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redviking

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redviking

Re: olddog967 post# 418981

Thursday, 08/24/2017 10:18:18 AM

Thursday, August 24, 2017 10:18:18 AM

Post# of 433269
B. Riley analyst, Eric Wold, reiterated his Buy rating on shares of InterDigital Inc. (NASDAQ: IDCC) after the company provided initial Q3 revenue guidance that exceeded consensus estimates for total revenues. New revenue guidance is $90.0-$98.0MM, ahead of consensus of $90.7MM.

The analyst notes that this range includes an estimated past patent royalty payment of $7.0-$10.0MM from Huawei. He stated "we are increasing our Q3 estimates, but making no other changes to our underlying 2017 or 2018 modeled expectations" and believes that the story remains underappreciated.

No change to the price target of $100.

https://www.streetinsider.com/Analyst+Comments/InterDigital+%28IDCC%29%3A+Increased+Guidance+Highlight+This+Hidden+Gem+-+B.Riley/13229722.html
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