiss Tesla's bid for a ruling on FRAND terms. On Monday, Judge Timothy Fancourt ruled in their favor, stating that Tesla's bid for a license must be dismissed.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39767845/tesla-offers-model-y-rwd-owners-extended-range-option-with-1-6k-software-update" rel="noreferrer noopener">Tesla Offers Model Y RWD Owners Extended Range Option With $1.6K Software Update</a>
However, Tesla's claim to revoke three of InterDigital's patents will proceed. The dispute revolves around Tesla's request for FRAND terms to use certain 5G patents.
FRAND terms are meant to ensure fair and accessible licensing, which is critical for the development and deployment of new technologies.
The outcome of Tesla's ongoing claim to revoke InterDigital's patents could impact future licensing agreements and the introduction of 5G technology in automotive applications.
Tesla stock has lost more than 14% in the last 12 months. Investors can gain exposure to the stock via two ETFs. They include&nbsp;the Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) and Fidelity MSCI Consumer Discretionary Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDIS#NYSE">FDIS</a>).
Price Action: At the last check on Monday, TSLA shares were trading higher by 5.47% at $261.65.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

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Tesla's 5G Patent License Lawsuit In UK Court Dismissed

UK Court Of Appeals Rules In Favor Of InterDigital; Raises Amount Lenovo Must Pay For License To Cellular SEP Patents; Lenovo To Pay Additional $55M For Total Of ~$240M

InterDigital Announced That, Pursuant To The Terms Of The Indenture Governing Its 3.50% Senior Convertible Notes Due 2027, The Notes Are Convertible During Its Calendar Quarter Ending September 30, 2024

The agreement licenses a range of devices including Pixel smartphones, Fitbit wearables and other consumer electronics devices to InterDigital's cellular wireless, Wi-Fi, and HEVC video patented technologies.

GOOGL

InterDigital Enters Into New License Agreement With Google

Jefferies analyst Blayne Curtis downgrades InterDigital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDCC#NASDAQ">IDCC</a>) from Buy to Hold and lowers the price target from $106 to $100.

Downgrades

Jefferies Downgrades InterDigital to Hold, Lowers Price Target to $100

InterDigital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idcc#NASDAQ">IDCC</a>) reported strong first-quarter 2024 results, with both the bottom line and top line surpassing the respective Zacks Consensus Estimate. The company generated higher revenues year over year, driven by solid licensing momentum in consumer electronics. 
The company inked several license agreements during the quarter, including a landmark deal with Samsung Electronics (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssnlf#OTC">SSNLF</a>).&nbsp;IDCC is also advancing its leadership position in AI applications for wireless and video technology.
<h3>Net Income</h3>
Quarterly net income was $81.7 million or $2.88 per share, down from $105.3 million or $3.58 per share in the year-earlier quarter. Despite top-line growth, higher operating expenses led to lower net income. 
Non-GAAP net income was $94.5 million or $3.58 per share, down from $123.6 million or $4.21 per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 21 cents.
<div class="chart_embed">
<h3>InterDigital, Inc. Price, Consensus and EPS Surprise <a href="https://www.zacks.com/stock/chart/IDCC/price-consensus-eps-surprise-chart?icid=chart-IDCC-price-consensus-eps-surprise-chart"> <img alt="InterDigital, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/78/1714729398.png" style="height:265px; width:584px" title="" /> </a></h3>
InterDigital, Inc. price-consensus-eps-surprise-chart | InterDigital, Inc. Quote
</div>
<h3>Revenues</h3>
Net sales in the quarter rose to $263.5 million from $202.4 million in the year-ago quarter. The 30% year-over-year improvement was induced by solid net sales growth in CE, IoT/Auto licensing programs during the quarter. The top line beat the consensus estimate of $216 million. 
In the first quarter, total recurring revenues were $96.9 million, down from $101.6 million in the year-ago quarter. Net sales marginally missed our estimate of $97.5 million. Smartphone revenues decreased 57% year over year to $80.3 million. Net sales from CE, loT/Auto increased to $182.5 million from $16.1 million in the year-ago quarter. 
Total catch-up revenues improved to $166.7 million from $100.8 million. Net sales beat our estimate of $152.6 million.
<h3>Other Details</h3>
Adjusted EBITDA decreased 16% year over year to $130.4 million. Total operating expenses rose to $159.8 million from $83.1 million in the year-ago quarter. The increase in operating costs is primarily attributed to higher licensing-related expenses. Operating income fell to $103.7 million from $119.3 million in the year-earlier quarter.
<h3>Cash Flow &amp; Liquidity</h3>
In the first quarter, InterDigital generated $50.8 million of cash from operating activities against a cash utilization of $27.9 million in the year-earlier quarter. As of Mar 31, 2024, it had $984.6 million in cash, cash equivalents and short-term investments, with $85 million of long-term debt and other long-term liabilities.
<h3>Outlook</h3>
For the second quarter of 2024, InterDigital estimates revenues to be between $93 million and $97 million. Adjusted EBITDA is expected in the band of $35-$38 million. Non-GAAP earnings are expected to be within 70-80 cents per share. 
For 2024, management anticipates revenues in the range of $620-$670 million. Adjusted EBITDA is forecasted at about $310-$345 million. Non-GAAP earnings per share are expected between $7.45 and $8.76 per share.
<h3>Zacks Rank &amp; Stocks to Consider</h3>
InterDigital currently has a Zacks Rank #3 (Hold). 
Pinterest (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>), carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 38.78%. In the last reported quarter, it delivered an earnings surprise of 42.86%. 
Pinterest is increasingly establishing a unique value proposition to advertisers that could provide a competitive advantage in the long haul. Through various innovations, it continues to dramatically improve the advertising platform, which appears to be one of the best ad platforms for consumer discretionary brands looking for ways to reach customers and stretch smaller ad budgets. 
Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>), carrying a Zacks Rank #2 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 13.3%, on average, in the trailing four quarters. 
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations. 
Qualcomm Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>), carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 7.54%. In the last reported quarter, it delivered an earnings surprise of 6.09%. 
Qualcomm Incorporated designs, manufactures and markets digital wireless telecom products and services based on the Code Division Multiple Access technology. The products include CDMA-based integrated circuits and system software for wireless voice and data communications, as well as global positioning system products.
<a href="https://www.zacks.com/stock/news/2268021/interdigital-idcc-q1-earnings-beat-on-higher-revenues?cid=CS-BENZ-FT-analyst_blog|earnings_article-2268021">To read this article on Zacks.com click here.</a>

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InterDigital Q1 Earnings Beat on Higher Revenues

Interdigital shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 and FY24 adjusted EPS guidance above estimates. Also, a court in Germany awarded the company an injunction against Lenovo.

InterDigital Reaffirms Full Year 2024 Guidance; Revenue Of $620M-$670M (Est $634.668M), Adj EPS Of $7.45-$8.76 (Est $5.72)

InterDigital Expects Q2 Revenue Of $93M-$97M (Est $108.005M), Adj EPS $0.70-$0.80 (Est $0.56)

The Regional Court in Munich held that Lenovo infringes InterDigital&#39;s patent-in-suit covering 4G and 5G devices, that InterDigital has acted in a FRAND manner at all times, and that Lenovo is an unwilling licensee who has not acted in line with widely recognized FRAND principles. This is a first instance decision which can be appealed.

LNVGF

LNVGY

InterDigital Says Awarded An Injunction Against Lenovo By A Court In Germany

SPLG: S&P 500 Dashboard For September

InterDigital raises quarterly dividend by 12.55 to  $0.45/share

Analyst Blayne Curtis of Jefferies assigned a Hold rating on InterDigital (IDCC – Research Report), with a price target of $130.00. Blayne Curtis h...

InterDigital: A Cautiously Optimistic Hold Amidst Revenue Growth Targets and Market Uncertainties

InterDigital (IDCC) is trading at a discount compared to its peers after delivering record-breaking revenue for the first half of the year. Could this make it a bargain buy in the wireless tech space? Read on to learn my view… InterDigital, Inc. (<a href="https://stocknews.com/stock/IDCC/">IDCC</a>) is a global leader in research and development, focusing on cutting-edge wireless, video, and AI technologies. The company's innovations drive communications and entertainment products, which it licenses to businesses worldwide. Although IDCC isn't one of the largest players by market cap, its stock has seen significant price fluctuations, reaching a 52-week high of $140.60 before dipping to a low of $74.65.
Such price swings allow investors to buy into the stock at a more attractive entry point. Over the past year, IDCC shares have gained 62.1%, and they're up 20.9% year-to-date, closing the last trading session at $131.25.
Investing in a strong company with solid growth prospects at a discounted price is always appealing. Street expects IDCC's EPS and revenue for the current year (ending December 2024) to increase 13.6% and 30.4% year-over-year to $10.48 and $716.69 million, respectively.
Moreover, the company has consistently outperformed Wall Street's expectations. For the second quarter, IDCC's earnings per share was $4.57, far above the consensus estimate of $0.74, while its revenue exceeded the analysts' estimates by $123.82 million. It is no surprise that IDCC's strong earnings have topped the EPS estimates in each of the trailing four quarters.
In view of the above, is IDCC a bargain buy? Let's take a deeper look at its fundamental factors:
Strong Financials
For the fiscal second quarter (ended June 30, 2024), IDCC's revenues grew by triple digits (120% year-over-year) to a record of $223.49 million. Income from operations also saw a substantial uptick, from $23.38 million last year to $133.91 million.
The company's adjusted <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> rose 194.5% from the prior-year quarter to $157.74 million. Likewise, its non-GAAP net income amounted to $118.90 million compared with $35.63 million in the year-ago quarter. In addition, its non-GAAP earnings per share of $4.57 improved considerably from the year-ago value of $1.30.
Impressive Historical Growth
Over the past three years, IDCC's revenue and EBITDA increased at a CAGR of 28.1% and 48.2%, respectively. Its EBIT grew at a 98.9% CAGR during the period. Moreover, the company's net income rose at an impressive 111% CAGR over the same time frame.
Lower-Than-Industry Valuation
In terms of forward non-GAAP P/E, IDCC is currently trading at 12.44x, 45.6% lower than the industry average of 22.85x. Similarly, the stock's forward non-GAAP PEG and EV/EBITDA multiples of 0.91 and 7.64 are 48.9% and 44.5% lower than the industry averages of 1.79x and 13.77x, respectively. Additionally, the stock's 10.54x forward EV/EBIT is 43.7% lower than the industry average of 18.73x.
Robust Profitability
IDCC's trailing-12-month levered FCF margin of 29.69% is 187.9% higher than the 10.31% industry average. Its 53.65% trailing-12-month EBITDA margin is 431.8% above the 10.09% industry average. Furthermore, the stock's trailing-12-month net income margin, ROCE, and ROTC of 37.99%, 43.09%, and 16.56% compares favorably to their respective industry averages of 3.66%, 4.52%, and 2.72%.
POWR Ratings Exhibit Solid Prospects
IDCC's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to Buy in our proprietary rating system. The POWR Ratings are calculated by accounting for 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. IDCC also has a B grade for Value, which syncs with its discounted valuation. Moreover, its high profit margins justify the stock's B grade for Quality.
Within the <a href="https://stocknews.com/category/telecom-domestic/">Telecom - Domestic</a> industry, IDCC is ranked #7 out of the 18 stocks.
Beyond what we've stated above, we have also rated the stock for Growth, Momentum, Stability, and Sentiment. Get all IDCC ratings <a href="https://stocknews.com/stock/IDCC/">here</a>.
Bottom Line
InterDigital closed the quarter with a strong cash position of $760.34 million, providing ample financial flexibility to invest in growth opportunities and execute strategic initiatives. Following its impressive second-quarter results and growing business momentum, the company raised its full-year revenue guidance by $70 million, now projecting between $690 million and $740 million.
Adjusted EBITDA is expected to rise to between $378 million and $416 million, up from the previous forecast of $310 million to $345 million, while non-GAAP EPS is projected in the range of $9.70 to $10.95.
Given robust financials, growing profitability, and discounted valuations, it could be a wise investment choice for those looking for value in the wireless tech space.
How Does InterDigital, Inc. (IDCC) Stack Up Against Its Peers?
While IDCC has an overall grade of B, equating to a Buy rating, you may also check out these other stocks within the <a href="https://stocknews.com/category/telecom-domestic/">Telecom - Domestic</a> industry: IDT Corporation (<a href="https://stocknews.com/stock/IDT/">IDT</a>), Spok Holdings, Inc. (<a href="https://stocknews.com/stock/SPOK/">SPOK</a>), and T-Mobile US, Inc. (<a href="https://stocknews.com/stock/TMUS/">TMUS</a>), carrying A (Strong Buy) or B (Buy) ratings. To explore more Telecom - Domestic stocks, <a href="https://stocknews.com/category/telecom-domestic/">click here</a>. 
What To Do Next?
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<hr />
IDCC shares were trading at $132.13 per share on Wednesday afternoon, up $0.88 (+0.67%). Year-to-date, IDCC has gained 23.11%, versus a 15.91% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/idcc-idt-spok-tmus-is-interdigital-a-bargain-wireless-tech-stock-ready-for-a/>Is InterDigital a Bargain Wireless Tech Stock Ready for a Buy?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is InterDigital a Bargain Wireless Tech Stock Ready for a Buy?

InterDigital announces annual recurring revenue target of $1B by 2030

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It is Fall clean-up time. Sell lagging and sagging companies.

The Markets Are Ignoring Risk, But That Does Not Mean You Should...

InterDigital signs new license agreements with TPV

InterDigital, Lenovo agree to enter into new license agreement

The communication industry is on the verge of massive growth, fueled by the rapid expansion of 5G technology, AI integration, and expectations of 6G deployment. Thus, investors looking to capitalize on this trend could grab shares of fundamentally stable communication stocks T-Mobile (TMUS), Comcast (CMCSA), and InterDigital (IDCC). Read on… The communication industry is evolving significantly, driven by the growing demand for 5G technology and the need for high-speed, low-latency networks. The ongoing expansion of 5G, alongside the anticipation of 6G deployment and harnessing artificial intelligence (AI) to revolutionize operations and customer experiences, are fueling substantial growth within the industry.
Amid this backdrop, investors could consider buying fundamentally sound communication stocks T-Mobile US, Inc. (<a href="https://stocknews.com/stock/TMUS/">TMUS</a>), Comcast Corporation (<a href="https://stocknews.com/stock/CMCSA/">CMCSA</a>), and InterDigital, Inc. (<a href="https://stocknews.com/stock/IDCC/">IDCC</a>), which have their third quarter earnings just ahead of them. Moreover, these stocks have a solid history of earnings surprises.
The telecommunications industry is experiencing remarkable growth, driven by widespread wireless network adoption and substantial investments in infrastructure. Industries are experiencing boosted efficiency and productivity as they start to adopt 5G networks in their workspace.
According to a <a href="https://www.pwc.com/gx/en/industries/technology/publications/economic-impact-5g.html">PwC report</a>, the U.S. economy is expected to add $15 billion by using 5G applications in industrial manufacturing by 2030. This expansion of 5G technology and the <a href="https://www.euronews.com/next/2024/03/28/eu-us-to-announce-6g-vision-cooperation-on-ai-at-ttc-summit">anticipation of 6G innovations</a> are elevating communication capabilities, particularly benefiting the United States as a leader in digital advancements.
Moreover, AI is transforming the telecommunications sector by enhancing operational efficiency and customer experiences and managing data center demands. This integration of AI presents a lucrative investment opportunity, with the global AI in telecommunications market projected to reach $21.20 billion by 2030, growing at <a href="https://www.kbvresearch.com/ai-in-telecommunication-market/">a CAGR of 40.4%</a>.
Further, according to a report by Mordor Intelligence, the U.S. telecom market is forecasted to grow to $530.61 billion by 2029, reflecting <a href="https://www.mordorintelligence.com/industry-reports/united-states-telecom-market">a steady CAGR of 3.7%</a>. This growth reflects the ongoing transformation and expansion of the industry.
Considering these trends, let us discuss the fundamentals of three top-rated communication stocks that could pop off after their soon-to-be-announced third-quarter earnings.
Stock #3: T-Mobile US, Inc. (<a href="https://stocknews.com/stock/TMUS/">TMUS</a>)
TMUS provides mobile communication services, including voice, messaging, and data, through its T-Mobile and Metro by T-Mobile brands. It utilizes its 4G LTE and 5G networks to deliver these services. Additionally, the company offers a variety of wireless devices and accessories, along with financing options via equipment installment plans (EIP).
On October 8, TMUS announced the introduction of <a href="https://investor.t-mobile.com/events-and-presentations/news/news-details/2024/T-Mobile-Announces-5G-On-Demand-A-Portable-5G-Private-Network-Solution/default.aspx">5G On Demand</a>, a complete, portable 5G private network and services solution that includes setup, teardown and network management.
With the introduction of new advancements that fuel the 5G revolution, TMUS is securing a top spot in the communications industry, catering to the growing needs of its customers.
On September 18, TMUS and Open AI entered a <a href="https://investor.t-mobile.com/events-and-presentations/news/news-details/2024/T-Mobile-and-OpenAI-Join-Forces-to-Revolutionize-the-Customer-Experience-with-First-Ever-Intent-Driven-AI-Decisioning-Platform/default.aspx">multi-year agreement</a> to customize the first intent-driven AI-decisioning platform, IntentCX. This platform will use real-time data to understand customers' needs and intent, proactively take action and resolve issues, and improve TMUS' customer service and interactions, gathering the company a loyal following in the days to come.
In the fiscal 2024 second quarter that ended June 30, 2024, TMUS' total services revenues rose 4.4% year-over-year to $16.43 billion. Its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> stood at $8.05 billion, up 8.8% from the year-ago quarter. Plus, the company's net income and EPS increased 31.7% and 33.9% from the prior year's period to $2.93 billion and $2.49, respectively.
TMUS is expected to release its fiscal 2024 third-quarter results on <a href="https://investor.t-mobile.com/events-and-presentations/news/news-details/2024/T-Mobile-to-Host-Q3-2024-Earnings-Call-on-October-23-2024/default.aspx">October 23, 2024</a>. Street expects TMUS' revenue and EPS for the fiscal third quarter (ended September 2024) to increase 4% and 22.5% year-over-year to $20.02 billion and $2.45, respectively. Moreover, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
TMUS' stock has gained 20.3% over the past three months and 52.4% over the past year to close the last trading session at $215.91.
TMUS' bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
TMUS has a B grade for Growth, Stability, Sentiment, and Quality. It is ranked #4 in the 19-stock <a href="https://stocknews.com/category/telecom-domestic/">Telecom – Domestic</a> industry.
Beyond what we stated above, we have also given TMUS grades for Value and Momentum. Get all the TMUS ratings <a href="https://stocknews.com/stock/TMUS/">here</a>.
Stock #2: Comcast Corporation (<a href="https://stocknews.com/stock/CMCSA/">CMCSA</a>)
CMCSA is a global media and technology company that offers broadband, wireless, video, entertainment, sports, and news through brands like NBC, Telemundo, Universal, Peacock, and Sky. It operates through two segments: Connectivity &amp; Platforms and Content &amp; Experiences.
On September 25, CMCSA <a href="https://corporate.comcast.com/press/releases/broadcom-charter-comcast-unified-docsis-chipsets-capable-of-25gbps-speeds">announced a joint partnership</a> with Broadcom Inc. (<a href="https://stocknews.com/stock/AVGO/">AVGO</a>) and Charter Communications to jointly develop Unified DOCSIS chipsets for network nodes, smart amps, and cable modems and to deliver upwards of 25 Gbps speeds over existing networks.
With rising demands for high-speed networks for businesses, CMCSA's new venture would give the company a significant market presence and establish it as one of the top players in the communications industry.
On September 23, CMCSA unveiled <a href="https://corporate.comcast.com/press/releases/comcast-harnessing-cloud-and-ai-to-transform-next-generation-internet-experiences">Janus</a>, an initiative that leverages leading-edge cloud and AI/ML technology to transform the way its core network delivers next-generation internet experiences to its customers. The new initiative is expected to maximize the company's network performance and serve its customers with unprecedented internet experience, uplifting the company's popularity as well.
For the fiscal 2024 second quarter that ended June 30, 2024, CMCSA's revenue came in at $29.69 billion. The company's adjusted EBITDA was reported to be $10.17 billion. Moreover, its adjusted net income increased marginally from its year-ago value to $4.74 billion, while its adjusted EPS rose 7% year-over-year to $1.21.
CMCSA is expected to announce its fiscal 2024 third-quarter results on <a href="https://www.cmcsa.com/news-releases/news-release-details/comcast-host-third-quarter-2024-earnings-conference-call">October 31, 2024</a>. Looking forward, analysts expect CMCSA's revenue and EPS for the fiscal year ending December 2024 to increase 1.1% and 6% year-over-year to $122.93 billion and $4.22, respectively. Plus, the company surpassed the consensus EPS estimates in all four trailing quarters, which is impressive.
Over the past month, CMCSA's stock has surged 6.1% to close the last trading session at $41.97.
CMCSA's POWR Ratings reflect its optimistic outlook. It has an overall rating of B, equating to Buy in our proprietary rating system.
CMCSA has a B grade for Stability and Quality. It has topped the 8-stock <a href="https://stocknews.com/category/entertainment-tv-internet-providers/">Entertainment – TV &amp; Internet Providers</a> industry.
<a href="https://stocknews.com/stock/CMCSA/">Click here</a> to see CMCSA's Growth, Momentum, Value, and Sentiment ratings.
Stock #1: InterDigital, Inc. (<a href="https://stocknews.com/stock/IDCC/">IDCC</a>)
IDCC is a global research and development company focusing on wireless, video, and artificial intelligence (AI) technologies. The company designs and develops foundational technologies for connected experiences in various communications and entertainment products.
On October 1, IPCC announced a new <a href="https://ir.interdigital.com/news-events/press-releases/news-details/2024/InterDigital-signs-new-license-agreements-with-TPV/default.aspx">patent license agreement</a> with TPV, a major manufacturer of a range of digital TVs under various brands. Through this agreement, TPV has acquired the license to include IDCC's extensive portfolio of HEVC patents as well as DTV patents licensed through IDCC's joint licensing program with Sony.
For the fiscal second quarter that ended June 30, 2024, IDCC's revenues grew by 120% year-over-year to $223.49 million. Income from operations increased 472.8% from the year-ago value to $133.91 million. Also, the company's adjusted EBITDA rose 194.5% from the prior-year quarter to $157.74 million.
Furthermore, the company's non-GAAP net income and non-GAAP EPS grew 233.7% and 251.5% from the previous year's period to $118.90 million and $4.57, respectively.
The consensus revenue estimate of $716.69 million for the fiscal year ending December 2024 reflects a rise of 30.4% year-over-year. Its EPS for the same period is expected to increase 13.6% from the prior year to $10.48. Furthermore, the company topped the consensus revenue and EPS estimates in each of the four trailing quarters, which is noteworthy.
IDCC's stock has gained 28.8% over the past three months and 94.6% over the past year to close the last trading session at $155.86.
IDCC's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, translating to Buy in our proprietary rating system.
Beyond what we've stated above, we have also rated the stock for Growth, Momentum, Stability, and Sentiment. Get all IDCC ratings <a href="https://stocknews.com/stock/IDCC/">here</a>.
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TMUS shares rose $0.84 (+0.39%) in premarket trading Tuesday. Year-to-date, TMUS has gained 36.16%, versus a 24.09% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/tmus-cmcsa-idcc-avgo-3-communication-stocks-that-could-pop-after-q3-earnings/>3 Communication Stocks That Could Pop After Q3 Earnings</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Communication Stocks That Could Pop After Q3 Earnings

AAPL

ACIW

AVGO

BLDR

CMCSA

CNXC

CTSH

GDDY

GNRC

GRBK

LDOS

MSFT

NXPI

PLTR

RSPT

SPLG

SPOK

TMUS

TOST

TRMB

YELP

Press Releases

InterDigital to Showcase Excellence in Broadcast and Immersive Video Solutions at IBC 2024

At 6GSymposium, InterDigital to Lead Crucial Discussions on Emerging Use Cases and Avenues Towards 6G Profitability

Interdigital Announces Increase of Regular Quarterly Cash Dividend

InterDigital Announces Annual Recurring Revenue Target Of $1 Billion By 2030

InterDigital Wins Two CSI Awards for Best Immersive Video and Video Processing Technology

Sports

InterDigital to Outline Immersive Technologies Enhancing Sports Experiences at Mobile World Congress Las Vegas

InterDigital and Lenovo agree to enter into new license agreement – final terms to be determined in binding arbitration

UPDATE -- InterDigital and Lenovo agree to enter into new license agreement – final terms to be determined in binding arbitration

InterDigital Announces Date for Third Quarter 2024 Financial Results

Roth MKM

Jefferies

B of A Securities

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