Iridium Communications Inc. is a global satellite communication company that provides reliable and high-quality voice and data services to users around the world
Utilizing a unique network of low Earth orbit satellites, Iridium enables connectivity in the most remote and challenging environments where traditional communication infrastructure may be lacking. The company serves a diverse range of industries, including maritime, government, aviation, military, and telecommunications, offering solutions for mission-critical applications and personal communication needs. With a commitment to innovation and expanding its service offerings, Iridium plays a crucial role in connecting people, assets, and information across the globe.
Business services providers use their specialized expertise to help enterprises streamline operations and cut costs. But cutbacks in corporate spending and the threat of new AI products have kept sentiment in check,
and over the past six months, the industry has tumbled by 2.3%. This drop mirrored the S&P 500’s decline.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Globalstar (NASDAQ:GSAT) and the rest of the telecommunication services stocks fared in Q4.
Ark Invest made notable trades on Feb. 28, 2025. They purchased shares in ACHR, RXRX, TEM, and IRDM, while selling shares in TWST, ADYEY, ACCD, and EXAS.
