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Best Satellite Stocks To Invest In Now? 5 For Your September 2021 Watchlist

As consumer tech giant Apple eyes satellite tech, these satellite stocks are in focus now.

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5 Top Satellite Stocks To Watch Ahead Of September 2021

As we begin another trading week, satellite stocks appear to be in focus in the stock market now. For the most part, this would be thanks to some major news regarding consumer tech company Apple (NASDAQ: AAPL). Namely, reports suggest that Apple is currently working with satellite service provider Globalstar (NYSE: GSAT) to bolster its upcoming iPhone 13 lineup. According to a report from AppleInsider, the iPhone 13 will reportedly boast satellite communications capabilities. As a result, GSAT stock now trades at $2.35 as of Monday’s closing bell after gaining by over 64% during Monday’s trading session.

Now, while investors and consumers alike await the arrival of the iPhone 13, one thing is apparent. In theory, the use of satellite tech in today’s smartphones would provide a new dimension of communication for the general public. Simply put, satellite-enabled phones would be able to make calls and send messages even when not within 4G/5G coverage. Moreover, even mobile carriers like Verizon (NYSE: VZ) could also stand to gain from such trends. With all the attention on this sector of the tech world now, I could see investors keen to jump on the top satellite stocks. Should you be one of them, here are five to note in the stock market today.

Top Satellite Stocks To Buy [Or Sell] Before September 2021

Iridium Communications Inc.

First, on this list, we have Iridium Communications. The company essentially operates its Iridium satellite constellation to connect people and devices all over the world. Together with its ecosystem of partner companies, the company delivers a rich portfolio of reliable communications services for millions all over the world.

In early August, the company announced that Japan’s Ministry of Internal Affairs and Communications has approved regulatory amendments necessary to allow for Japanese adoption of Iridium Certus broadband and other aeronautical services for aviation. Iridium Certus is the world’s most advanced L-band broadband solution, offering small-form-factor and cost-effective terminals.

In July, the company also reported its second-quarter financial. Most notably, it posted a record subscriber growth at over 1.6 million, growing by 19% year-over-year. Total revenue for the quarter was $149.9 million. With that being said, will you consider adding IRDM stock to your portfolio?

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The Boeing Company.

Next on this list, we have Boeing, a multinational company that designs and sells satellites, airplanes, and other telecommunications equipment. Its customers span over 150 countries and it serves a wide range of industries that include launch systems, communications systems, military and commercial aircrafts among others. BA stock currently trades at $218.45 as of 11:04 a.m. ET and is up by over 25% in the past year.

In late July, the company reported its second-quarter financials. Diving in, Boeing posted a revenue of $17 billion for the quarter. It also reported a GAAP earnings per share of $1.00 or a net earnings of $567 million during this second quarter. The company also says that its commercial airplanes backlog grew to $285 billion and it has added 180 net orders.

Furthermore, it continued to make progress on the global safe return to service of its 737 MAX. Since the FAA’s approval for the 737 MAX to return to operations in November 2020, the company has delivered more than 130 737 MAX aircraft and airlines have returned more than 190 previously grounded airplanes to service. All things considered, do you think BA stock is worth buying right now?

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Maxar Technologies Inc.

Maxar Technologies is a space tech company with headquarters in Colorado. In essence, it specializes in Earth observation, radar, and on-orbit servicing satellites and satellite products. IT offers disruptive value to government and commercial customers to help them monitor and navigate through the ever-changing planet and to deliver global broadband communications.

Last week, the company was awarded a contract to build a geostationary communications satellite for longtime customer SiriusXM, following the SXM-9 satellite order that was announced earlier in the month.

Maxar has been building satellites for SiriusXM for more than two decades, including the first-generation Sirius satellites launched in 2000, the second-generation Sirius satellites launched in 2009 and 2013, and the company’s third-generation satellites, the last one of which was launched earlier this year. Given this exciting piece of news, is MAXR stock a top satellite stock to consider buying today?

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Northrop Grumman Corporation

Following that, we will be taking a look at the Northrop Grumman Corporation. To begin with, Northrop is an aerospace and defense company. In fact, by the company’s calculations, it is one of the largest weapon manufacturers and military tech providers globally.

Among its core offerings, Northrop also offers national security space solutions in the form of satellites and related services as well. In an increasingly tech-focused world, the company’s services would be more relevant than ever.

Would all this make it worth investing in now? Well, if anything, we could take a look at the company’s financials to get a clearer understanding of this. Just last month, Northrop posted solid figures in its second-quarter fiscal. The company raked in a total revenue of $9.15 billion, marking a sizable 3% year-over-year increase. Subsequently, Northrop also declared a quarterly dividend of $1.57 per share. All in all, would you consider NOC stock a top buy?

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Gilat Satellite Networks Ltd.

Topping off our list today is Gilat Satellite Networks. In brief, the Israel-based company is a leading provider of satellite-based broadband communications worldwide. The company’s portfolio consists of a cloud-based network platform, high-speed modems, and high-performance antennas among other satellite-related solutions. According to Gilat, its tech plays crucial roles in broadband access, in-flight connectivity, defense, and cellular backhaul applications.

By and large, Gilat seems to be gaining momentum on the financial front now. In its latest quarter fiscal posted earlier this month, the company reported strong growth. Namely, Gilat saw its total revenue jump by over 48% year-over-year.

CEO Adi Sfadia had this to say, “Given the improving momentum and strong backlog, we expect to continue with our high revenue and profitability growth through the second half of 2021.” With dependence on satellite tech seemingly on the rise, will you be keeping track of GILT stock now?

By Josh Dylan

Josh Dylan is an active contributor to StockMarket.com. His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like MarijuanaStocks.com, his ability to study current events and determine the potential market reaction is what sets him apart from other writers.

After studying at UC Santa Cruz and earning a bachelor's of art and art history, Josh also went on to start his own business in art resale. Identifying underserved niches like this has allowed him to think outside the box when it comes to applying this approach to the stock market.

His new-age take on social media and branding gave Josh the foresight to apply certain lifestyle trends to market moving topics. This has included the recent trend in the cannabis industry and marijuana stocks as well as following emerging technology such as artificial learning and web-bots. Fundamentals are just as important as momentum in Josh’s opinion. Being able to understand how to apply popular trends to investing is of major importance. If the price of oil is sinking but the price of gold is following along, we want to understand why, not just follow the broader trend.

Josh Dylan makes it a point to not only mention what hot “today” but also find ways to apply that to find future opportunity in the stock market. What’s more is that Josh has become an active part in the StockMarket.com social media team. He works to delivery top research not only one StockMarket.com but also bring it to the readers, directly.

By studying the macro-economic events in the market, Josh makes sure to find events that could shift micro-economic trends. He prides himself on taking a unique approach to information but not taking things for “face value”. When it comes to the stock market, things can change at a moment’s notice and Josh makes sure to stay ahead of that with sound research and diligence. When Josh isn’t writing about the stock market, he enjoys spending time with his family and surfing. He currently calls Southern California his home.

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