Iridium Communications was upgraded to a Buy rating by New Street following its Q2 2026 earnings report, which showed a 3.8% revenue increase to $225.24 million, beating estimates. However, its EPS of $0.19 missed analyst expectations. The upgrade also reflects optimism about Iridium's pending acquisition by aerospace company Rocket Lab, expected to close in mid-2027. The stock trades near $48, reflecting positive market sentiment despite mixed profitability signals.
Rocket Lab secured a $266 million contract from the US Air Force and Space Force to conduct 12 suborbital launches, with options for six more. The launches will operate from Alaska's Pacific Spaceport Complex and are expected to finish by the end of ...
David H. Lerner remains optimistic about the stock market, focusing on aerospace, defense, biotech, AI, and semiconductors like Micron and Nvidia, which he views as undervalued despite recent sector sell-offs. He highlights supportive factors such as...
