InterDigital Inc (IDCC)

[FISH21049]

InterDigital Brings EdgeLink Solution to Rutgers University
Zacks
Zacks Equity Research
,Zacks • May 27, 2019

Per media reports, InterDigital, Inc. IDCC recently announced that its EdgeLink solution has been made available to Rutgers University in New Jersey, with an aim to be included in the Platforms for Advanced Wireless (PAWR)-funded COSMOS testbed in New York City.

The wireless R&D company’s EdgeLink is an integrated millimeter wave Mesh transport technology with a centrally controlled Mesh software. The solution allows researchers to develop and test mesh networking algorithms over 60GHz mmWave radio links.

COSMOS is a joint project involving Rutgers University, Columbia University and New York University, along with several partner organizations. Reportedly, the testbed would be deployed in Manhattan and will comprise 40 to 50 advanced software-defined radio nodes, coupled with fiber-optic networks.

Markedly, the testbed aims to support the experimentation of next-generation wireless technologies and applications that focus on ultra-high bandwidth and low latency wireless communication, along with edge cloud computing.

InterDigital is optimizing its strength in core wireless licensing business. It has taken steps to drive shareholder value through the buyout of Technicolor licensing business. This has created significant new licensing opportunity in the video and consumer electronics markets.

The company has also made an offer to acquire the Research & Innovation unit of Technicolor SA, a technology leader in the media and entertainment sector. It is poised to benefit from growth opportunities, fueled by the 5G rollout. Strategic acquisitions are expected to be accretive to InterDigital’s financials and contribute to its long-term growth.

InterDigital has long-term EPS growth expectation of 15%. The stock has incurred an average loss of 18.9% against the industry’s rise of 6.2% over the past year. It is to be seen whether state-of-the-art solution offerings can help turnaround the company’s profitability in the near future.



InterDigital’s commitment toward licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. Its global footprint, diversified product portfolio and ability to penetrate in different markets are impressive.

Currently, InterDigital has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Harris Corp. HRS, Ubiquiti Networks, Inc. UBNT and Juniper Networks, Inc. JNPR, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.