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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash-to-Debt 3.50
IDCC's Cash-to-Debt is ranked higher than
72% of the 454 Companies
in the Global Telecom Services industry.

( Industry Median: 0.44 vs. IDCC: 3.50 )
Ranked among companies with meaningful Cash-to-Debt only.
IDCC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37  Med: 6.63 Max: 1157.41
Current: 3.5
0.37
1157.41
Equity-to-Asset 0.43
IDCC's Equity-to-Asset is ranked higher than
57% of the 453 Companies
in the Global Telecom Services industry.

( Industry Median: 0.41 vs. IDCC: 0.43 )
Ranked among companies with meaningful Equity-to-Asset only.
IDCC' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.15  Med: 0.42 Max: 0.87
Current: 0.43
-0.15
0.87
Interest Coverage 25.96
IDCC's Interest Coverage is ranked higher than
67% of the 370 Companies
in the Global Telecom Services industry.

( Industry Median: 7.30 vs. IDCC: 25.96 )
Ranked among companies with meaningful Interest Coverage only.
IDCC' s Interest Coverage Range Over the Past 10 Years
Min: 5.48  Med: 20.5 Max: N/A
Current: 25.96
Piotroski F-Score: 9
Altman Z-Score: 4.58
Beneish M-Score: -0.71
WACC vs ROIC
10.13%
471.63%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 10/10

vs
industry
vs
history
Operating Margin % 65.68
IDCC's Operating Margin % is ranked higher than
99% of the 453 Companies
in the Global Telecom Services industry.

( Industry Median: 7.70 vs. IDCC: 65.68 )
Ranked among companies with meaningful Operating Margin % only.
IDCC' s Operating Margin % Range Over the Past 10 Years
Min: 9.84  Med: 42.65 Max: 65.68
Current: 65.68
9.84
65.68
Net Margin % 46.41
IDCC's Net Margin % is ranked higher than
98% of the 455 Companies
in the Global Telecom Services industry.

( Industry Median: 3.68 vs. IDCC: 46.41 )
Ranked among companies with meaningful Net Margin % only.
IDCC' s Net Margin % Range Over the Past 10 Years
Min: 8.54  Med: 28.18 Max: 46.41
Current: 46.41
8.54
46.41
ROE % 53.92
IDCC's ROE % is ranked higher than
97% of the 437 Companies
in the Global Telecom Services industry.

( Industry Median: 6.20 vs. IDCC: 53.92 )
Ranked among companies with meaningful ROE % only.
IDCC' s ROE % Range Over the Past 10 Years
Min: 7.29  Med: 23.84 Max: 67.85
Current: 53.92
7.29
67.85
ROA % 20.91
IDCC's ROA % is ranked higher than
97% of the 462 Companies
in the Global Telecom Services industry.

( Industry Median: 2.38 vs. IDCC: 20.91 )
Ranked among companies with meaningful ROA % only.
IDCC' s ROA % Range Over the Past 10 Years
Min: 3.52  Med: 9.3 Max: 26.47
Current: 20.91
3.52
26.47
ROC (Joel Greenblatt) % 3638.47
IDCC's ROC (Joel Greenblatt) % is ranked higher than
100% of the 458 Companies
in the Global Telecom Services industry.

( Industry Median: 14.31 vs. IDCC: 3638.47 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
IDCC' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 31.09  Med: 707.92 Max: 3579.53
Current: 3638.47
31.09
3579.53
3-Year Revenue Growth Rate 34.10
IDCC's 3-Year Revenue Growth Rate is ranked higher than
94% of the 399 Companies
in the Global Telecom Services industry.

( Industry Median: 2.40 vs. IDCC: 34.10 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
IDCC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -22.5  Med: 16.7 Max: 77.3
Current: 34.1
-22.5
77.3
3-Year EBITDA Growth Rate 70.40
IDCC's 3-Year EBITDA Growth Rate is ranked higher than
96% of the 343 Companies
in the Global Telecom Services industry.

( Industry Median: 1.60 vs. IDCC: 70.40 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
IDCC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -59.1  Med: 8.5 Max: 114.7
Current: 70.4
-59.1
114.7
3-Year EPS without NRI Growth Rate 112.10
IDCC's 3-Year EPS without NRI Growth Rate is ranked higher than
97% of the 289 Companies
in the Global Telecom Services industry.

( Industry Median: -2.60 vs. IDCC: 112.10 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
IDCC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -1.7 Max: 188.4
Current: 112.1
0
188.4
GuruFocus has detected 3 Warning Signs with InterDigital Inc $IDCC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» IDCC's 10-Y Financials

Financials (Next Earnings Date: 2017-07-27 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

IDCC Guru Trades in Q2 2016

Jim Simons 506,393 sh (+126.38%)
FPA Capital Fund 713,030 sh (unchged)
Paul Tudor Jones Sold Out
First Pacific Advisors 1,438,101 sh (-3.62%)
Joel Greenblatt 405,474 sh (-8.90%)
» More
Q3 2016

IDCC Guru Trades in Q3 2016

Paul Tudor Jones 4,600 sh (New)
Jim Simons 566,893 sh (+11.95%)
FPA Capital Fund 353,448 sh (-50.43%)
First Pacific Advisors 683,814 sh (-52.45%)
Joel Greenblatt 142,955 sh (-64.74%)
» More
Q4 2016

IDCC Guru Trades in Q4 2016

Joel Greenblatt 286,271 sh (+100.25%)
Jim Simons 518,100 sh (-8.61%)
Paul Tudor Jones 3,800 sh (-17.39%)
First Pacific Advisors 482,879 sh (-29.38%)
FPA Capital Fund 240,325 sh (-32.01%)
» More
Q1 2017

IDCC Guru Trades in Q1 2017

FPA Capital Fund 223,955 sh (-6.81%)
» More
» Details

Insider Trades

Latest Guru Trades with IDCC

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Business Description

Industry: Communication Services » Telecom Services    NAICS: 517210    SIC: 4812
Compare:NYSE:TDS, OTCPK:ROSYY, OTCPK:KKKUF, OTCPK:TLKGY, OTCPK:SNMMF, NYSE:USM, OTCPK:ZONMY, NAS:FTR, OTCPK:PTXAF, OTCPK:SRHBY, OTCPK:TKTCY, NYSE:NTL, NYSE:CABO, OTCPK:MOBAF, OTCPK:TSSLF, OTCPK:DRHKF, NAS:WSTC, NAS:CCOI, AMEX:GSAT, OTCPK:FRTAF » details
Traded in other countries:IDI.Germany,
Headquarter Location:USA
InterDigital Inc designs and develops technologies that enable and enhance wireless communications and capabilities. The Company is a contributor of intellectual property to the wireless communications industry.

InterDigital designs and develops technologies that enable and enhance wireless communications and capabilities. The company derives revenue primarily from patent licensing and sales, with contributions from technology solutions licensing and sales and engineering services. However, the majority of revenue is recurring in nature as they are from current patent royalties and sales as well as technology solutions revenue. Interdigital is focused on two technology areas: cellular wireless technology and "Internet of Things" technology.

Guru Investment Theses on InterDigital Inc

FPA Capital Fund Comments on Interdigital - Oct 13, 2016

As value managers, we seek to increase the size of our positions when the market disagrees with our long-term view, and do the opposite when the market ceases to provide us with an adequate margin of safety. We don’t always get it right, but InterDigital, Inc. (NASDAQ:IDCC) epitomizes such behavior. When the market failed to recognize IDCC’s normalized earnings power, we reviewed our thesis, worked through our upside/downside case, and then took action by substantially increasing our position. Finally, this year, the seeds blossomed and we have substantially reduced our position.

From FPA Capital Fund (Trades, Portfolio)'s third quarter 2016 commentary.

Check out FPA Capital Fund latest stock trades

FPA Capital Comments on InterDigital - May 09, 2016

There has been—and will continue to be—tremendous growth in wireless communication. But it’s hard to predict the future market share of any individual company. Nokia and Ericsson were the major mobile phone players 15 to 20 years ago. Today, their phones are industry footnotes, and Apple and Samsung dominate. InterDigital (NASDAQ:IDCC) is a company that will allow us to participate in this growth without betting on which smart phone, tablet, or e-reader companies will hold the largest market share in the future. InterDigital’s role is to sell critical technology across the wireless industry. To make sure its technology maintains a vital place inside networks and devices, the company employs 175 engineers who work on new inventions and patents every day. To date, they have obtained or applied for about 20,000 patents, a testament to InterDigital’s innovative strength. The company also works with Standard Development Organizations to incorporate its technology into the standards that ensure that a Samsung Galaxy on Verizon’s network can communicate with an iPhone with service from China Telecom.

We initiated a small position in 2011 and had a chance to increase our ownership substantially in 2012, when InterDigital had lawsuits pending that claimed large industry players owed the company royalties related to the deployment of 4G/LTE technology. They were similar to the lawsuits that followed the rollout of 2G and 3G wireless technologies. In all these cases, the users of the technology waited for the lawsuits to run their course before agreeing on a licensing rate. Our research suggested that there was no doubt that everyone was using their technology. During this downturn, the company managed its balance sheet extremely well and continued to generate cash. It decreased the share count from 45 million at the end of 2010 to 36 million today. Yet net cash still makes up almost 25% of the company’s market capitalization. InterDigital’s goal is to reach $600 million of revenue. At that time, the company could be able to generate more than $7 cash earnings.

In summary, we believe that the world will use more smart phones and tablets going forward, but we don’t know who the top sellers will be. We’ve decided not to try to predict that. We’d rather invest in a company that supplies its technology to all the players. In short: We see InterDigital as a backdoor way to participate in the growth of mobile communications.

From FPA Capital Fund (Trades, Portfolio)'s first quarter 2016 commentary.

Check out FPA Capital Fund latest stock trades

Top Ranked Articles about InterDigital Inc

InterDigital Announces Financial Results for First Quarter 2017
InterDigital Announces Date for First Quarter 2017 Financial Results
InterDigital Joins the 5G Automotive Association
InterDigital Adds Former Time Warner Cable Executive Joan Gillman to Board of Directors
InterDigital Wins IEEE Technology Innovation Award for Millimeter Wave Communication Technology 
InterDigital Board of Directors Declares Regular Quarterly Cash Dividend

WILMINGTON, Del., March 29, 2017 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that its Board of Directors has declared a regular quarterly cash dividend of $.30 per share on its common stock, payable on April 26, 2017 to shareholders of record at the close of business on April 12, 2017.
About InterDigital® InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index. InterDigital is a registered trademark of InterDigital, Inc. For more information, visit: www.interdigital.com.
InterDigital Contact:
Patrick Van de Wille
Email: [email protected]
1 (858) 210-4814

Read more...
InterDigital Announces Date of Annual Meeting of Shareholders

WILMINGTON, Del., March 29, 2017 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, today announced that its Board of Directors has set the date for the company’s 2017 Annual Meeting of Shareholders. The meeting will be held on Wednesday, June 14, 2017 at 11:00 a.m. Eastern Time. Shareholders of record of InterDigital’s common stock at the close of business on April 12, 2017 are entitled to notice of, and to vote at, the meeting.
The company will hold its annual meeting on the internet through an interactive webcast. Information about how to access the webcast will be provided closer to the meeting date. About InterDigital® InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index. InterDigital is a registered trademark of InterDigital, Inc. For more information, visit: www.interdigital.com.
InterDigital Contact:
Patrick Van de Wille
Email: [email protected]
1 (858) 210-4814

Read more...
InterDigital at Enterprise IoT Summit: Standards-Based IoT Essential for Maximizing Smart City Investment

Company featured in 5G for IoT applications and use cases keynote alongside Intel, Qualcomm

WILMINGTON, Del., March 27, 2017 (GLOBE NEWSWIRE) -- Ahead of the company’s participation in the debut Enterprise IoT Summit in Austin, TX (March 28 and 29), Jim Nolan, InterDigital’s Executive Vice President, IoT Solutions, has a clear message: responsible and intelligent deployment of IoT technologies, particularly in Smart Cities, requires the adoption of standard-based solutions.
“Whether it’s through the adoption of established standards like oneM2M™ or the increasing role of 5G technologies that address Massive Machine-Type Communications, responsible deployment of technology requires the future-proofing and guaranteed interoperability that standards are designed to drive,” said Mr. Nolan. “A study by Machina Research last year showed that, in Smart Cities alone, deployments could squander $341 billion, or 30% of the cost of implementation, if they adopt non-standard solutions. In an area where so much spending will be driven by publicly-funded infrastructure development, it’s essentially a matter of responsible government to make a standards-driven technology choice. In other areas of IoT, which the World Economic Forum states could comprise two thirds of global GDP over the next decade, that 30% savings is just good economic and business sense.” InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, will participate in a keynote panel at the Enterprise IoT Summit, at the Palmer Events Center, Austin, TX.  The keynote titled, “5G for IoT Applications and Use Cases”, led by Dan Meyer, RCR Wireless News Editor-in-Chief, will bring together the following industry leaders: Caroline Chan, General Manager, 5G Infrastructure Division, Intel;Neville Meijers, Vice President, Business Development, Qualcomm Technologies, Inc.;Nadine Manjaro, Lead IoT Consultant, InterDigital;Peter DeNagy, President, Acommence Advisors and Tri-Chair, Tech Titans IoT Forum; andJake MacLeod, President and CEO, GreyBeards Consulting. The keynote panel session will take place on Tuesday, March 28th from 11:30 A.M. to 12:00 P.M. In addition to the keynote panel session, InterDigital will participate in the following panel discussions on Tuesday, March 28th: “Smart Building – Solutions for Retail, Small Business, and Large Office Spaces,” will feature Dr. Vanja Subotic, Director, InterDigital, and Nader Nanjiani, Marketing Director, Harman in Meeting Room 2 from 2:30 P.M. to 3:15 P.M.“How Do Cities Monetize Data,” featuring Jennifer Sanders, Executive Director, Dallas Innovation Alliance; D. Brent Messer, CIO, Chattanooga.Gov; and Dr. Vanja Subotic, Director, InterDigital in Meeting Room 1 from 4:30 P.M. to 5:15 P.M. The Enterprise IoT Summit is a two-day conference aimed at professionals tasked with digitally transforming their enterprise by leveraging IoT technologies. The conference agenda is filled with in-depth presentations, use cases and workshops that cover oil and gas, healthcare, manufacturing, smart cars, smart cities and more. Attendees of Enterprise IoT Summit can learn more about InterDigital IoT Solutions at Stand 115. About InterDigital® InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index. InterDigital is a registered trademark of InterDigital, Inc. oneM2M is a trademark of the Partners Type 1 of oneM2M. For more information, visit www.interdigital.com.
InterDigital Contact:
Patrick Van de Wille
Email: [email protected]
1 (858) 210-4814

Read more...
InterDigital Joins Industry-Leading Peers in GSMA NB-IoT Forum

Company Expands Industry Ecosystem to Support Adoption and Growth of the IoT

WILMINGTON, Del., March 21, 2017 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile technology research and development company, announced that the company has joined the GSMA as well as the GSMA’s Mobile IoT Initiative and GSMA NB-IoT Forum focused on Low Power, Wide Area (LPWA) technology, during Mobile World Congress 2017 in Barcelona.
“InterDigital is pleased to join the GSMA, the GSMA Mobile IoT Initiative and the GSMA NB-IoT forum alongside industry-leading peers and looks forward to contributing to the massive diffusion of NB-IoT and other mobile IoT technologies,” said Jim Nolan, Executive Vice President, IoT Solutions, InterDigital. “The GSMA’s Connecting Living Programme is also a great opportunity for InterDigital to cooperate with the main industry players and to enter into the ecosystem that will drive the 2020 digital transformation.” InterDigital will contribute by providing its expertise and supporting trials, pilots and commercial launches with its IoT portfolio based on open standards and protocols such as oneM2M™ and OMA LWM2M. The GSMA NB-IoT forum aims to accelerate the widespread adoption of 3GPP-based NB-IoT technology. The Forum’s members include over 60 industry leaders such as Vodafone, Huawei, Ericsson, Intel, Nokia, Telefonica, among others, committed to positively contributing to the Forum’s high-level objectives that include facilitating demonstrations and proof of concept trials and promoting collaboration between all NB-IoT industry partners to ensure interoperability of solutions. Similarly, the GSMA Connected Living Programme is an initiative to help operators add value and accelerate the delivery of new connected devices and services in the IoT market. This is to be achieved by industry collaboration, appropriate regulation, optimizing networks as well as developing key enablers to support the growth of IoT. The GSMA also established the Mobile IoT Initiative to support in the development, growth and adoption of LPWA technology in licensed spectrum. “In the space of nine months, the GSMA’s Mobile IoT Initiative has helped to establish market standards for LPWA that will play a fundamental role in securely and cost effectively connecting the billions of new devices making up the IoT,” said Graham Trickey, Head of Connected Living Programme, GSMA. “We look forward to supporting the industry with the numerous pilots and commercial roll-outs that are planned this year.”

To learn more about the GSMA Connected Living Programme, please click here and for more on the GSMA NB-IoT Forum, please click here. About InterDigital® InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index. InterDigital is a registered trademark of InterDigital, Inc. oneM2M is a trademark of the Partners Type 1 of oneM2M. For more information, visit: www.interdigital.com.
InterDigital Contact:
Patrick Van de Wille
Email: [email protected]
1 (858) 210-4814

Read more...
TIA Survey Reveals Deployment Hurdles for Operators Before Commercial 5G in 2020

Network densification, data offload and backhaul pose challenges for operators ahead of fully commercial 5G

WILMINGTON, Del., March 16, 2017 (GLOBE NEWSWIRE) -- A recent survey report for the Telecommunications Industry Association (TIA) from Tolaga Research, and sponsored by InterDigital (NASDAQ:IDCC), has identified a number of deployment hurdles that must be overcome before 5G is fully commercialized in 2020 and beyond. In line with common industry assumptions, TIA’s survey reveals that 33 percent of operator respondents expect they will offer commercial 5G services by 2020, but that a lack of diversity in 5G network densification, disparate data offload strategies and uncertainties around backhaul technology must be overcome before 5G can become a reality.
The TIA survey has revealed that a lack of partner diversity is likely to challenge 5G network densification efforts. Small cell sites are a key requirement for the mainstream rollout of 5G, which means operators need to ensure they have the right partnerships in place to address site acquisition challenges for small cells. The survey revealed that most operators planned to partner with building owners (75%), electrical utilities (64 %) and public lighting companies (61%) for their network densification efforts. Without broader partnership strategies, operators in many markets will struggle with their 5G network densification objectives, and it is therefore crucial for operators to broaden their range of partnerships to enable the small cell densification demanded by 5G. The survey also revealed that operators have diverse data offload strategies for 5G, looking towards both licensed and unlicensed spectrum in order to meet bandwidth requirements for 5G. However, data offload strategies differ depending on market conditions, competitive landscapes and the legacy systems that they operate. While just over half of respondents (55%) plan to deploy Licensed Assisted Access (LAA) and prefer the notion of operating LTE in unlicensed spectrum, the majority, at 79%, plan to use plain Wi-Fi. 41% favored both LTE Wi-Fi integration as well as more advanced LTE Wi-Fi aggregation (LWA) technology, while just 4% are interested in deploying MulteFire where they do not have access to licensed spectrum or as an alternative technology for small cell partnerships. As 5G requires high capacity backhaul to deliver its intended peak data rates, it is unsurprising that every operator identified fiber as an important backhaul and transport technology for 5G. However, fiber is costly to implement and is not necessarily economical for many deployment scenarios. But point-to-point millimeter wave technology was also identified as important by 61% of operators – higher than all other technologies identified except fiber. Millimeter wave backhaul technologies have traditionally been challenged by operational complexities, but advancements in antenna technologies and signal processing are helping address its technical challenges. At Mobile World Congress this year, InterDigital demonstrated Crosshaul technology with its EdgeLink™ 60GHz Platform, integrating fronthaul and backhaul traffic over a common packet-based transport network, to provide a unified control plane and user plane for the diverse set of 5G traffic requirements. The EdgeLink™ 60GHz Platform  is a millimeter wave transport solution that delivers multi-gigabit per second throughput with low-latency and high-availability. “There is a clear industry consensus that we will see commercial deployments of 5G by 2020, which means there are increasing pressures for technology players to showcase market thought leadership and bring 5G to life sooner rather than later. However, we shouldn’t underestimate the significant deployment challenges ahead; areas like network densification, data offload and backhaul are all key to make 5G a reality, and operators need to ensure they have a strategy in place for the mainstream rollout of 5G,” said Dr. Robert DiFazio, Vice President, InterDigital Labs. “This research demonstrates the efforts operators are putting into making 5G a reality. However, while significant strides are being made, there is still some way to go to ensure operators have the capabilities to handle and offer 5G services.”   Additional insights from the survey also reveal: Over a quarter (26%) of operators are planning to trial 5G over the next 24 months. This is especially evident in markets such as China, Japan, Australia and the United States.Almost half of respondents expect to have made 5G investments as part of their capital expenditure budgets by the end of 2020.More than two thirds of respondents are in favor of trialing radio rather than core network technology. For the operators trialing core network, efforts are being focused around deploying NFV and SDN functionality – precursors of 5G.Fiber was ranked as the most important backhaul and transport technology for 5G, followed by millimeter wave.Security concerns around 5G are on the rise. Almost all respondents (90%) believe that security is more challenging for autonomous vehicles; 66.7% believe security will be a challenge for ultra-reliable and low latency services; and 63.3% believe security will be difficult for massive machine type communications.There is optimism around network slicing. 70% of operators believe it is important for network efficiencies; 73.4% believe it is important for enhanced service quality; and 83.4% believe it’s important for revenue opportunities. InterDigital develops wireless technologies for mobile devices, networks, and services, and is a key contributor to global wireless standards. It designs and develops a wide range of innovations, and has been involved in the development of 2G, 3G, 4G and now 5G. It is playing a key role in a number of key 5G projects including the EU 5G-Crosshaul project. 5G Crosshaul is a next generation integration project involving players such as Nokia, Ericsson, Orange and Telefonica, and will bring a coordinated approach to the transport technologies and protocols needed for 5G deployments. The full TIA White Paper, entitled ‘5G Operator Survey,’ is available to download here. About InterDigital® InterDigital develops mobile technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index. InterDigital is a registered trademark of InterDigital, Inc. EdgeLink is a trademark of InterDigital. For more information, visit: www.interdigital.com. Methodology The Telecommunications Industry Association (TIA) and InterDigital commissioned Tolaga Research to develop a study of 31 executives employed by network operators that are either directly involved in 5G technology development and trials, or have a clear understanding of the 5G activities being pursued by their company. The objective of the survey was to gain insights into the 5G trial and deployment activities, design priorities and target markets for communication network operators across different global regions.
InterDigital Contact:
Patrick Van de Wille
Email: [email protected]
1 (858) 210-4814

Read more...

Ratios

vs
industry
vs
history
PE Ratio 10.24
IDCC's PE Ratio is ranked higher than
89% of the 336 Companies
in the Global Telecom Services industry.

( Industry Median: 19.96 vs. IDCC: 10.24 )
Ranked among companies with meaningful PE Ratio only.
IDCC' s PE Ratio Range Over the Past 10 Years
Min: 5.15  Med: 16.72 Max: 133.45
Current: 10.24
5.15
133.45
Forward PE Ratio 33.00
IDCC's Forward PE Ratio is ranked lower than
99.99% of the 372 Companies
in the Global Telecom Services industry.

( Industry Median: 15.38 vs. IDCC: 33.00 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 10.24
IDCC's PE Ratio without NRI is ranked higher than
88% of the 322 Companies
in the Global Telecom Services industry.

( Industry Median: 20.32 vs. IDCC: 10.24 )
Ranked among companies with meaningful PE Ratio without NRI only.
IDCC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 5.15  Med: 16.72 Max: 133.45
Current: 10.24
5.15
133.45
Price-to-Owner-Earnings 22.13
IDCC's Price-to-Owner-Earnings is ranked lower than
60% of the 229 Companies
in the Global Telecom Services industry.

( Industry Median: 17.50 vs. IDCC: 22.13 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
IDCC' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 3.44  Med: 13.68 Max: 123.95
Current: 22.13
3.44
123.95
PB Ratio 4.17
IDCC's PB Ratio is ranked lower than
75% of the 439 Companies
in the Global Telecom Services industry.

( Industry Median: 2.23 vs. IDCC: 4.17 )
Ranked among companies with meaningful PB Ratio only.
IDCC' s PB Ratio Range Over the Past 10 Years
Min: 2.04  Med: 4.36 Max: 16.44
Current: 4.17
2.04
16.44
PS Ratio 4.74
IDCC's PS Ratio is ranked lower than
86% of the 449 Companies
in the Global Telecom Services industry.

( Industry Median: 1.47 vs. IDCC: 4.74 )
Ranked among companies with meaningful PS Ratio only.
IDCC' s PS Ratio Range Over the Past 10 Years
Min: 2.23  Med: 4.39 Max: 10.22
Current: 4.74
2.23
10.22
Price-to-Free-Cash-Flow 8.14
IDCC's Price-to-Free-Cash-Flow is ranked higher than
82% of the 227 Companies
in the Global Telecom Services industry.

( Industry Median: 18.35 vs. IDCC: 8.14 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
IDCC' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 3.04  Med: 11.97 Max: 107.15
Current: 8.14
3.04
107.15
Price-to-Operating-Cash-Flow 7.32
IDCC's Price-to-Operating-Cash-Flow is ranked higher than
51% of the 312 Companies
in the Global Telecom Services industry.

( Industry Median: 7.08 vs. IDCC: 7.32 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
IDCC' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.68  Med: 8.5 Max: 155.48
Current: 7.32
2.68
155.48
EV-to-EBIT 5.57
IDCC's EV-to-EBIT is ranked higher than
94% of the 717 Companies
in the Global Telecom Services industry.

( Industry Median: 13.99 vs. IDCC: 5.57 )
Ranked among companies with meaningful EV-to-EBIT only.
IDCC' s EV-to-EBIT Range Over the Past 10 Years
Min: 1.9  Med: 7.7 Max: 96.4
Current: 5.57
1.9
96.4
EV-to-EBITDA 4.98
IDCC's EV-to-EBITDA is ranked higher than
79% of the 751 Companies
in the Global Telecom Services industry.

( Industry Median: 7.67 vs. IDCC: 4.98 )
Ranked among companies with meaningful EV-to-EBITDA only.
IDCC' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.8  Med: 6.25 Max: 28
Current: 4.98
1.8
28
PEG Ratio 0.50
IDCC's PEG Ratio is ranked higher than
94% of the 154 Companies
in the Global Telecom Services industry.

( Industry Median: 2.71 vs. IDCC: 0.50 )
Ranked among companies with meaningful PEG Ratio only.
IDCC' s PEG Ratio Range Over the Past 10 Years
Min: 0.01  Med: 1.17 Max: 15.06
Current: 0.5
0.01
15.06
Shiller PE Ratio 28.14
IDCC's Shiller PE Ratio is ranked lower than
68% of the 115 Companies
in the Global Telecom Services industry.

( Industry Median: 17.93 vs. IDCC: 28.14 )
Ranked among companies with meaningful Shiller PE Ratio only.
IDCC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.92  Med: 26.76 Max: 99.74
Current: 28.14
11.92
99.74
Current Ratio 2.87
IDCC's Current Ratio is ranked higher than
88% of the 440 Companies
in the Global Telecom Services industry.

( Industry Median: 1.09 vs. IDCC: 2.87 )
Ranked among companies with meaningful Current Ratio only.
IDCC' s Current Ratio Range Over the Past 10 Years
Min: 0.71  Med: 3.31 Max: 8.21
Current: 2.87
0.71
8.21
Quick Ratio 2.87
IDCC's Quick Ratio is ranked higher than
89% of the 440 Companies
in the Global Telecom Services industry.

( Industry Median: 1.01 vs. IDCC: 2.87 )
Ranked among companies with meaningful Quick Ratio only.
IDCC' s Quick Ratio Range Over the Past 10 Years
Min: 0.55  Med: 3.27 Max: 7.98
Current: 2.87
0.55
7.98
Days Sales Outstanding 125.24
IDCC's Days Sales Outstanding is ranked lower than
87% of the 347 Companies
in the Global Telecom Services industry.

( Industry Median: 47.59 vs. IDCC: 125.24 )
Ranked among companies with meaningful Days Sales Outstanding only.
IDCC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 31.11  Med: 73.83 Max: 261.3
Current: 125.24
31.11
261.3
Days Payable 45.17
IDCC's Days Payable is ranked lower than
65% of the 292 Companies
in the Global Telecom Services industry.

( Industry Median: 65.46 vs. IDCC: 45.17 )
Ranked among companies with meaningful Days Payable only.
IDCC' s Days Payable Range Over the Past 10 Years
Min: 27.75  Med: 55.04 Max: 220.61
Current: 45.17
27.75
220.61

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.22
IDCC's Dividend Yield % is ranked lower than
90% of the 749 Companies
in the Global Telecom Services industry.

( Industry Median: 2.80 vs. IDCC: 1.22 )
Ranked among companies with meaningful Dividend Yield % only.
IDCC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.4  Med: 1.09 Max: 1.89
Current: 1.22
0.4
1.89
Dividend Payout Ratio 0.11
IDCC's Dividend Payout Ratio is ranked higher than
97% of the 310 Companies
in the Global Telecom Services industry.

( Industry Median: 0.73 vs. IDCC: 0.11 )
Ranked among companies with meaningful Dividend Payout Ratio only.
IDCC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.06  Med: 0.22 Max: 0.44
Current: 0.11
0.06
0.44
3-Year Dividend Growth Rate 31.00
IDCC's 3-Year Dividend Growth Rate is ranked higher than
86% of the 195 Companies
in the Global Telecom Services industry.

( Industry Median: 5.10 vs. IDCC: 31.00 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
IDCC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 31
Current: 31
0
31
Forward Dividend Yield % 1.33
IDCC's Forward Dividend Yield % is ranked lower than
90% of the 720 Companies
in the Global Telecom Services industry.

( Industry Median: 4.10 vs. IDCC: 1.33 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 2.56
IDCC's 5-Year Yield-on-Cost % is ranked lower than
77% of the 800 Companies
in the Global Telecom Services industry.

( Industry Median: 4.52 vs. IDCC: 2.56 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
IDCC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.85  Med: 2.31 Max: 4
Current: 2.56
0.85
4
3-Year Average Share Buyback Ratio 5.20
IDCC's 3-Year Average Share Buyback Ratio is ranked higher than
94% of the 271 Companies
in the Global Telecom Services industry.

( Industry Median: -1.60 vs. IDCC: 5.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
IDCC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -27.5  Med: -1.5 Max: 7.2
Current: 5.2
-27.5
7.2

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 13.24
IDCC's Price-to-Net-Current-Asset-Value is ranked lower than
81% of the 106 Companies
in the Global Telecom Services industry.

( Industry Median: 4.36 vs. IDCC: 13.24 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
IDCC' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.26  Med: 15.07 Max: 462.5
Current: 13.24
4.26
462.5
Price-to-Tangible-Book 7.23
IDCC's Price-to-Tangible-Book is ranked lower than
79% of the 315 Companies
in the Global Telecom Services industry.

( Industry Median: 2.96 vs. IDCC: 7.23 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
IDCC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.35  Med: 8.62 Max: 172.94
Current: 7.23
3.35
172.94
Price-to-Intrinsic-Value-Projected-FCF 1.18
IDCC's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
62% of the 220 Companies
in the Global Telecom Services industry.

( Industry Median: 1.43 vs. IDCC: 1.18 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
IDCC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.57  Med: 1.53 Max: 66
Current: 1.18
0.57
66
Price-to-Intrinsic-Value-DCF (Earnings Based) 0.48
IDCC's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked higher than
98% of the 41 Companies
in the Global Telecom Services industry.

( Industry Median: 1.60 vs. IDCC: 0.48 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 1.08
IDCC's Price-to-Median-PS-Value is ranked lower than
51% of the 387 Companies
in the Global Telecom Services industry.

( Industry Median: 1.02 vs. IDCC: 1.08 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
IDCC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.51  Med: 1.18 Max: 11.98
Current: 1.08
0.51
11.98
Price-to-Peter-Lynch-Fair-Value 0.74
IDCC's Price-to-Peter-Lynch-Fair-Value is ranked higher than
94% of the 77 Companies
in the Global Telecom Services industry.

( Industry Median: 1.69 vs. IDCC: 0.74 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
IDCC' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.25  Med: 0.89 Max: 105.24
Current: 0.74
0.25
105.24
Price-to-Graham-Number 1.81
IDCC's Price-to-Graham-Number is ranked higher than
51% of the 202 Companies
in the Global Telecom Services industry.

( Industry Median: 1.80 vs. IDCC: 1.81 )
Ranked among companies with meaningful Price-to-Graham-Number only.
IDCC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.95  Med: 2.44 Max: 15.66
Current: 1.81
0.95
15.66
Earnings Yield (Greenblatt) % 17.95
IDCC's Earnings Yield (Greenblatt) % is ranked higher than
94% of the 802 Companies
in the Global Telecom Services industry.

( Industry Median: 6.61 vs. IDCC: 17.95 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
IDCC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1  Med: 12.9 Max: 52.5
Current: 17.95
1
52.5
Forward Rate of Return (Yacktman) % 18.86
IDCC's Forward Rate of Return (Yacktman) % is ranked higher than
77% of the 248 Companies
in the Global Telecom Services industry.

( Industry Median: 8.32 vs. IDCC: 18.86 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
IDCC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 3.9  Med: 13.3 Max: 861.6
Current: 18.86
3.9
861.6

More Statistics

Revenue (TTM) (Mil) $665.9
EPS (TTM) $ 8.78
Beta1.43
Short Percentage of Float4.70%
52-Week Range $51.97 - 102.30
Shares Outstanding (Mil)34.68

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 366 380
EPS ($) 2.72 2.81
EPS without NRI ($) 2.72 2.81
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
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