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Shares of Iridiummmunications Rank the Highest in Terms of Forward Earnings Yield in the Alternative Carriers Industry (IRDM, PGI, VG, LVLT, EGHT)

By Nick Russo

Below are the three companies in the Alternative Carriers industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.

Iridiummmunications ranks highest with a forward earnings yield of 9.5%. Following is Premiere Global Services with a forward earnings yield of 6.8%. Vonage ranks third highest with a forward earnings yield of 4.2%.

Level 3 Communications follows with a forward earnings yield of 2.6%, and 8X8 INC rounds out the top five with a forward earnings yield of 1.0%.

SmarTrend is monitoring the recent change of momentum in 8X8 INC. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of 8X8 INC in search of a potential trend change.

Keywords: highest forward earnings yield iridiummmunications premiere global services vonage level 3 communications 8x8 inc