Cathie Wood's Ark Invest Loads Up On Tempus AI, Archer Aviation, But Sells Twist Bioscience: Here Are Key Ark Trades This Friday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 01 2025
0mins
Should l Buy IRDM?
Source: Benzinga
Ark Invest's Notable Trades: On February 28, 2025, Ark Invest made significant purchases including Archer Aviation Inc, Recursion Pharmaceuticals Inc, Tempus AI Inc, and Iridium Communications Inc, while selling shares of Twist Bioscience Corp, Adyen NV, Accolade Inc, and Exact Sciences Corp.
Investment Details: The total value of the trades for Archer Aviation was approximately $3.8 million, with additional investments in Recursion Pharmaceuticals and Tempus AI valued at $36.7 million and $0.61 million respectively.
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Analyst Views on IRDM
Wall Street analysts forecast IRDM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IRDM is 25.83 USD with a low forecast of 16.00 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 19.130
Low
16.00
Averages
25.83
High
37.00
Current: 19.130
Low
16.00
Averages
25.83
High
37.00
About IRDM
Iridium Communications Inc. operates the mobile voice and data satellite communications network that spans the entire globe. The Company enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, it delivers a portfolio of solutions for markets that require global communications. Its principal vertical lines of business include land mobile, maritime, aviation, IoT, hosted payloads and other data services, which includes navigation and timing (PNT), and the United States government. Its products include Iridium 9555, Iridium Extreme satellite phones, Iridium Extreme PTT, Iridium GO! Iridium GO!, and others. It provides voice and data communications services to businesses, the United States and foreign governments, non-governmental organizations, and consumers via its satellite network, which has an architecture of 66 operational satellites with in-orbit spares and related ground infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Iridium Communications (IRDM) Successfully Tests NTN Direct Network, Shares Up 11.24%
- Stock Surge: Iridium Communications' shares rose 11.24% on Thursday, closing at $21.82 with a market cap of $2.1 billion, reflecting strong market confidence in its new technology.
- Successful Technology Test: The company successfully tested its NTN Direct network, achieving two-way message transmission via its low-Earth orbit satellite, positioning it as a potential pioneer in wireless communication for IoT devices globally.
- Strategic Partnership Opportunities: Iridium plans to collaborate with telecom companies like T-Mobile to extend services beyond traditional land-based networks, thereby eliminating coverage gaps and enhancing competitive positioning.
- Commercial Launch Plans: Iridium is targeting a commercial launch later this year, with CEO Matt Desch emphasizing that the NTN Direct network is operational and undergoing rigorous testing to meet elite performance standards.
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- Successful Test: Iridium Communications has successfully tested its NTN Direct network, achieving two-way message transmission over its low-Earth orbit satellite network, marking significant progress towards the commercial launch of its 5G services in 2026, thereby enhancing its competitive edge in the satellite communications market.
- Stock Surge: Following the announcement of the test results, Iridium's stock price rose by over 11%, reflecting positive market sentiment regarding its future commercial potential and attracting interest from telecom giants like T-Mobile, which could lead to strategic partnerships.
- Market Demand: Iridium plans to collaborate with telecommunications companies to extend services beyond traditional network coverage, addressing the communication needs of Internet of Things (IoT) devices, thus opening new market opportunities and strengthening its position in the global communications landscape.
- CEO Statement: CEO Matt Desch emphasized that Iridium's network is designed to complement rather than compete with mobile network operators and chipset makers, a strategic positioning that will help attract more partners and drive future growth for the company.
See More
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- Sales Growth: The company achieved quarterly sales of $68.303 million, exceeding the analyst consensus of $67.033 million, demonstrating strong market demand and promising future growth potential.
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- Earnings Call Announcement: Iridium Communications will host a conference call on February 12, 2026, at 8:30 a.m. ET to discuss its Q4 and full-year 2025 financial results, which are expected to provide investors with critical financial insights and future outlook.
- Participation Details: Callers can join by dialing 1-412-902-6740, with a recommendation to call in five minutes early to ensure a timely start; the call will also be webcast on the company's website, allowing access for those unable to join live.
- Financial Information Release: Ahead of the call, Iridium will issue its Q4 2025 earnings press release on its investor relations page, ensuring investors receive the latest financial information promptly, thereby enhancing transparency.
- Global Communication Services: Iridium is the only mobile voice, data, and PNT satellite network that spans the entire globe, committed to providing reliable solutions for markets requiring global communications, further solidifying its market leadership.
See More
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- Technical Milestone: Iridium has successfully completed two-way message transmission testing for its NTN Direct service, marking a significant advancement ahead of its planned commercial launch in 2026, which is expected to greatly enhance global mobile network operators' coverage capabilities.
- Global Coverage Capability: The service aims to deliver 100% global coverage by leveraging the existing satellite constellation, reducing technical and commercial barriers, thereby accelerating market rollout and creating new revenue opportunities for partners.
- Partner Integration: Iridium's collaboration with Nordic Semiconductor enables the low-power nRF9151 module to support NB-IoT standards, facilitating the widespread application of globally connected devices and is anticipated to drive rapid growth in the IoT market.
- Market Opportunities: The NTN Direct service provides mobile network operators with opportunities to eliminate coverage gaps and enhance subscriber retention, while offering chipset manufacturers a unified hardware platform that supports global connectivity, thus advancing industry standardization.
See More
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- Stock Surge: Iridium Communications' shares rose 11.24% on Thursday, closing at $21.82 with a market cap of $2.1 billion, reflecting strong market confidence in its new technology.
- Successful Technology Test: The company successfully tested its NTN Direct network, achieving two-way message transmission via its low-Earth orbit satellite, positioning it as a potential pioneer in wireless communication for IoT devices globally.
- Strategic Partnership Opportunities: Iridium plans to collaborate with telecom companies like T-Mobile to extend services beyond traditional land-based networks, thereby eliminating coverage gaps and enhancing competitive positioning.
- Commercial Launch Plans: Iridium is targeting a commercial launch later this year, with CEO Matt Desch emphasizing that the NTN Direct network is operational and undergoing rigorous testing to meet elite performance standards.
See More
Iridium Communications Achieves Successful 5G NTN Direct Test, Targeting 2026 Launch
- Successful Test: Iridium Communications has successfully tested its NTN Direct network, achieving two-way message transmission over its low-Earth orbit satellite network, marking significant progress towards the commercial launch of its 5G services in 2026, thereby enhancing its competitive edge in the satellite communications market.
- Stock Surge: Following the announcement of the test results, Iridium's stock price rose by over 11%, reflecting positive market sentiment regarding its future commercial potential and attracting interest from telecom giants like T-Mobile, which could lead to strategic partnerships.
- Market Demand: Iridium plans to collaborate with telecommunications companies to extend services beyond traditional network coverage, addressing the communication needs of Internet of Things (IoT) devices, thus opening new market opportunities and strengthening its position in the global communications landscape.
- CEO Statement: CEO Matt Desch emphasized that Iridium's network is designed to complement rather than compete with mobile network operators and chipset makers, a strategic positioning that will help attract more partners and drive future growth for the company.
See More
U.S. Stocks Surge as Small Caps Hit Record Highs, GDP Grows 4.4%
- Small Cap Performance: By 1:40 p.m. in New York, the Russell 2000 surged 1.1% to 2,730 points, reaching a record high and extending its year-to-date gains to 10%, reflecting strong investor confidence in small-cap stocks.
- Strong Macro Data: The U.S. GDP growth rate for Q3 was revised up to 4.4% annualized, from 4.3%, accelerating from 3.8% in Q2, indicating robust economic recovery that could drive increased business investment and consumer spending.
- Contained Inflation Pressures: The Personal Consumption Expenditures price index rose 2.8% year-over-year, with core PCE steady, suggesting that inflation remains manageable, which enhances market confidence in the Federal Reserve's policies and may help maintain a low interest rate environment.
- Tech Stock Rebound: Meta Platforms saw a more than 5% increase in stock price after Jefferies highlighted its attractive valuation, further boosting investor interest in tech stocks, potentially leading to increased capital inflows into the sector.
See More
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- Earnings Surprise: Eagle Bancorp reported Q4 earnings of $0.25 per share, surpassing the analyst consensus estimate of a $0.10 loss, indicating a significant improvement in profitability that boosts investor confidence.
- Sales Growth: The company achieved quarterly sales of $68.303 million, exceeding the analyst consensus of $67.033 million, demonstrating strong market demand and promising future growth potential.
- Stock Surge: Eagle Bancorp's shares jumped 19.8% to $28.80 during Thursday's session, reflecting a positive market reaction to its financial performance, which may attract more investor interest.
- Strong Market Performance: Following Eagle Bancorp's results, the overall market performed well with the S&P 500 rising, indicating investor optimism about economic recovery, further driving stock market gains.
See More
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- Earnings Call Announcement: Iridium Communications will host a conference call on February 12, 2026, at 8:30 a.m. ET to discuss its Q4 and full-year 2025 financial results, which are expected to provide investors with critical financial insights and future outlook.
- Participation Details: Callers can join by dialing 1-412-902-6740, with a recommendation to call in five minutes early to ensure a timely start; the call will also be webcast on the company's website, allowing access for those unable to join live.
- Financial Information Release: Ahead of the call, Iridium will issue its Q4 2025 earnings press release on its investor relations page, ensuring investors receive the latest financial information promptly, thereby enhancing transparency.
- Global Communication Services: Iridium is the only mobile voice, data, and PNT satellite network that spans the entire globe, committed to providing reliable solutions for markets requiring global communications, further solidifying its market leadership.
See More
Iridium Successfully Tests World's First Satellite Network Service with NTN Direct
- Technical Milestone: Iridium has successfully completed two-way message transmission testing for its NTN Direct service, marking a significant advancement ahead of its planned commercial launch in 2026, which is expected to greatly enhance global mobile network operators' coverage capabilities.
- Global Coverage Capability: The service aims to deliver 100% global coverage by leveraging the existing satellite constellation, reducing technical and commercial barriers, thereby accelerating market rollout and creating new revenue opportunities for partners.
- Partner Integration: Iridium's collaboration with Nordic Semiconductor enables the low-power nRF9151 module to support NB-IoT standards, facilitating the widespread application of globally connected devices and is anticipated to drive rapid growth in the IoT market.
- Market Opportunities: The NTN Direct service provides mobile network operators with opportunities to eliminate coverage gaps and enhance subscriber retention, while offering chipset manufacturers a unified hardware platform that supports global connectivity, thus advancing industry standardization.
See More
