Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Iridium Communications (IRDM), Alarmcom (ALRM) and Zix Corporation (ZIXI).
Iridium Communications (IRDM)
Northland Securities analyst Paul Penney reiterated a Sell rating on Iridium Communications today and set a price target of $14. The company’s shares opened today at $21.61.
According to TipRanks.com, Penney is a 3-star analyst with an average return of 6.5% and a 47.1% success rate. Penney covers the Technology sector, focusing on stocks such as ImageWare Systems Inc, Boingo Wireless Inc, and Gogo Inc.
Currently, the analyst consensus on Iridium Communications is a Moderate Buy with an average price target of $25.
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Alarmcom (ALRM)
Northland Securities analyst Michael Latimore maintained a Buy rating on Alarmcom today and set a price target of $64. The company’s shares opened today at $61, close to its 52-week high of $65.85.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 16.4% and a 58.9% success rate. Latimore covers the Technology sector, focusing on stocks such as Everbridge Inc, Veritone Inc, and Orbcomm Inc.
Currently, the analyst consensus on Alarmcom is a Strong Buy with an average price target of $68.75, representing a 12.7% upside. In a report released today, Maxim Group also reiterated a Buy rating on the stock with a $74 price target.
Zix Corporation (ZIXI)
In a report released today, Tim Klasell from Northland Securities maintained a Buy rating on Zix Corporation, with a price target of $10. The company’s shares opened today at $8.75, close to its 52-week high of $9.07.
According to TipRanks.com, Klasell is a 5-star analyst with an average return of 22.2% and a 73.6% success rate. Klasell covers the Technology sector, focusing on stocks such as Tyler Technologies, Cloudera Inc, and Splunk Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zix Corporation with a $10 average price target.
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