Iridium (IRDM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Iridium Communications Inc. (NASDAQ: IRDM) today announced six beta partners for its newest out-of-the-box satellite IoT device, the Iridium Edge Solar – an intelligent, secure and maintenance-free solar-powered remote asset management device with over-the-air configuration capabilities. The six companies selected to participate in beta testing include CLS Telemetry, Everywhere Communications, Marlink, M2M Data Corporation, Rock Seven, and Tesacom. These companies represent some of the most innovative of the over 450 partners that are licensed to create Iridium® network-based solutions.
Over 100 years of market history shows that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves. Iridium Communications is in a buy range after breaking past a 27.51 entry in a cup with handle. Iridium Communications holds the No. 6 rank among its peers in the Telecom Services-Wireless industry group.