InterDigital Inc (IDCC)

[Abig]

Another appearance in the IBD
THey seem to be popping up a lot which is a positive to me. IMHO

TECH LEADERS
Big Earnings Growth Seen For These 4 Top Techs
Weibo, also known as China's Twitter, is one of the leading tech stocks expected to post a big quarterly EPS gain. (Chen Jianhua/Imaginechina/Newscom)
Weibo, also known as China's Twitter, is one of the leading tech stocks expected to post a big quarterly EPS gain. (Chen Jianhua/Imaginechina/Newscom)
NANCY GONDO1/19/2017
FacebookTwitterLinkedInPrintShare Reprints
Since earnings season is about to kick into full gear, let's take a look at leading technology stocks with the biggest quarterly earnings estimates.

Wireless modem maker InterDigital (IDCC) tops the list with an expected 317% surge in Q4 earnings per share to $3.84, which would mark a second straight quarter of triple-digit profit gains. The company last month raised its Q4 sales outlook to $258 million-$268 million from earlier guidance of $95 million-$99 million, citing recurring revenue.

Also in December, InterDigital announced a patent license with Apple (AAPL) and an acquisition of sensor processing tech firm Hillcrest Labs. Terms weren't disclosed.

The stock may be shaping a flat base as it consolidates recent gains. It's recovered nicely from a 14% plunge on Oct. 27, which occurred on a bottom-line miss. Keep in mind that earnings reports can cause high volatility in stocks. InterDigital was one of the top tech stock winners last year, with an 86% gain.