Satixfy Communications initiated with an Outperform at Northland

Northland analyst Tim Savageaux initiated coverage of Satixfy Communications (SATX) with an Outperform rating and $2 price target With over $200M in R&D invested since 2010, 100-plus issued and pending patents and a founding team from Gilat Satellite, Satixfy “brings considerable technology capability in addition to Tier 1 customer traction,” says the analyst, who bases the firm’s rating and target on the company’s growth prospects as a supplier of silicon IC and systems technology enabling the rollout of satellite broadband networks.