The Globe and Mail reports in its Tuesday edition that Clarus Securities analyst Eyal Ofir again says buy UrtheCast ($2.06), even after Russian cosmonauts last week were unsuccessful at installing two of the company's high-resolution cameras that are designed to stream near real-time videos of the Earth on the Internet. The Globe's Darcy Keith writes in the Eye On Equities column that the cameras were not able to transmit data to Russia Mission Control. The cameras were transferred into the airlock at the International Space Station (ISS) for inspection.
But the problem is apparently related to cabling, or a communication panel, on the inside of the space station. UrtheCast believes it is just a temporary glitch, notes Mr. Ofir.
"From our perspective, these types of stories never go smoothly, but considering that the issue may be internal to the ISS and unrelated to the cameras themselves is positive and hence the installation only gets delayed by a number of weeks," says Mr. Ofir.
A second spacewalk is likely in the latter half of January to reinstall the cameras, he says.
Mr. Ofir maintained a "speculative buy" rating and $4 price target. The average analyst target, according to Thomson Reuters, is $5.
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