Today’s Research Reports on Trending Tickers: InterDigital and BlackBerry

NEW YORK, NY / ACCESSWIRE / February 26, 2018 / U.S. market rallied on Friday as investors awaited an update on interest rates from the Federal Reserve. The Dow Jones Industrial Average was up by 1.39 percent to close at 25,309.99, benefiting from gains in companies like Goldman Sachs Group, while the Nasdaq Composite Index spiked 1.77 percent to close at 7,337.39. The S&P 500 Index jumped 1.60 percent to close at 2,747.30, with the utilities sector closing up above 2 percent and telecommunication closing above 1%.

“I think it was very impressive move for stocks [Friday] after seeing these heavy market selloffs,” said J.J. Kinahan, chief strategist at TD Ameritrade. He also said that the monetary policy update and dovish comments from the Fed helped relieve market tension. “I think we are set up for an interesting Monday morning. Can we build on this momentum and go forward or is this as quick fade,” Kinahan added.

RDI Initiates Coverage on:

InterDigital, Inc.
https://rdinvesting.com/news/?ticker=IDCC

BlackBerry Limited
https://rdinvesting.com/news/?ticker=BB

InterDigital’s stock jumped 7.68% Friday, to close the day at $75.70 after reporting a stronger than expected earnings. Reported EPS of $1.48 per share beats estimate by 0.49. Revenue at $205 million was a beat to the expected $191 million, despite a 25% yoy drop. The stock recorded a trading volume of 634,266 shares, which was above its three months average volume of 309,500 shares. In the last year, InterDigital’s shares have traded in a range of 67.55 – 93.00. The stock is currently trading 18.60% below its 52 week high. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $78.35 is greater than its 200-day moving average of $74.78. Shares of the company are trading at a Price to Earnings ratio of 15.54. Shares of InterDigital have fallen roughly 3.87 percent in the past month and are down 0.59 percent year-to-date.

Access RDI’s InterDigital, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IDCC

On Friday, shares of BlackBerry recorded a trading volume of 12,075,108 shares, which was above the three months average volume of 6,220,242 shares. The stock ended the day 5.37% higher at 12.55. The share price has gained 88.72% from its 52-week low with a 52-week trading range of 6.65 – 14.55. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $12.75 is greater than its 200-day moving average of $10.96. Shares of BlackBerry are trading at a Price to Earnings ratio of 18.65. Shares of BlackBerry have fallen roughly 3.83 percent in the past month and are up 12.35 percent year-to-date.

Access RDI’s BlackBerry Limited Research Report at:
https://rdinvesting.com/news/?ticker=BB

Our Actionable Research on InterDigital, Inc. (NASDAQ:IDCC) and BlackBerry Limited (NYSE:BB) can be downloaded free of charge at Research Driven Investing.

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