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NASDAQ:IRDM

Iridium Communications (IRDM) Stock Forecast, Price & News

$45.60
-1.05 (-2.25%)
(As of 09/27/2023 ET)
Compare
Today's Range
$45.56
$47.02
50-Day Range
$45.60
$60.97
52-Week Range
$43.76
$68.34
Volume
755,473 shs
Average Volume
800,772 shs
Market Capitalization
$5.70 billion
P/E Ratio
N/A
Dividend Yield
1.14%
Price Target
$67.20

Iridium Communications MarketRank™ Forecast

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
47.4% Upside
$67.20 Price Target
Short Interest
Healthy
2.26% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.74
Upright™ Environmental Score
News Sentiment
0.98mentions of Iridium Communications in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.10) to $0.25 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Computer And Technology Sector

287th out of 603 stocks

Communications Equipment, Not Elsewhere Classified Industry

4th out of 10 stocks


IRDM stock logo

About Iridium Communications (NASDAQ:IRDM) Stock

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 intelligence 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.

IRDM Price History

IRDM Stock News Headlines

BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Iridium (IRDM) Receives Major Contract From U.S. Space Force
Iridium's (IRDM) IoT Services Boost XCMG's Heavy Machinery
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
The Latest Analyst Ratings for Iridium Comms
Where Iridium Comms Stands With Analysts
Iridium Communications Stock Comes Crashing Down
Iridium Communications Inc. Q2 Earnings Summary
Small-Cap Iridium Stock Keeps Hitting New Highs
See More Headlines
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IRDM Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Last Earnings
7/25/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Today
9/27/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
10/19/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:IRDM
CUSIP
46269C10
Employees
658
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$67.20
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$57.00
Forecasted Upside/Downside
+45.6%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
$8.72 million
Pretax Margin
-3.89%

Debt

Sales & Book Value

Annual Sales
$721.03 million
Cash Flow
$2.46 per share
Book Value
$8.98 per share

Miscellaneous

Free Float
122,425,000
Market Cap
$5.77 billion
Optionable
Optionable
Beta
1.03

Social Links

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Key Executives

  • Mr. Matthew J. DeschMr. Matthew J. Desch (Age 65)
    CEO & Director
    Comp: $1.47M
  • Mr. Thomas J. FitzpatrickMr. Thomas J. Fitzpatrick (Age 65)
    CFO, Chief Admin. Officer & Director
    Comp: $861.02k
  • Ms. Suzanne E. McBrideMs. Suzanne E. McBride (Age 54)
    COO & Director
    Comp: $676.02k
  • Mr. Bryan J. HartinMr. Bryan J. Hartin (Age 59)
    Exec. VP of Sales & Marketing
    Comp: $540.03k
  • Mr. Scott T. ScheimreifMr. Scott T. Scheimreif (Age 54)
    Exec. VP of Gov. Programs
    Comp: $505.53k
  • Mr. Gregory Pelton
    Chief Technical Officer
  • Ms. Manjula Sriram
    VP & Chief Information Officer
  • Mr. Kenneth B. Levy
    VP of Investor Relations
  • Ms. Kathleen A. MorganMs. Kathleen A. Morgan
    Chief Legal Officer & Company Sec.
  • Mr. Donald L. Thoma (Age 61)
    Pres & CEO of Aireon LLC













IRDM Stock - Frequently Asked Questions

Should I buy or sell Iridium Communications stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IRDM shares.
View IRDM analyst ratings
or view top-rated stocks.

What is Iridium Communications' stock price forecast for 2023?

6 brokers have issued 1-year price targets for Iridium Communications' stock. Their IRDM share price forecasts range from $57.00 to $75.00. On average, they expect the company's stock price to reach $67.20 in the next year. This suggests a possible upside of 45.6% from the stock's current price.
View analysts price targets for IRDM
or view top-rated stocks among Wall Street analysts.

How have IRDM shares performed in 2023?

Iridium Communications' stock was trading at $51.40 at the start of the year. Since then, IRDM stock has decreased by 10.2% and is now trading at $46.14.
View the best growth stocks for 2023 here
.

When is Iridium Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our IRDM earnings forecast
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) issued its quarterly earnings data on Tuesday, July, 25th. The technology company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by $0.28. The technology company had revenue of $193.10 million for the quarter, compared to analysts' expectations of $198.42 million. Iridium Communications had a negative trailing twelve-month return on equity of 1.80% and a negative net margin of 2.53%. The company's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share.

How often does Iridium Communications pay dividends? What is the dividend yield for Iridium Communications?

Iridium Communications announced a quarterly dividend on Tuesday, September 5th. Stockholders of record on Friday, September 15th will be given a dividend of $0.13 per share on Friday, September 29th. This represents a $0.52 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for IRDM
.

Is Iridium Communications a good dividend stock?

Iridium Communications (NASDAQ:IRDM) pays an annual dividend of $0.52 per share and currently has a dividend yield of 1.10%.
Read our dividend analysis for IRDM.

How will Iridium Communications' stock buyback program work?

Iridium Communications declared that its board has authorized a share repurchase plan on Thursday, July 27th 2023, which permits the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 6.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

What is Matt Desch's approval rating as Iridium Communications' CEO?

48 employees have rated Iridium Communications Chief Executive Officer Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among the company's employees.

What other stocks do shareholders of Iridium Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Iridium Communications investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Verizon Communications (VZ), Block (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and Boeing (BA).

What is Iridium Communications' stock symbol?

Iridium Communications trades on the NASDAQ under the ticker symbol "IRDM."

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (9.29%), Capital International Investors (6.19%), State Street Corp (3.22%), Clearbridge Investments LLC (1.65%), Dimensional Fund Advisors LP (1.64%) and Geode Capital Management LLC (1.59%). Insiders that own company stock include A B Krongard, Barry West, Bryan J Hartin, Henrik O Schliemann, Kathleen A Morgan, Leon Anthony Frazier, Matthew J Desch, Parker William Rush, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Suzanne E Mcbride, Suzanne E Mcbride, Thomas C Canfield, Thomas Fitzpatrick 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $46.14.

How much money does Iridium Communications make?

Iridium Communications (NASDAQ:IRDM) has a market capitalization of $5.77 billion and generates $721.03 million in revenue each year. The technology company earns $8.72 million in net income (profit) each year or ($0.15) on an earnings per share basis.

How many employees does Iridium Communications have?

The company employs 658 workers across the globe.

Does Iridium Communications have any subsidiaries?
The following companies are subsidiares of Iridium Communications: Iridium Blocker-B Inc., Iridium Carrier Holdings LLC, Iridium Carrier Services LLC, Iridium Chile SpA, Iridium Constellation LLC, Iridium Government Services LLC, Iridium Holdings LLC, Iridium Holdings LLC, Iridium Satellite LLC, Iridium Satellite SA LLC, Iridium Satellite UK Limited, Iridium Serviços de Satélites S.A., OOO Iridium Communications, OOO Iridium Services, and Syncom-Iridium Holdings Corp..
Read More
How can I contact Iridium Communications?

Iridium Communications' mailing address is 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102. The official website for the company is www.iridium.com. The technology company can be reached via phone at (703) 287-7400, via email at investor.relations@iridium.com, or via fax at 703-287-7450.

This page (NASDAQ:IRDM) was last updated on 9/27/2023 by MarketBeat.com Staff

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