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More top-performing CAPS members have turned bullish on space-based aerial imagery provider GeoEye (Nasdaq: GEOY) recently, meaning it's been upgraded from its four-star rank to a more formidable five stars. With 324 members logging an opinion on GeoEye, there's lots of analysis and commentary shedding light on the recent optimism.
The race for space-based images of Earth is in full swing, and GeoEye is busy building a pipeline of satellites to provide military and commercial customers with high-quality images. The company's new GeoEye-1 satellite has the highest resolution of any commercial imaging system and has undergone many tests at a General Dynamics (NYSE: GD) facility in preparation for its launch, which is set for Sept. 4 with Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT). And the company is already working on development of GeoEye-2's camera with ITT Corp. (NYSE: ITT), which it hopes to launch around 2011.
GeoEye-1 has to successfully reach orbit and have its image quality certified, but assuming it does, investors should start seeing some steady revenue from the new satellite. The company's older satellite, IKONOS, which provides map images for Google (Nasdaq: GOOG) and Microsoft (Nasdaq: MSFT), should be bringing in revenue for another year, according to a life-expectancy study by Lockheed Martin. Also, the Pentagon will be spending $1 billion in the near term to obtain satellite imagery from its two main suppliers, GeoEye and competitor DigitalGlobe.
Although some investors have significant concerns about issues such as the government's plan to launch its own satellites, nearly 96% of CAPS members rating GeoEye are bullish about the company's prospects.
To see what the very best CAPS analysts are saying now about GeoEye -- as well as other winning stocks they are picking -- head on over to CAPS and have a look. It's totally free.
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