The satellite business must be damn good. IRDM a name that goes way back is having a banner year and lots of stuff seems to be going into space as of late maYBE PEOPLE...
I was toying with Zebra with the bar codes and the test tubes and the transporting of the vaccine. They appear to be using a Q code thingy one of those annoying thing they put menus on but a fancy kind that stays computer- connected throughout the shipping process.
This company Orbcomm does a little bit of everything--
ORBCOMM Inc. provides Internet of Things solutions in the United States, South America, Japan, Europe, and internationally. The company offers network connectivity, devices, device management, and web reporting applications that are designed to track, monitor, control, and enhance security for various assets, such as trailers, trucks, rail cars, sea containers, power generators, fluid tanks, marine vessels, diesel or electric powered generators, oil and gas wells, pipeline monitoring equipment, irrigation control systems, and utility meters in transportation and supply chain, heavy equipment, fixed asset monitoring, and maritime industries, as well as for governments. It also provides satellite automatic identification service data services for vessel navigation and to enhance maritime safety for government and commercial customers; and vehicle fleet management, as well as in-cab and fleet vehicle solutions using various network platforms, including its own constellation of low-Earth orbit satellites
price target raised to $10 from $6 at Northland 12/21 ORBC Northland analyst Michael Latimore raised the firm's price target on Orbcomm to $10 from $6 and keeps an Outperform rating on the shares after having recently hosted a call with management that led to him "slightly increasing" his FY21 estimates and establishing FY22 estimates. He has more confidence in growth and Orbcomm "strong base of recurring service revenue" following the meetings, the analyst added.
-Orbcomm wins $45.6M single-award, multi-year contract from U.S. Army 12/11 ORBC ORBCOMM announced that it has won a single-award, Indefinite Delivery Indefinite Quantity contract of up to $45.6M with the U.S. Army for its Next Generation Tag program, which will extend through December 9, 2024. Through this multi-year NGT contract, ORBCOMM will provide cellular, satellite and dual-mode devices and connectivity to support the logistics tracking, locating and health monitoring of commodities and assets for government users. The Government intends to use NGT technology in applications that demand performance on a higher level than what is available with bar code, Radio Frequency Identification and other automated data storage and retrieval technologies. The NGT technology will be affixed to assets or other objects of interest to capture and transmit varying amounts of data, which are stored and processed.
I have to say the chart is pretty fab--
Looks like MACD about to turn up
RSI of 67 loads of room up
Accumulation way up since Nov.
WATCHING CLOSELY --
ORBC$7.42 --> This can go to $11.
