3 Satellite Stocks That Hold Promise Amid Industry Challenges
The Zacks Satellite and Communication industry has been battered by the COVID-19 pandemic. The industry players are concerned not only about technological advancement but also regulatory decisions, standards and protocols, capital financing, and consumer-oriented digital market forces that tend to dominate the direction of change.Nevertheless, Iridium Communications Inc. (IRDM), EchoStar Corporation (SATS) and Maxar Technologies Inc. (MAXR) are likely to benefit from growing market penetration of small satellites into disaster management. They should also gain from evolving satellite applications, development of Global Navigation Satellite System, progress in satellite structure and increase in low-cost launching sites for small launch vehicles.
The Zacks Satellite and Communication industry comprises providers of satellite service operations, broadband satellite technologies and Internet services. These companies offer an array of communications services to media firms, fixed and wireless telecommunications operators, data networking providers and Internet service providers. They also provide commercial satellite communication services to government and military organizations.The industry participants offer satellite-based consulting and technical services that include the lifecycle of satellite operations along with infrastructure ranging from satellite and launch vehicle procurement through telemetry and commanding services. Some of the firms provide sat....