Iridium Communications: Poised For Stock Growth From Next Generation IoT And More

David Zanoni
10.87K Followers
(9min)

Summary

  • Iridium Communications has significant growth potential in IoT and global communications.
  • Iridium's unique low-earth orbit network provides reliable, weather-resilient global communications, serving critical industries and ensuring steady, sustainable demand.
  • Key growth catalysts include the Iridium Non-Terrestrial Network (NTN) Direct and the Satelles acquisition, which address ongoing needs.
  • Technical indicators suggest a potential stock price reversal, with positive catalysts like tariff clarity potentially driving a bullish trend.
Satellite In Space Station Orbiting Earth

Just_Super

Iridium Communications (NASDAQ:IRDM) has long-term growth potential for the next generation of IoT and other applications. Iridium has key solutions for true global communications serving numerous industries. IRDM has a reasonable valuation which should enable the stock to rise along

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10.87K Followers
David focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the bottom of the financial crisis. The S&P 500 increased 367% and the Nasdaq increased 685% from 2009 through 2019. He wants to help make people money by investing in high-quality growth stocks.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The article is for informational purposes only (not a solicitation or recommendation to buy or sell stocks). David is not a registered investment adviser. Investors should do their own research or consult a financial adviser to determine what investments are appropriate for their individual situation. This article expresses my opinions and I cannot guarantee that the information/results will be accurate. Investing in stocks involves risk and could result in losses.

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