Iridium Communications (IRDM) has recently closed the acquisition of Satelles, Inc., which is a leading provider of secure satellite-based time and location (STL) services. The buyout has enhanced Iridium’s solution portfolio with advanced STL services, which is now referred to as Iridium STL.STL emerges as an important service in areas where Global Positioning System (GPS) or Global Navigation Satellite System (GNSS) signals are unable to reach. It works on signals relayed by a constellation of Low Earth o ...

Wix.com’s (WIX) performance is gaining from continued momentum across segments as well as launch of innovative products.Headquartered in Tel Aviv, Israel, and founded in 2006, WIX is a cloud-based web development platform. It offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms, and grow their online presence.Solid financial performance has also led to a good run on the trading front. The stock is continuing its upward ...

MCLEAN, Va., April 2, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that it has completed its acquisition of Satelles, Inc. The closing of this acquisition establishes Iridium as the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. Now referred to as Iridium® Satellite Time and Location (STL), the service joins the Iridium ...

Iridium Communications (IRDM) recently announced that Cosco Shipping has initiated the installation of Iridium Global Maritime Distress and Safety System (GMDSS) terminals on its vessels for enhanced protection and security.Cosco Shipping (“CSSC”) is one of the largest shipping companies in the world and operates in various segments of the shipping and logistics industry. It boasts one of the world's biggest fleets of commercial vessels with 1,417 ships.CSSC has deployed Lars Thrane LT-3100S terminal on the ...

MCLEAN, Va., March 12, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) a leading provider of global voice and data satellite communications, today announced Cosco Shipping (CSSC), the world's largest fleet of commercial vessels with 1,417 ships, has begun installation of Iridium® Global Maritime Distress and Safety System (GMDSS) terminals. The recent installation of the Lars Thrane LT-3100S terminal on the Cosco Tengfei is a testament to CSSC always prioritizing the safety of its crew, ship ...

A downtrend has been apparent in Iridium Communications (IRDM) lately with too much selling pressure. The stock has declined 17.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicato ...

Iridium Communications (IRDM) announced the acquisition of a leading provider of secure satellite-based time and location services — Satelles. The acquisition aligns with Iridium's strategy of investing in advanced technologies that excel within its network.The satellite-based time and location service is called Satellite Time and Location (STL). This service enhances the reliability and security of timing systems for digital infrastructure such as 5G base stations and data centers, safeguarding against vul ...

Iridium's advanced portfolio of easily integrated assured PNT solutions will protect global industries and digital critical infrastructureMCLEAN, Va., March 4, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that it had entered into an agreement to acquire Satelles, Inc., the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. T ...

MCLEAN, Va., Feb. 28, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that the Republic of Korea (ROK) Ministry of Defense (MOD) has adopted Iridium® connectivity for strategic use within its military operations. The ROK Army will leverage a full suite of Iridium products and services to enhance operations, including real-time position tracking capabilities for soldiers. SAT-PRE by Arion Iridium servic ...

Iridium Communications (IRDM) has been on a downward spiral lately with significant selling pressure. After declining 22.2% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting wh ...