We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Iridium (IRDM) Boosts Satellite Broadband Services With Certus 200
Read MoreHide Full Article
Iridium Communications Inc. (IRDM - Free Report) recently augmented its product portfolio with the commercial launch of a powerful connectivity platform in the L-Band spectrum. Dubbed Iridium Certus 200, this new broadband service offering is likely to fortify the satellite communications firm’s market presence with improved maritime and land-mobile applications. The company further expects to offer similar such services for the aviation market later this year.
With an operating frequency range of 1–2 GHz, the L-Band is used in various applications such as radars, global positioning systems, radio, telecommunications and aircraft surveillance. It is also used in terrestrial wireless connections like mobile phones and in GPS satellites. Unlike other broadband services available within the L-Band airwaves, Iridium Certus 200 leverages upgraded satellite constellation to offer uncompressed transmission speeds of up to 176 Kbps. In addition, it offers a maximum of three high-quality voice lines through a small, lightweight and cost-effective antenna, making it an ideal choice for a plethora of specialized broadband, mid-band and narrowband applications.
Thales VesseLINK 200 and Thales MissionLINK 200 are the first two products that will be available in the market under Iridium Certus 200 portfolio for maritime and land-based applications, respectively. Ideal for leisure yachts, fishing vessels, autonomous watercraft, ferries, tugboats, dredgers and patrol boats, Thales VesseLINK 200 supports a myriad of connected ship applications. These include vessel monitoring systems, IoT and sensor data collection and transmission along with conventional business applications like web browsing, email, voice calling and chat functions. This lightweight low-maintenance equipment is fitted out with all the primary vessel communication needs and offers affordable satellite connectivity for mariners.
On the other hand, Thales MissionLINK 200 supports both mobile and fixed site applications and enables live communications-on-the-move solution through its low-latency and weather-resilient network. It is a strategic fit for field workforce management for fleets, remote asset control requiring IP connectivity, voice communications and back-up connectivity through a satellite communications network. It supports a partner ecosystem, connecting enterprises, governments, people and applications through a user-friendly interface that can be managed from a smartphone or tablet. Operating through Iridium's 66 Low-Earth Orbit satellites, the product utilizes omni-directional antennas that automatically connect with the closest satellite wherever positioned in the sky, simplifying the set-up and ease of use for a cost-effective business communication.
Markedly, Iridium’s mobile and satellite communication network leverages the advanced interlinked mesh architecture of 66 operational satellites to provide global reach of its services across numerous territories. The company believes in the philosophy of delivering cost-effective and competitive broadband services through its highly-lauded Iridium Certus technology. The technology delivers a wide array of services, ranging from voice to a high-throughput L-band data connection to meet the burgeoning demands of customers. The company has also teamed up with Amazon.com, Inc.’s (AMZN - Free Report) Amazon Web Services to create a cloud-based solution, Iridium CloudConnect, to bolster global coverage for IoT applications.
The mobile and satellite communications services provider’s commercial business is considered as the primary driver of long-term growth. It serves a diversified customer base and sectors such as maritime, aviation, government, utilities, oil and gas, mining, heavy equipment, construction and transportation with its unique L-band satellite network. The commercial services form an essential component of its communications and business infrastructure, and the introduction of Iridium Edge Solar is likely to fortify this business.
The stock has gained 58.1% in the past year compared with the industry’s rise of 31.9%.
Image Source: Zacks Investment Research
Despite the macroeconomic headwinds caused by COVID-19 pandemic, Iridium has emerged as a strong player on the back of its resilient business model. The company anticipates service revenues to grow 3% year over year in 2021.
Cambium has a long-term earnings growth expectation of 20%. It delivered an earnings surprise of 46.5%, on average, in the trailing four quarters.
ATN International delivered an earnings surprise of 424.2%, on average, in the trailing four quarters.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
Iridium (IRDM) Boosts Satellite Broadband Services With Certus 200
Iridium Communications Inc. (IRDM - Free Report) recently augmented its product portfolio with the commercial launch of a powerful connectivity platform in the L-Band spectrum. Dubbed Iridium Certus 200, this new broadband service offering is likely to fortify the satellite communications firm’s market presence with improved maritime and land-mobile applications. The company further expects to offer similar such services for the aviation market later this year.
With an operating frequency range of 1–2 GHz, the L-Band is used in various applications such as radars, global positioning systems, radio, telecommunications and aircraft surveillance. It is also used in terrestrial wireless connections like mobile phones and in GPS satellites. Unlike other broadband services available within the L-Band airwaves, Iridium Certus 200 leverages upgraded satellite constellation to offer uncompressed transmission speeds of up to 176 Kbps. In addition, it offers a maximum of three high-quality voice lines through a small, lightweight and cost-effective antenna, making it an ideal choice for a plethora of specialized broadband, mid-band and narrowband applications.
Thales VesseLINK 200 and Thales MissionLINK 200 are the first two products that will be available in the market under Iridium Certus 200 portfolio for maritime and land-based applications, respectively. Ideal for leisure yachts, fishing vessels, autonomous watercraft, ferries, tugboats, dredgers and patrol boats, Thales VesseLINK 200 supports a myriad of connected ship applications. These include vessel monitoring systems, IoT and sensor data collection and transmission along with conventional business applications like web browsing, email, voice calling and chat functions. This lightweight low-maintenance equipment is fitted out with all the primary vessel communication needs and offers affordable satellite connectivity for mariners.
On the other hand, Thales MissionLINK 200 supports both mobile and fixed site applications and enables live communications-on-the-move solution through its low-latency and weather-resilient network. It is a strategic fit for field workforce management for fleets, remote asset control requiring IP connectivity, voice communications and back-up connectivity through a satellite communications network. It supports a partner ecosystem, connecting enterprises, governments, people and applications through a user-friendly interface that can be managed from a smartphone or tablet. Operating through Iridium's 66 Low-Earth Orbit satellites, the product utilizes omni-directional antennas that automatically connect with the closest satellite wherever positioned in the sky, simplifying the set-up and ease of use for a cost-effective business communication.
Markedly, Iridium’s mobile and satellite communication network leverages the advanced interlinked mesh architecture of 66 operational satellites to provide global reach of its services across numerous territories. The company believes in the philosophy of delivering cost-effective and competitive broadband services through its highly-lauded Iridium Certus technology. The technology delivers a wide array of services, ranging from voice to a high-throughput L-band data connection to meet the burgeoning demands of customers. The company has also teamed up with Amazon.com, Inc.’s (AMZN - Free Report) Amazon Web Services to create a cloud-based solution, Iridium CloudConnect, to bolster global coverage for IoT applications.
The mobile and satellite communications services provider’s commercial business is considered as the primary driver of long-term growth. It serves a diversified customer base and sectors such as maritime, aviation, government, utilities, oil and gas, mining, heavy equipment, construction and transportation with its unique L-band satellite network. The commercial services form an essential component of its communications and business infrastructure, and the introduction of Iridium Edge Solar is likely to fortify this business.
The stock has gained 58.1% in the past year compared with the industry’s rise of 31.9%.
Despite the macroeconomic headwinds caused by COVID-19 pandemic, Iridium has emerged as a strong player on the back of its resilient business model. The company anticipates service revenues to grow 3% year over year in 2021.
We remain impressed with the inherent growth potential of this Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the industry are Cambium Networks Corporation (CMBM - Free Report) and ATN International, Inc. (ATNI - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Cambium has a long-term earnings growth expectation of 20%. It delivered an earnings surprise of 46.5%, on average, in the trailing four quarters.
ATN International delivered an earnings surprise of 424.2%, on average, in the trailing four quarters.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>