Iridium Communications (IRDM) Stock Price, News & Analysis

Company Overview

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services; and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and other government agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.

Key Stats

• Today's Range: $25.11 to $26.07
• 50-Day Range: $21.57 to $29.54
• 52-Week Range: $19.91 to $35.85
• Volume: 921,088 shs
• Average Volume: 1.15 million shs
• Market Capitalization: $2.79 billion
• P/E Ratio: 27.18
• Dividend Yield: 2.17%
• Price Target: $34.25
• Consensus Rating: Moderate Buy

Iridium Communications Stock Analysis - MarketRank™

Iridium Communications scored higher than 96% of companies evaluated by MarketBeat, and ranked 37th out of 656 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Iridium Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Iridium Communications has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 39.33%

Earnings Growth

Earnings for Iridium Communications are expected to grow by 39.33% in the coming year, from $0.89 to $1.24 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Iridium Communications is 27.18, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.12.

Price to Earnings Ratio vs. Sector

The P/E ratio of Iridium Communications is 27.18, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 45.09.

Price to Earnings Growth Ratio

Iridium Communications has a PEG Ratio of 1.28. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Iridium Communications has a P/B Ratio of 4.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.19% of the float of Iridium Communications has been sold short.

Short Interest Ratio / Days to Cover

Iridium Communications has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Iridium Communications has recently decreased by 12.59%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Iridium Communications pays a meaningful dividend of 2.18%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Iridium Communications has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of Iridium Communications is 52.83%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Iridium Communications will have a dividend payout ratio of 45.16% next year. This indicates that Iridium Communications will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -1.74

Percentage of Shares Shorted

8.19% of the float of Iridium Communications has been sold short.

Short Interest Ratio / Days to Cover

Iridium Communications has a short interest ratio ("days to cover") of 5.2.

Change versus previous month

Short interest in Iridium Communications has recently decreased by 12.59%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.11

News Sentiment

Iridium Communications has a news sentiment score of 1.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.75 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Iridium Communications this week, compared to 7 articles on an average week.

Search Interest

10 people have searched for IRDM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

8 people have added Iridium Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Iridium Communications insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.40% of the stock of Iridium Communications is held by insiders.

Percentage Held by Institutions

84.36% of the stock of Iridium Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IRDM Stock Analysis - Frequently Asked Questions

How have IRDM shares performed this year?

Iridium Communications' stock was trading at $29.02 on January 1st, 2025. Since then, IRDM stock has decreased by 11.0% and is now trading at $25.82.
View the best growth stocks for 2025 here.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) announced its quarterly earnings data on Tuesday, April, 22nd. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The technology company had revenue of $214.88 million for the quarter, compared to analyst estimates of $211.78 million. Iridium Communications had a trailing twelve-month return on equity of 15.66% and a net margin of 13.58%.
Read the conference call transcript.

How will Iridium Communications' stock buyback program work?

Iridium Communications' board approved a stock repurchase program on Thursday, September 19th 2024, which allows the company to repurchase $500,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 14.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Does Iridium Communications have any subsidiaries?

The following companies are subsidiaries of Iridium Communications: Iridium Holdings LLC, Iridium Blocker-B Inc., Iridium Carrier Holdings LLC, Iridium Carrier Services LLC, Iridium Chile SpA, Iridium Constellation LLC, Iridium Government Services LLC, and others.

Who are Iridium Communications' major shareholders?

Top institutional shareholders of Iridium Communications include Vanguard Group Inc. (9.10%), ARK Investment Management LLC (4.52%), Sumitomo Mitsui Trust Group Inc. (3.58%) and Nikko Asset Management Americas Inc. (3.60%). Insiders that own company stock include Matthew J Desch, Robert H Niehaus, Thomas Fitzpatrick, Thomas C Canfield, Parker William Rush, Suzanne E Mcbride, Scott Scheimreif, A B Krongard, Bryan J Hartin, Barry West, Kathleen A Morgan, Timothy James Last and Timothy Kapalka.
View institutional ownership trends.

How do I buy shares of Iridium Communications?

Shares of IRDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Iridium Communications own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Iridium Communications investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Record date for 3/31 Dividend: 3/17/2025
• Ex-Dividend for 3/31 Dividend: 3/17/2025
• Dividend Payable: 3/31/2025
• Last Earnings: 4/22/2025
• Today: 5/21/2025
• Record date for 6/30 Dividend: 6/13/2025
• Ex-Dividend for 6/30 Dividend: 6/13/2025
• Dividend Payable: 6/30/2025
• Next Earnings (Estimated): 7/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Communications equipment, not elsewhere classified
• Sub-Industry: Alternative Carriers
• Current Symbol: NASDAQ:IRDM
• CIK: 1418819
• Web: www.iridium.com
• Phone: (703) 287-7400
• Fax: 703-287-7450
• Employees: 660
• Year Founded: 2000

Price Target and Rating

• Average Stock Price Target: $34.25
• High Stock Price Target: $40.00
• Low Stock Price Target: $25.00
• Potential Upside/Downside: +32.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.06
• Trailing P/E Ratio: 27.18
• Forward P/E Ratio: 29.01
• P/E Growth: 1.28
• Net Income: $112.78 million
• Net Margins: 13.58%
• Pretax Margin: 13.22%
• Return on Equity: 15.66%
• Return on Assets: 4.15%

Debt

• Debt-to-Equity Ratio: 3.05
• Current Ratio: 1.73
• Quick Ratio: 1.25

Sales & Book Value

• Annual Sales: $841.71 million
• Price / Sales: 3.32
• Cash Flow: $2.25 per share
• Price / Cash Flow: 11.48
• Book Value: $5.30 per share
• Price / Book: 4.87

Miscellaneous

• Outstanding Shares: 108,160,000
• Free Float: 106,662,000
• Market Cap: $2.79 billion
• Optionable: Optionable
• Beta: 0.74