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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

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iRhythm (IRTC) Stock Trades Up, Here Is Why

IRTC Cover Image

What Happened?

Shares of medical technology company iRhythm Technologies (NASDAQ: IRTC) jumped 18% in the morning session after the company reported strong second-quarter earnings that surpassed analyst expectations and raised its full-year revenue forecast. 

The medical technology firm disclosed that its revenue jumped 26.1% year-over-year to $186.7 million. The company posted a smaller-than-expected adjusted loss of $0.32 per share, which was a significant improvement over analyst forecasts of a $0.51 loss. Bolstering investor confidence, iRhythm lifted its full-year 2025 revenue guidance to a range between $720 million and $730 million, substantially higher than the prior consensus estimate. The company also announced an improved gross margin and a new strategic partnership to use artificial intelligence for earlier detection of undiagnosed arrhythmias.

Is now the time to buy iRhythm? Access our full analysis report here, it’s free.

What Is The Market Telling Us

iRhythm’s shares are very volatile and have had 24 moves greater than 5% over the last year. But moves this big are rare even for iRhythm and indicate this news significantly impacted the market’s perception of the business.

The previous big move we wrote about was 18 days ago when the stock gained 3.2% after positive sentiment from Wall Street analysts who saw further potential in the company. The digital healthcare firm has garnered a "Moderate Buy" consensus rating from analysts. Based on ten recent analyst ratings, the average twelve-month price target for iRhythm sits at $138.60, suggesting potential upside from its current trading level. Nine out of ten of these analysts rate the stock as a "Buy." This bullish stance from market experts likely reflects confidence in iRhythm's Zio service, a platform that uses wearable biosensors and cloud-based data analytics to diagnose cardiac arrhythmias. The company's focus on integrating artificial intelligence to provide clinically actionable insights for physicians positions it well within the growing digital health sector.

iRhythm is up 88.1% since the beginning of the year, and at $168.27 per share, has set a new 52-week high. Investors who bought $1,000 worth of iRhythm’s shares 5 years ago would now be looking at an investment worth $1,320.

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

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