Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, aiding investors in selecting stocks with high potential for market outperformance [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on value, growth, and momentum characteristics, with higher scores indicating better chances of outperforming the market [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5] Value Score - Focuses on identifying undervalued stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - Evaluates a company's financial health and future outlook through projected and historical earnings, sales, and cash flow [4] Momentum Score - Targets stocks experiencing upward or downward trends, utilizing factors like one-week price change and monthly earnings estimate changes [4] VGM Score - Combines all three Style Scores to provide a comprehensive indicator for selecting stocks with attractive value, growth forecasts, and promising momentum [5] Zacks Rank Integration - The Zacks Rank leverages earnings estimate revisions to assist investors in building successful portfolios [6] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [8] - Stocks with a 3 (Hold) rank should also have A or B Scores to ensure potential upside [8] Earnings Estimate Revisions - The direction of earnings estimate revisions is crucial in stock selection, as stocks with declining forecasts (ranked 4 or 5) pose higher risks [9] Company Spotlight: Iridium Communications - Iridium Communications Inc, founded in 2000, provides global voice and data communications services to businesses, governments, and NGOs [10] - Currently rated 3 (Hold) with a VGM Score of B, it has a Momentum Style Score of B and a 1.3% share price increase over the past four weeks [10][11] - Recent upward revisions in earnings estimates for fiscal 2024 have increased the Zacks Consensus Estimate by $0.07 to $0.81 per share, with an average earnings surprise of 202.2% [11]

Core Viewpoint - Iridium Communications Inc. has launched Iridium Certus® GMDSS, a significant advancement in maritime safety and communication, integrating various safety services into a single solution [1][4]. Group 1: Product Features - Iridium Certus GMDSS includes distress alert, safety voice, Maritime Safety Information (MSI), Long Range Identification and Tracking (LRIT), and Ship Security Alert System (SSAS) [1][2]. - The system is designed to provide global safety services, including in polar regions, with lightweight, maintenance-free equipment that is easy to install and transport [3][5]. - The GMDSS service ensures ships can send distress communications and receive safety information promptly, enhancing emergency response capabilities [4]. Group 2: Industry Impact - The introduction of Iridium Certus GMDSS aims to break existing monopolies in maritime safety services, offering a more innovative and efficient solution [4]. - The solution is positioned as a versatile communication tool for fleets, supporting both GEO and LEO broadband providers, thus enhancing operational continuity [4][5]. - Iridium Certus GMDSS is expected to simplify maritime communications while ensuring compliance with safety regulations, addressing the evolving challenges in the maritime industry [5]. Group 3: Partnerships and Market Position - Leading equipment manufacturers such as Cobham Satcom, Intellian, Lars Thrane, and Thales are set to introduce Iridium Certus GMDSS solutions in the coming months [2]. - The system is designed to meet the requirements mandated for all SOLAS-class ships by the International Maritime Organization (IMO), reinforcing its market relevance [4]. Group 4: Company Overview - Iridium Communications Inc. operates the only mobile voice and data satellite communications network that provides global coverage, facilitating real-time connections [6]. - The company has expanded its offerings with the acquisition of Satelles, Inc. and the introduction of the Iridium Satellite Time and Location service [6].

STOCKHOLM, Sept. 3, 2024 /PRNewswire/ -- RaySearch Laboratories AB (publ) is pleased to announce that Iridium Network in Belgium has treated its first patient using RaySearch's oncology information system RayCare®* together with a Varian TrueBeam®** linear accelerator. The treatment was successfully carried out on September 2, 2024. Since its establishment in 2006, Iridium Network has grown to become the largest radiotherapy network in Belgium, providing highly specialized radiation oncology for three hospi ...

It has been about a month since the last earnings report for Iridium Communications (IRDM) . Shares have added about 1.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Iridium due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Iridium Q2 Earnings Beat Estimates Ir ...

Core Insights - Iridium Communications Inc. announced the retirement of CFO Thomas J. Fitzpatrick and Executive Vice President of Sales and Marketing Bryan J. Hartin at year-end 2024, with Vincent O'Neill and Timothy Last appointed as their successors effective January 1, 2025 [1][4] Leadership Changes - Thomas J. Fitzpatrick, 66, will retire as CFO but will remain on the Board of Directors, having led significant financial transformations and shareholder returns of approximately $1.0 billion over the past three years [1][4] - Bryan J. Hartin, 60, oversaw a 126% growth in service revenues and nearly quadrupled subscribers to over 2.3 million during his tenure [1][4] New Appointments - Vincent O'Neill, currently Senior Vice President of Finance, will become the new CFO; he has been with Iridium since 2014 and has prior experience as CFO of Mobilitie and in senior finance roles at Nextel Sprint [2] - Timothy Last, currently Senior Vice President of Sales, Product Management and Customer Care, will take over as Executive Vice President of Sales and Marketing; he has been with Iridium since 2012 and has held various roles in sales and marketing [3] Company Performance - Under Fitzpatrick's leadership, the company achieved significant milestones including the largest-ever satellite constellation refresh and multiple capital market offerings [4] - Hartin's leadership contributed to the expansion of Iridium's commercial business and the growth of its partner ecosystem to over 500 companies [4] Company Overview - Iridium Communications Inc. operates the only mobile voice and data satellite communications network that provides global coverage, enabling real-time connections [5] - The company acquired Satelles, Inc. in 2024 and announced the Iridium Satellite Time and Location service, enhancing its portfolio of reliable communication solutions [5]

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Therefore, the Zacks rating upgrade for Iridium basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The change in a company's future earnings potential, as reflected in earnings estimate r ...

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the tre ...

2024 Guidance Reiterated The company expects cash taxes to remain below $10 million annually through 2026. It aims to reduce net leverage below 4.0 times OEBITDA through 2026 and eventually below 2.0 times by the end of the decade. Iridium currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. BlackBerry's (BB) reported first-quarter fiscal 2025 adjusted adjusted loss per share of 3 cents, narrower than the company's estimate of a loss of 4 ...

Iridium Communications (IRDM 11.27%) stock soared 11.1% through 12:05 p.m. ET Tuesday after the company reported a big earnings beat despite missing slightly on sales this morning. Iridium earnings were terrific, not only beating estimates but reversing the company's year-ago loss of $0.24 per share. True, the company explained that "net income primarily benefited from a year-over-year decrease in depreciation expense associated with the extension of the estimated useful lives of the Company's satellites an ...

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