Iridium Communications (NASDAQ:IRDM) Upgraded by BidaskClub to Buy

Millennium Management LLC purchased a new position in shares of Iridium Communications during the 4th quarter valued at $520,000. Geode …

Iridium Communications logoIridium Communications (NASDAQ:IRDM) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, August 31st, BidAskClub reports.

Separately, Zacks Investment Research raised Iridium Communications from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Saturday, July 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.50.

IRDM stock traded down $0.28 during midday trading on Friday, reaching $26.54. The company had a trading volume of 711,918 shares, compared to its average volume of 558,975. The stock has a 50 day moving average price of $23.97 and a 200 day moving average price of $24.45. The firm has a market capitalization of $3.48 billion, a PE ratio of -189.57 and a beta of 2.10. The company has a quick ratio of 1.00, a current ratio of 1.13 and a debt-to-equity ratio of 1.11. Iridium Communications has a fifty-two week low of $16.64 and a fifty-two week high of $28.24.

Iridium Communications (NASDAQ:IRDM) last released its quarterly earnings results on Tuesday, July 23rd. The technology company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.02. Iridium Communications had a negative return on equity of 3.56% and a negative net margin of 10.37%. The company had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $132.92 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts predict that Iridium Communications will post -0.58 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Iridium Communications by 9.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,849,133 shares of the technology company’s stock worth $107,919,000 after purchasing an additional 517,624 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Iridium Communications during the 4th quarter valued at $520,000. Geode Capital Management LLC grew its holdings in shares of Iridium Communications by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 1,084,230 shares of the technology company’s stock valued at $20,004,000 after acquiring an additional 81,757 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Iridium Communications by 427.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,085 shares of the technology company’s stock valued at $82,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Iridium Communications during the 1st quarter valued at $55,000. 76.34% of the stock is currently owned by institutional investors.

Iridium Communications Company Profile

Iridium Communications Inc provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services.

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MIT unveils new ‘blackest black’ material and makes a diamond disappear

The most famous carbon-nanotube “blackest black” material comes from UK company Surrey NanoSystems, which unveiled Vantablack in 2014.
mit-blackest-black-pressEnlarge Image

MIT demonstrated the properties of its CNT material by painting a diamond. The image of the coated diamond is on the right.

R. Capanna, A. Berlato and A. Pinato

What do you do with a $2 million natural yellow diamond? If you’re at MIT, you coat it in a wild high-tech material that makes any object look like it fell into a black hole.

The coated diamond is now a piece of art called The Redemption of Vanity, a collaboration between Diemut Strebe, artist-in-residence at the MIT Center for Art, Science and Technology, and Brian Wardle an MIT aeronautics and astronautics professor.

bmw-x6-vantablack-10bmw-x6-vantablack-10Enlarge Image

BMW painted an SUV in Vantablack as a smooth marketing move.

Andrew Hoyle/Roadshow

The diamond will be on exhibit at the New York Stock Exchange until Nov. 25, giving viewers a chance to see MIT’s new carbon-nanotube (CNT) material in action.

“The unification of extreme opposites in one object and the particular aesthetic features of the CNTs caught my imagination for this art project,” Strebe said in an MIT release (PDF).

MIT described the carbon nanotubes as “microscopic filaments of carbon, like a fuzzy forest of tiny trees” that’s grown on an aluminum-foil surface. “The foil captures more than 99.96 percent of any incoming light, making it the blackest material on record,” MIT said in a Thursday release.

Super-dark carbon nanotube materials are of interest for optical equipment and aerospace applications. The most famous carbon-nanotube “blackest black” material comes from UK company Surrey NanoSystems, which unveiled Vantablack in 2014. Surrey has since developed a sprayable version of Vantablack.

The MIT team led by Wardle compared its CNT material to known data on other carbon-nanotube materials, including Vantablack. Wardle told CNET that MIT’s material reflects less light than previous materials, making it the blackest-black champ.

Though it’s tempting to put MIT’s CNT material and Vantablack into a cage to fight it out, the human eye can have trouble determining which one really is more black. Rather than rivals, it may be more useful to think of them as options.

The MIT team has offered to make its CNT black process available to artists for noncommercial pursuits. British sculptor Anish Kapoor has exclusive rights to use Vantablack in art projects. The wider art community has turned to an acrylic paint called Black 3.0 for its darkest designs, but MIT’s work may offer a new way to explore the depths of black through art.

Wardle told CNET the team has no plans to give the material a catchy name and is instead focusing on MIT’s mission to create and disseminate knowledge by making the material available for art and science applications.

Strebe and Wardle shared their thoughts on this in the release about The Redemption of Vanity, saying, “We do not believe in exclusive ownership of any material or idea for any artwork and have opened our method to any artist.”

Despite its darkness and virtual disappearance, the diamond now reflects something larger than itself: a brilliant intersection between science and art.

Surrey Nanosystems didn’t have a comment.

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MIT scientists just created the blackest black ever

Vantablack, a coating that also uses carbon nanotubes attached to thin layers of material like aluminum, absorbs around 99.96% of incoming light.

When it comes to paint, not all shades of black are the same. You can pick up a can of flat black spray paint at the hardware store and it’ll do a pretty good job of absorbing light, but if you really want the blackest possible black you have to enter the high-tech world of carbon nanotubes.

For years, scientists have been experimenting with tiny carbon structures that, when arranged in the right way, can absorb an incredible amount of light. Now, researchers from MIT have developed a new material that captures an incredible 99.995% of all incoming light, making it the blackest black on the planet.

In a new paper published in ACS-Applied Materials and Interfaces, the MIT research team explains that while they appear to have created the blackest material ever, they weren’t even really trying to do so.

The team’s work was focused on growing carbon nanotubes on aluminum, which can prove difficult due to the way aluminum reacts when exposed to air. By using salt to break down a pesky layer of oxidation on the aluminum’s surface, the team achieved their goal, and it was then that they noticed how black the aluminum became when it was covered in the tiny nanotubes.

“I remember noticing how black it was before growing carbon nanotubes on it, and then after growth, it looked even darker,” Kehang Cui, co-author of the work, said in a statement. “So I thought I should measure the optical reflectance of the sample.”

Upon measuring the material’s ability to reflect light they realized they had stumbled onto something extraordinary, and it surpasses all other super black materials created in recent years. Vantablack, a coating that also uses carbon nanotubes attached to thin layers of material like aluminum, absorbs around 99.96% of incoming light.

Looking forward, the researchers expect this record to be broken sooner rather than later, calling it “a constantly moving target.” Nevertheless, it’s an impressive achievement from a team of scientists who didn’t even mean to achieve it.

Image Source: R. Capanna, A. Berlato, and A. Pinato

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Advanced Carbon Materials Market Growth Rate 2019 – Evolving Technology, Market Size, Share …

… Grupo Graphenano; Haydale Graphene Industries plc; Hexcel Corporation; Hyperion Catalysis International; Jiangsu Cnano Technology Limited …
  • XGSciences

    Advanced Carbon Materials Market Report Highlights: –

    • The report covers forecast and analysis for the market on a global and regional level.
    • The report includes the drivers and the restraints that affect the growth of the market.
    • The report discusses detailed information about the market opportunities.
    • The market is segmented on the basis of product and end-user industry which in turn is bifurcated on the regional level.
    • The key target audience for the market has been determined in the report.
    • The revenue generated by the prominent industry players has been analyzed in the report.

    For More Information or Query or Customization Before Buying, Visit at – https://www.industryresearch.co/enquiry/pre-order-enquiry/13999677

    Key Market Trends:

    Growing Demand for CFRP from the Construction Industry

    Carbon fiber-reinforced plastic (CFRP) is an exceptionally strong and light fiber-reinforced plastic, which contains carbon fibers. Extremely high strength, rigidity, low density, exceptional durability, excellent damping properties, high corrosion resistance, and high impact resistance, combined with a precisely modifiable thermal expansion ability, make CFRP a widely popular for application in the construction industry.

    The construction industry continuously innovates the materials that are used in building structures. The major focus of the industry remains toward developing more durable and strong materials, in order to make the infrastructure strong enough to stand for as long as possible.

    CFRP finds application in beams, columns, slabs, walls, etc. CFRP is extensively used in retrofitting and repairing of structurally deficient infrastructures, such as buildings, tunnels, parking structures, and bridges.

    The construction sector has been witnessing substantial growth across the world, with the Asia-Pacific and Middle East & African regions witnessing robust growth in construction activity.

    The construction sector has been witnessing substantial growth across the world, with the Asia-Pacific and Middle East & African regions witnessing robust growth in construction activity.

    North America Region to Dominate the Market

    North America accounted for the largest share of the market, with the United States alone consuming a share of around 24% of the global market. United States is the world’s largest and most powerful economy. With the growing demand for various advanced materials (such as carbon fibers, carbon nanotubes, graphene, special graphite, carbon foams, nanocrystalline diamond (NCD), diamond-like-carbon (DLC), and fullerenes) in different end-user industries, including aerospace and defence, electronics, automotive, and energy, among others, is expected to propel the demand for advanced carbon materials at high rates through the forecast period.

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    Detailed TOC of Advanced Carbon Materials Market Report 2019-2024:

    1 INTRODUCTION

    1.1 Study Deliverables

    1.2 Study Assumptions

    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS

    4.1 Drivers

    4.1.1 Rising Demand for Carbon Fiber Reinforced Plastic in the Construction Industry

    4.1.2 Increasing Focus toward Lightweight Composites from the Automotive and Aviation Industry

    4.1.3 Technological Advancements in Carbon Nanotubes

    4.2 Restraints

    4.2.1 High-cost of Carbon Fiber Composites

    4.2.2 Wastage in the Production of Finished Products

    4.3 Industry Value-Chain Analysis

    4.4 Porters 5 Force Analysis

    4.4.1 Bargaining Power of Suppliers

    4.4.2 Bargaining Power of Consumers

    4.4.3 Threat of New Entrants

    4.4.4 Threat of Substitute Products and Services

    4.4.5 Degree of Competition

    5 MARKET SEGMENTATION

    5.1 Product Type

    5.1.1 Carbon Fibers

    5.1.2 Special Graphite

    5.1.3 Carbon Nanotubes

    5.1.4 Graphene

    5.1.5 Carbon Foams (Includes Carbon Nanofoams)

    5.1.6 Other Product Types (Fullerenes, Diamond-like Carbon (DLC), Nanocrystalline Diamond (NCD))

    5.2 Application

    5.2.1 Aerospace and Defence

    5.2.2 Electronics

    5.2.3 Sports

    5.2.4 Automotive

    5.2.5 Construction

    5.2.6 Energy

    5.2.7 Other Applications

    5.3 Geography

    5.3.1 Asia-Pacific

    5.3.1.1 China

    5.3.1.2 India

    5.3.1.3 Japan

    5.3.1.4 South Korea

    5.3.1.5 Rest of Asia-Pacific

    5.3.2 North America

    5.3.2.1 US

    5.3.2.2 Canada

    5.3.2.3 Mexico

    5.3.3 Europe

    5.3.3.1 Germany

    5.3.3.2 UK

    5.3.3.3 France

    5.3.3.4 Italy

    5.3.3.5 Spain

    5.3.3.6 Russia

    5.3.3.7 Rest of Europe

    5.3.4 South America

    5.3.4.1 Brazil

    5.3.4.2 Argentina

    5.3.4.3 Rest of South America

    5.3.5 Middle East & Africa

    5.3.5.1 Saudi Arabia

    5.3.5.2 UAE

    5.3.5.3 South Africa

    5.3.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    6.2 Market Share Analysis**

    6.3 Strategies Adopted by Leading Players

    6.4 Company Profiles

    6.4.1 Arkema Group

    6.4.2 Arry International Group Limited

    6.4.3 CFOAM LLC

    6.4.4 FutureCarbon Materials GmbH

    6.4.5 Formosa Plastics Corporation

    6.4.6 Global Graphene Group

    6.4.7 GrafTech International

    6.4.8 Graphenea

    6.4.9 Graphite India Limited

    6.4.10 Grupo Antolin

    6.4.11 Grupo Graphenano

    6.4.12 Haydale Graphene Industries plc

    6.4.13 Hexcel Corporation

    6.4.14 Hyperion Catalysis International

    6.4.15 Jiangsu Cnano Technology Limited

    6.4.16 Mitsubishi Chemical Carbon Fiber and Composites, Inc.

    6.4.17 Morsh

    6.4.18 Nano-C

    6.4.19 Nanocyl SA

    6.4.20 Nippon Graphite Fiber Co. Ltd

    6.4.21 Perpetuus Advanced Materials PLC

    6.4.22 Poco Graphite, Inc.

    6.4.23 SGL Carbon SE

    6.4.24 Shenzhen Sanshun Nano New Materials Co. Ltd

    6.4.25 Showa Deno KK

    6.4.26 Solvay

    6.4.27 Teijin Limited

    6.4.28 The Sixth Element (Changzhou) Materials Technology Co. Ltd

    6.4.29 Thomas Swan & Co. Ltd

    6.4.30 Tokai Carbon Co. Ltd

    6.4.31 Toray Industries, Inc.

    6.4.32 Toyo Tanso Co. Ltd

    6.4.33 XGSciences

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    7.1 Production of Advanced Carbon Materials from Biowaste

    7.2 Potential Uses in Energy Sector

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    Wireless Printer Market 2019 Global Competition, Size, Business Outlook Market Dynamics Forecast to 2025

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    Acadian Asset Management LLC Decreases Stock Position in Universal Stainless & Alloy Products …

    Acadian Asset Management LLC decreased its stake in Universal Stainless & Alloy Products (NASDAQ:USAP) by 8.5% in the 2nd quarter, according …

    Universal Stainless & Alloy Products logoAcadian Asset Management LLC decreased its stake in Universal Stainless & Alloy Products (NASDAQ:USAP) by 8.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,217 shares of the basic materials company’s stock after selling 4,768 shares during the period. Acadian Asset Management LLC owned 0.58% of Universal Stainless & Alloy Products worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

    Several other hedge funds also recently modified their holdings of USAP. BNP Paribas Arbitrage SA boosted its position in shares of Universal Stainless & Alloy Products by 322.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,776 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,356 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Universal Stainless & Alloy Products during the 1st quarter valued at about $270,000. Wedge Capital Management L L P NC boosted its position in shares of Universal Stainless & Alloy Products by 26.8% during the 1st quarter. Wedge Capital Management L L P NC now owns 19,542 shares of the basic materials company’s stock valued at $324,000 after purchasing an additional 4,133 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Universal Stainless & Alloy Products by 109.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 29,500 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 15,390 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Universal Stainless & Alloy Products during the 1st quarter valued at about $595,000. 80.31% of the stock is owned by institutional investors.

    USAP has been the topic of several research analyst reports. Cowen set a $22.00 target price on Universal Stainless & Alloy Products and gave the company a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded Universal Stainless & Alloy Products from a “sell” rating to a “hold” rating in a research report on Friday. Finally, ValuEngine upgraded Universal Stainless & Alloy Products from a “sell” rating to a “hold” rating in a research report on Wednesday.

    NASDAQ:USAP traded down $1.13 on Friday, hitting $16.82. The stock had a trading volume of 38,731 shares, compared to its average volume of 22,810. The business’s fifty day moving average is $15.75 and its 200 day moving average is $15.68. The company has a market cap of $152.56 million, a PE ratio of 18.87 and a beta of 1.51. The company has a quick ratio of 1.09, a current ratio of 4.36 and a debt-to-equity ratio of 0.27. Universal Stainless & Alloy Products has a 52 week low of $12.53 and a 52 week high of $29.15.

    Universal Stainless & Alloy Products (NASDAQ:USAP) last announced its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $71.00 million during the quarter, compared to the consensus estimate of $67.36 million. Universal Stainless & Alloy Products had a return on equity of 3.39% and a net margin of 3.03%. Equities analysts predict that Universal Stainless & Alloy Products will post 1.03 earnings per share for the current fiscal year.

    About Universal Stainless & Alloy Products

    Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company’s products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

    Read More: What is the Bid-Ask Spread?

    Institutional Ownership by Quarter for Universal Stainless & Alloy Products (NASDAQ:USAP)

    Receive News & Ratings for Universal Stainless & Alloy Products Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Universal Stainless & Alloy Products and related companies with MarketBeat.com’s FREE daily email newsletter.

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