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Factors to Note Ahead of Iridium's (IRDM) Q1 Earnings Release
Zacks Investment Research· 2024-04-15 12:08
Iridium Communications (IRDM) is slated to release first-quarter 2024 results on Apr 18, before market open.The Zacks Consensus Estimate for earnings per share (EPS) is pegged at 16 cents, unchanged in the past 30 days. In the year-ago quarter, the company reported EPS of 8 cents. The consensus estimate for revenues is pegged at $196.8 million, suggesting a decline of 4.1% from the year-ago levels.IRDM’s earnings beat the Zacks Consensus Estimate in two of the last four quarters, while missing in the remain ...
WIX Introduces New Online Donations Collection Platform
Zacks Investment Research· 2024-04-12 14:05
Wix.com Ltd. (WIX) has unveiled an online donations collection platform, Wix Donations, for individuals, non-profit organizations and businesses.Wix Donations is touted as an all-in-one solution to meet the requirements of fundraisers worldwide. The solution comes equipped with user-friendly web design capabilities, helping users create attractive donation web pages.The platform will enable users to monitor their campaigns and run various campaigns simultaneously. Wix's advanced SEO, social media and email ...
Iridium (IRDM) Gets Contract for STL Services From L3Harris
Zacks Investment Research· 2024-04-11 15:11
Iridium Communications (IRDM) recently inked a five-year commercial contract with L3Harris Technologies (LHX) . Per the agreement, Iridium Satellite Time and Location (STL) service will be utilized in more than 36 L3Harris-operated communications network backbone nodes and Federal Aviation Administration (“FAA”) facilities across the United States.LHX is a prominent technology-oriented aerospace and defense company that supplies modern defense and commercial technologies across air, land, sea, space and cyb ...
Iridium Signs Five-Year Contract with L3Harris to Protect FAA Critical Infrastructure
Prnewswire· 2024-04-09 11:01
Latest deployment of Iridium STL will provide a resilient timing sync service to data center facilities across the U.S.MCLEAN, Va., April 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced a new five-year commercial contract with L3Harris Technologies [NYSE: LHX] for the Iridium® Satellite Time and Location (STL) service. Under the terms of the five-year agreement, Iridium will provide the STL service to m ...
Iridium Communications (IRDM) Rises As Market Takes a Dip: Key Facts
Zacks Investment Research· 2024-04-08 23:21
In the latest market close, Iridium Communications (IRDM) reached $25.42, with a +0.87% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.04%. Elsewhere, the Dow saw a downswing of 0.03%, while the tech-heavy Nasdaq appreciated by 0.03%.Coming into today, shares of the satellite phone company had lost 11.55% in the past month. In that same time, the Computer and Technology sector gained 4.26%, while the S&P 500 gained 2.57%.The upcoming earnings re ...
Iridium (IRDM) Boosts Portfolio With Satelles Acquisition
Zacks Investment Research· 2024-04-03 14:16
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 Stock Rises 38% in One Year: Will the Rally Continue?
Zacks Investment Research· 2024-04-03 13:11
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 ...
Iridium Completes Satelles Acquisition; Introduces Iridium Satellite Time and Location (STL)
Prnewswire· 2024-04-02 20:01
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's (IRDM) GMDSS Terminals Deployed by Cosco Shipping
Zacks Investment Research· 2024-03-13 13:35
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 ...
Cosco Shipping Enhances Safety with Iridium GMDSS
Prnewswire· 2024-03-12 11:01
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 ...