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InterDigital (IDCC) Aims to Develop Immersive Media Delivery
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InterDigital Inc. (IDCC - Free Report) has joined forces with Broadpeak to spearhead advancements in immersive media delivery. The collaboration aims to develop robust content delivery networks capable of streaming MPEG Visual Volumetric Video-based Coding (V3C) immersive content at scale.
Founded in 2010 and headquartered in Cesson Sevigne, France, Broadpeak designs and manufactures video delivery components for content providers and network service providers deploying video streaming services over fixed, mobile or satellite broadband networks.
Volumetric video, integral to immersive experiences, presents a bandwidth challenge. The MPEG V3C standard addresses this by defining efficient coding and streaming mechanisms. InterDigital's expertise in mobile, video and AI technology, alongside Broadpeak's prowess in CDN and advanced video streaming solutions, forms the backbone of this venture.
InterDigital and Broadpeak will showcase their groundbreaking achievements in streaming volumetric video content to wide audiences at the Mobile World Congress in Barcelona. The collaboration represents a significant stride toward enhancing the delivery of immersive media and revolutionizing the streaming landscape, offering new possibilities for content providers and enriching user experiences.
InterDigital’s commitment to licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. It has leading companies, such as Huawei, Samsung, LG and Apple, under its licensing agreements. Consequently, the company expects to generate solid recurring revenues from the patent licensing business in the forthcoming quarters as well.
IDCC’s global footprint, diversified product portfolio and ability to penetrate different markets are impressive. Apart from the company’s 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. Furthermore, the company remains committed to pursuing acquisitions to drive its product portfolio and boost organic growth.
The company is focused on pursuing agreements with unlicensed customers in the handset and consumer electronics markets. InterDigital aims to become a leading designer and developer of technology solutions and innovation for the mobile industry, IoT and allied technology areas by leveraging its research and development capabilities, technological know-how and rich industry experience. At the same time, it intends to enhance its licensing revenue base by adding licensees and expanding into adjacent technology areas that align with its intellectual property position.
The stock has gained 42.8% over the past year compared with the industry’s growth of 4.6%.
Image Source: Zacks Investment Research
InterDigital currently carries a Zacks Rank #2 (Buy).
Ubiquiti Inc. (UI - Free Report) , carrying a Zacks Rank #2 at present, is a key pick in the broader industry. Headquartered in New York, it offers a comprehensive portfolio of networking products and solutions for service providers and enterprises at disruptive prices.
It boasts a proprietary network communication platform that is well-equipped to meet end-market customer needs. In addition, it is committed to reducing operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products, and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 20.2% and delivered an earnings surprise of 12%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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InterDigital (IDCC) Aims to Develop Immersive Media Delivery
InterDigital Inc. (IDCC - Free Report) has joined forces with Broadpeak to spearhead advancements in immersive media delivery. The collaboration aims to develop robust content delivery networks capable of streaming MPEG Visual Volumetric Video-based Coding (V3C) immersive content at scale.
Founded in 2010 and headquartered in Cesson Sevigne, France, Broadpeak designs and manufactures video delivery components for content providers and network service providers deploying video streaming services over fixed, mobile or satellite broadband networks.
Volumetric video, integral to immersive experiences, presents a bandwidth challenge. The MPEG V3C standard addresses this by defining efficient coding and streaming mechanisms. InterDigital's expertise in mobile, video and AI technology, alongside Broadpeak's prowess in CDN and advanced video streaming solutions, forms the backbone of this venture.
InterDigital and Broadpeak will showcase their groundbreaking achievements in streaming volumetric video content to wide audiences at the Mobile World Congress in Barcelona. The collaboration represents a significant stride toward enhancing the delivery of immersive media and revolutionizing the streaming landscape, offering new possibilities for content providers and enriching user experiences.
InterDigital’s commitment to licensing its broad portfolio of technologies to wireless terminal equipment makers, which allows it to expand its core market capability, is laudable. It has leading companies, such as Huawei, Samsung, LG and Apple, under its licensing agreements. Consequently, the company expects to generate solid recurring revenues from the patent licensing business in the forthcoming quarters as well.
IDCC’s global footprint, diversified product portfolio and ability to penetrate different markets are impressive. Apart from the company’s 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. Furthermore, the company remains committed to pursuing acquisitions to drive its product portfolio and boost organic growth.
The company is focused on pursuing agreements with unlicensed customers in the handset and consumer electronics markets. InterDigital aims to become a leading designer and developer of technology solutions and innovation for the mobile industry, IoT and allied technology areas by leveraging its research and development capabilities, technological know-how and rich industry experience. At the same time, it intends to enhance its licensing revenue base by adding licensees and expanding into adjacent technology areas that align with its intellectual property position.
The stock has gained 42.8% over the past year compared with the industry’s growth of 4.6%.
Image Source: Zacks Investment Research
InterDigital currently carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Key Picks
Ubiquiti Inc. (UI - Free Report) , carrying a Zacks Rank #2 at present, is a key pick in the broader industry. Headquartered in New York, it offers a comprehensive portfolio of networking products and solutions for service providers and enterprises at disruptive prices.
It boasts a proprietary network communication platform that is well-equipped to meet end-market customer needs. In addition, it is committed to reducing operational costs by using a self-sustaining mechanism for rapid product support and dissemination of information by leveraging the strength of the Ubiquiti Community.
AudioCodes Ltd. (AUDC - Free Report) currently carries a Zacks Rank #2. It has a long-term earnings growth expectation of 24.8% and delivered an earnings surprise of 20.1%, on average, in the trailing four quarters.
Headquartered in Lod, Israel, AudioCodes offers advanced communications software, products, and productivity solutions for the digital workplace. It provides a broad range of innovative products, solutions and services that are used by large multi-national enterprises and leading tier-1 operators around the world.
Arista Networks, Inc. (ANET - Free Report) , carrying a Zacks Rank #2, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 20.2% and delivered an earnings surprise of 12%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.