Interdigital Inc (IDCC) is trading 16% higher at $47.07 today. The market is undergoing a significant macro move (2.03%) which could be a factor in the stock's movement.
- InterDigital has entered into a patent license agreement
- The company has raised its revenue expectations for Q3 to $112M-$115M, up from $96M-$100M
- Shares of InterDigital have gained in response to the news
Interdigital Inc has been trading between a 52-week high of $73.06 and a 52-week low of $40.23. The stock has a market cap of $1.4 Billion.
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. The Company solves many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading technology companies.