InterDigital, Inc. (IDCC) Jumps: Stock Rises 6.1%
InterDigital, Inc. (IDCC) was a big mover last session, as the company saw its shares rise by over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has now gained over 10% since May 1.
This wireless equipment company has seen one positive estimate revision over the last 30 days and its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for InterDigital. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.
InterDigital currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Some stocks in the same industry looking equally good include Polycom, Inc. (PLCM), Juniper Networks, Inc. (JNPR) and Ubiquiti Networks, Inc. (UBNT). While Polycom holds a Zacks Rank #1 (Strong Buy), Juniper Networks and Ubiquiti Networks carry a Zacks Rank #2 (Buy).
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INTERDIGITAL INC (IDCC): Free Stock Analysis Report
POLYCOM INC (PLCM): Free Stock Analysis Report
JUNIPER NETWORKS INC (JNPR): Free Stock Analysis Report
UBIQUITI NETWORKS INC (UBNT): Free Stock Analysis Report
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