Iridium Communications Inc


IRDM

has announced the launch of Iridium Messaging Transport or “IMT” to facilitate the integration of satellite connections into the Internet of Things (IoT) solutions.

IMT is a two-way cloud-native networked data service optimized for use over the Iridium Certus network, a satellite-based broadband communication system. It is designed to support small-to-moderate-sized messages and is intended to make it easier for developers to add satellite connectivity to existing or new IoT solutions.

The service is integrated with Iridium CloudConnect and Amazon Web Services and is intended to reduce development costs and speed up the time-to-market for new Iridium Connected IoT devices.

IMT is currently available for the Iridium Certus 100 service, with plans to introduce it on Iridium Certus 200, 350 and 700 in the first quarter of 2023.

IMT allows customers to send and receive messages using a “store and forward” approach, which means that messages are stored temporarily on a server before being delivered to the intended recipient. This can be useful in situations where a persistent connection between servers is not necessary or where there is low data traffic.

IMT can be used for a variety of purposes, such as machine-to-machine communications, email, weather updates, transactions and group communications.

IMT utilizes industry-standard protocols and technologies such as MQTT, HTTPS and WebSocket (WSS) to manage and deliver messages in the cloud. These technologies are commonly used in the development of scalable and distributable applications, making IMT an attractive option for developers.

In addition to its technical capabilities, IMT offers several benefits to users, including faster and easier development, lower costs and greater flexibility in the design of IoT applications.

Several companies have developed or are in the process of developing products or solutions using IMT, including Ground Control’s RockREMOTE, MetOcean Telematics’ STREAM+, and a number of Iridium partners such as Beam Communications, Blue Sky Network, CLS Group, Globalsat Group, Lars Thrane A/S and Zunibal.

Headquartered in McLean, VA, Iridium is the only satellite communications company that offers dedicated commercial global voice and data communications.  It delivers reliable and low-latency communications services to businesses, consumers, wireline and wireless telecommunications operators and Internet service providers.

In September, the company

announced

that it is working with SpaceX to launch up to five of its remaining additional ground satellites of the Iridium Next Program through SpaceX’s Falcon 9 rocket.

Iridium currently has a Zacks Rank #3 (Hold). Shares of the company have gained 24.8% in the past year against the

sub-industry’s

decline of 17.4%.

Image Source: Zacks Investment Research

Stocks to Consider

Some better-ranked stocks from the broader technology space are

Arista Networks


ANET

,

Plexus


PLXS

and

Super Micro Computer


SMCI

, each presently sporting a Zacks Rank #1 (Strong Buy). You can see


the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Arista Networks 2022 earnings is pegged at $4.37 per share, up 8.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 17.5%.

Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have declined 11.1% in the past year.

The Zacks Consensus Estimate for Plexus 2023 earnings is pegged at $5.98 per share, rising 8.9% in the past 60 days.

Plexus’ earnings beat the Zacks Consensus Estimate in three of the last four quarters, the average being 17.5%. Shares of PLXS have gained 11.3% in the past year.

The Zacks Consensus Estimate for Super Micro Computer’s fiscal 2023 earnings is pegged at $9.58 per share, rising 19.8% in the past 60 days.

Super Micro Computer’s earnings beat the Zacks Consensus Estimate in all of the last four quarters, the average being 9.4%. Shares of SMCI have soared 83.6% in the past year.

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