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Filtronic ( (GB:FTC) ) has shared an update.
Filtronic has secured a new contract to develop feeder link technology for the European Space Agency and Viasat’s Direct-to-Device initiative, aimed at delivering 5G non-terrestrial services directly to handheld devices. This collaboration, part of ESA’s ARTES 4.0 program, will see Filtronic working on high-throughput satellite communications, enhancing both uplink and downlink transmissions. The project builds on previous collaborations and is supported by the UK Space Agency, positioning Filtronic as a key player in the future of global connectivity and space-based communications.
Spark’s Take on GB:FTC Stock
According to Spark, TipRanks’ AI Analyst, GB:FTC is a Outperform.
Filtronic’s strong financial performance, characterized by significant revenue growth and robust profitability, is the most substantial factor in its positive stock evaluation. The strategic partnership and contract with SpaceX further enhance its market outlook. While technical indicators present a mixed picture, the company’s reasonable valuation and positive corporate developments contribute to a favorable overall score.
To see Spark’s full report on GB:FTC stock, click here.
More about Filtronic
Filtronic plc is a designer and manufacturer of products for the aerospace, defence, space, and telecoms infrastructure markets. The company focuses on developing high-power RF solutions and advanced mmWave technology, contributing to the advancement of space-based communications and non-terrestrial networks.
YTD Price Performance: 25.00%
Average Trading Volume: 1,674,109
Technical Sentiment Signal: Sell
Current Market Cap: £205.9M
For an in-depth examination of FTC stock, go to TipRanks’ Stock Analysis page.