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InterDigital Invests $50K for Mobile Edge Computing Research

Zacks Equity Research

InterDigital, Inc. IDCC recently communicated that it has contributed $50,000 to Carnegie Mellon University for the development of mobile edge computing research, through the Open Edge Computing Initiative. The amount will be used to drive the acceptance of Mobile Edge Computing in the IT and telecommunications industry, as well as end-customer industries.

Markedly, the wireless R&D company has been actively involved in edge computing research and has taken part in several projects aimed at uncovering the benefits of mobile edge computing for future applications. The company will join the Open Edge Computing Initiative — program for the advancement of edge computing — together with several companies and research organizations like Intel, Microsoft, Nokia Corporation NOK, T-Mobile US, Inc. TMUS and Vodafone Group Plc VOD.

The initiative is likely to provide attractive edge applications and drive the adoption of Open Edge Computing with application providers, operators and cloud service providers. It will further strengthen the global edge computing ecosystem by tackling key technical challenges on a global scale. It is committed to contributing to the research efforts that will help in supporting future technologies.

In July, the company announced its participation in the 5GROWTH project — part of H2020 5G-Public Private Partnership — a joint initiative between the European Commission and the European information and communication technology industry. InterDigital is playing a significant role in this venture by contributing technology intellectual property and coordination.

As part of the third phase of the H2020 5G Infrastructure initiative, 5GROWTH seeks to facilitate vertical industries with automated and intelligent 5G solutions. InterDigital is optimizing its strength in core wireless licensing business. It remains poised to benefit from future growth opportunities, fueled by the 5G rollout. It aims to contribute to the deployment of 5G technologies for the fourth industrial revolution use cases, uniting mission-critical automation with bandwidth-intensive video applications. The company is likely to provide software-defined virtualized platforms for distributed edge and fog computing.

InterDigital’s commitment toward licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand core market capability, is noteworthy. Currently, it has many leading companies under its licensing agreement and expects to grow its licensing revenue base by adding more firms that have attained market prominence over the past several years.

Its global footprint, diversified product portfolio and ability to penetrate in different markets are commendable. Apart from its strong portfolio of wireless technology solutions, the addition of technologies related to sensors, user interface and video to its offerings is likely to drive significant value, considering the massive size of the market it licenses.

InterDigital has long-term earnings growth expectation of 15%. It remains committed to its objective of expanding revenue streams while controlling operating expenses.

Shares of InterDigital have added 19.2% compared with the industry’s growth of 11.7% in the past three months.



The Zacks Consensus Estimate for its current-year earnings has been revised 34.4% upward over the past 60 days. The company surpassed earnings estimates thrice in the trailing four quarters, delivering an average beat of 52.5%.

InterDigital currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Nokia Corporation (NOK) : Free Stock Analysis Report
 
InterDigital, Inc. (IDCC) : Free Stock Analysis Report
 
T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report
 
Vodafone Group PLC (VOD) : Free Stock Analysis Report
 
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