Iridium Communications Inc. (IRDM) in Focus: Stock Jumps 7.2% – Tale of the Tape

Zacks

Iridium Communications Inc. (IRDM) was a big mover last session, as the company saw its shares rise by over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 24.6% since Oct 13, 2014.

None of the estimates for this satellite communication stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Iridium Communications currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Investors interested in the broader computer and technology sector may consider other better-ranked stocks like Apple Inc. (AAPL), DTS Inc. (DTSI) and InterDigital, Inc. (IDCC), each carrying a Zacks Rank #1 (Strong Buy).

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