Iridium Communications Company Profile (NASDAQ:IRDM)

About Iridium Communications

Iridium Communications logoIridium Communications Inc. is a satellite communications company that offers mobile voice and data communications services. The Company utilizes mesh architecture to route traffic across its satellite constellation using radio frequency crosslinks between satellites. Its lines of business include land mobile, machine to machine, maritime, aviation and government. Its commercial services include postpaid mobile voice and data satellite communications services; prepaid mobile voice satellite communications services; broadband data services; machine-to-machine services; Iridium push-to-talk service, and other services. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers. The Company sells its products and services to customers through a wholesale distribution network of approximately 75 service providers, approximately 200 value-added resellers and over 45 value-added manufacturers.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Diversified Communication Services
  • Sub-Industry: Alternative Carriers
  • Exchange: NASDAQ
  • Symbol: IRDM
  • CUSIP: 46269C10
Key Metrics:
  • Previous Close: $8.85
  • 50 Day Moving Average: $9.97
  • 200 Day Moving Average: $8.96
  • 52-Week Range: $6.52 - $11.54
  • Trailing P/E Ratio: 8.87
  • Foreward P/E Ratio: 41.59
  • P/E Growth: 1.50
  • Market Cap: $N/A
  • Outstanding Shares: 95,771,000
  • Beta: 1.72
Profitability:
  • Net Margins: 4.04%
  • Return on Equity: 8.21%
  • Return on Assets: 3.20%
Debt:
  • Current Ratio: 4.63%
  • Quick Ratio: 4.45%
Additional Links:
Companies Related to Iridium Communications:

Analyst Ratings

Consensus Ratings for Iridium Communications (NASDAQ:IRDM) (?)
Ratings Breakdown: 1 Hold Rating, 1 Buy Rating
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: N/A

Analysts' Ratings History for Iridium Communications (NASDAQ:IRDM)
Show:
DateFirmActionRatingPrice TargetDetails
12/4/2016Chardan CapitalReiterated RatingHoldView Rating Details
9/13/2016MacquarieReiterated RatingPositiveView Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Iridium Communications (NASDAQ:IRDM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
2/23/2017Q416$0.20$0.19$107.84 million$107.40 millionViewN/AView Earnings Details
10/27/2016Q316$0.24$0.26$111.21 million$112.80 millionViewListenView Earnings Details
7/28/2016Q216$0.25$0.22$107.34 million$109.20 millionViewListenView Earnings Details
4/28/2016Q116$0.18$0.23$104.04 million$104.20 millionViewListenView Earnings Details
2/25/2016Q415$0.18$0.14$104.63 million$106.40 millionViewListenView Earnings Details
10/29/2015Q315$0.19$0.24$104.62 million$106.00 millionViewListenView Earnings Details
7/30/2015Q215$0.19$0.21$102.45 million$101.92 millionViewListenView Earnings Details
4/30/2015Q115$0.18$0.17$101.21 million$97.00 millionViewListenView Earnings Details
2/26/2015Q414$0.13$0.19$99.33 million$100.50 millionViewN/AView Earnings Details
10/30/2014Q314$0.14$0.17$101.80 million$107.50 millionViewN/AView Earnings Details
7/31/2014Q214$0.18$0.14$98.28 million$102.50 millionViewN/AView Earnings Details
5/1/2014Q114$0.18$0.19$94.40 million$98.00 millionViewListenView Earnings Details
2/27/2014Q413$0.21$0.18$99.36 million$98.20 millionViewN/AView Earnings Details
10/31/2013Q313$0.21$0.19$97.85 million$100.60 millionViewN/AView Earnings Details
8/1/2013Q2 2013$0.22$0.18$99.31 million$94.70 millionViewN/AView Earnings Details
5/2/2013Q1 2013$0.19$0.19$97.63 million$89.19 millionViewN/AView Earnings Details
2/28/2013Q4 2012$0.21$0.19$98.14 million$92.30 millionViewN/AView Earnings Details
11/1/2012Q312$0.25$0.23$104.42 millionViewN/AView Earnings Details
8/2/2012$0.20$0.23ViewN/AView Earnings Details
5/3/2012$0.15$0.16ViewN/AView Earnings Details
3/6/2012$0.08$0.11ViewN/AView Earnings Details
1/25/2012$0.09$0.53ViewN/AView Earnings Details
11/8/2011$0.17$0.15ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Iridium Communications (NASDAQ:IRDM)
Current Year EPS Consensus Estimate: $0.59 EPS
Next Year EPS Consensus Estimate: $0.22 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.20$0.20$0.20
Q2 20161$0.22$0.22$0.22
Q3 20161$0.23$0.23$0.23
Q4 20161$0.21$0.21$0.21
Q1 20171$0.20$0.20$0.20
Q2 20171$0.21$0.21$0.21
Q3 20171$0.22$0.22$0.22
Q4 20171$0.21$0.21$0.21
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Iridium Communications (NASDAQ:IRDM)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Iridium Communications (NASDAQ:IRDM)
Insider Ownership Percentage: 5.50%
Institutional Ownership Percentage: 97.75%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/16/2016A B KrongardDirectorBuy50,000$9.95$497,500.00View SEC Filing  
9/9/2016Matthew J DeschCEOBuy15,000$6.98$104,700.00View SEC Filing  
9/7/2016Barry WestDirectorBuy10,000$7.25$72,500.00View SEC Filing  
3/1/2016Thomas C CanfieldDirectorBuy5,000$6.95$34,750.00View SEC Filing  
8/6/2013Matthew DeschCEOBuy15,000$7.12$106,800.00View SEC Filing  
8/6/2013Thomas CanfieldDirectorBuy10,000$7.10$71,000.00View SEC Filing  
5/9/2013Greenhill & Co IncDirectorSell15,000$7.45$111,750.00View SEC Filing  
5/7/2013Thomas C CanfieldDirectorBuy10,000$7.23$72,300.00View SEC Filing  
4/12/2013Greenhill & Co IncDirectorSell45,000$6.44$289,800.00View SEC Filing  
3/14/2013Greenhill & Co IncDirectorSell30,000$6.32$189,600.00View SEC Filing  
3/13/2013Thomas C CanfieldDirectorBuy7,500$6.35$47,625.00View SEC Filing  
2/6/2013Greenhill & Co IncDirectorSell45,000$6.96$313,200.00View SEC Filing  
1/18/2013Greenhill & Co IncDirectorSell45,000$6.88$309,600.00View SEC Filing  
12/21/2012Greenhill & Co IncDirectorSell15,000$5.69$85,350.00View SEC Filing  
12/5/2012Greenhill & Co IncDirectorSell30,000$6.27$188,100.00View SEC Filing  
11/29/2012Thomas C CanfieldDirectorBuy5,000$6.12$30,600.00View SEC Filing  
11/21/2012Ltd BaraloncoMajor ShareholderBuy5,800$5.70$33,060.00View SEC Filing  
11/20/2012Ltd BaraloncoMajor ShareholderBuy6,600$5.61$37,026.00View SEC Filing  
11/16/2012Ltd BaraloncoMajor ShareholderBuy6,100$5.49$33,489.00View SEC Filing  
11/13/2012Thomas C CanfieldDirectorBuy5,000$6.33$31,650.00View SEC Filing  
11/7/2012Ltd BaraloncoMajor ShareholderBuy3,300$6.27$20,691.00View SEC Filing  
11/6/2012Ltd BaraloncoMajor ShareholderBuy3,400$6.45$21,930.00View SEC Filing  
11/6/2012Robert H NiehausDirectorBuy30,000$6.45$193,500.00View SEC Filing  
11/6/2012S. Scott SmithEVPBuy5,000$6.45$32,250.00View SEC Filing  
10/4/2012Greenhill & Co IncDirectorSell30,000$7.49$224,700.00View SEC Filing  
9/6/2012Greenhill & Co IncDirectorSell30,000$7.55$226,500.00View SEC Filing  
8/10/2012Greenhill & Co IncDirectorSell30,000$7.33$219,900.00View SEC Filing  
8/9/2012Richard P NyrenVPBuy2,000$7.26$14,520.00View SEC Filing  
8/9/2012Thomas C CanfieldDirectorBuy7,000$7.27$50,890.00View SEC Filing  
8/8/2012Ltd BaraloncoMajor ShareholderBuy3,000$7.02$21,060.00View SEC Filing  
8/7/2012A B KrongardDirectorBuy25,000$7.33$183,250.00View SEC Filing  
8/7/2012Ltd BaraloncoMajor ShareholderBuy4,000$7.19$28,760.00View SEC Filing  
8/7/2012Thomas FitzpatrickCFOBuy10,000$7.08$70,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Iridium Communications (NASDAQ:IRDM)
DateHeadline
realistinvestor.com logoIridium Communications Inc (NASDAQ:IRDM) EPS Projection At ... - RealistInvestor.com (NASDAQ:IRDM)
www.realistinvestor.com - February 26 at 8:26 AM
News IconKeeping Tabs on Levels for Iridium Communications Inc. (NASDAQ:IRDM) - Midway Monitor (NASDAQ:IRDM)
midwaymonitor.com - February 25 at 8:31 AM
News IconSell-side is Weighing in on Iridium Communications Inc (NASDAQ ... - Aiken Advocate (NASDAQ:IRDM)
aikenadvocate.com - February 25 at 8:31 AM
News IconIridium Communications Inc (IRDM) Posts Earnings Results, Misses Expectations By $0.01 EPS (NASDAQ:IRDM)
alltheinternetofthings.com - February 24 at 7:14 PM
News IconIridium Communications Inc. (NASDAQ:IRDM) Closed the Last Trading Session at $9.1 (NASDAQ:IRDM)
fairydetox.org - February 24 at 7:14 PM
News IconIridium Communications Inc (NASDAQ:IRDM) Receives An Update From Brokers (NASDAQ:IRDM)
ekosvoice.com - February 24 at 7:14 PM
News IconIridium Communications Inc (NASDAQ:IRDM) To Release Earnings (NASDAQ:IRDM)
hoyentv.com - February 24 at 7:14 PM
finance.yahoo.com logoEdited Transcript of IRDM earnings conference call or presentation 23-Feb-17 1:30pm GMT (NASDAQ:IRDM)
finance.yahoo.com - February 23 at 10:59 PM
rttnews.com logoEARNINGS SUMMARY: Details of Iridium Communications Inc. Q4 Earnings Report (NASDAQ:IRDM)
www.rttnews.com - February 23 at 5:58 PM
News IconIridium Communications Inc (IRDM) Releases Earnings Results, Misses Expectations By $-0.01 EPS (NASDAQ:IRDM)
alltheinternetofthings.com - February 23 at 5:58 PM
4-traders.com logoIridium Communications : misses Street 4Q forecasts (NASDAQ:IRDM)
www.4-traders.com - February 23 at 5:58 PM
us.rd.yahoo.com logoIridium Announces Fourth-Quarter and Full-Year 2016 Results; Company Issues 2017 Outlook (NASDAQ:IRDM)
us.rd.yahoo.com - February 23 at 5:58 PM
biz.yahoo.com logoQ4 2016 Iridium Communications Inc Earnings Release - Before Market Open (NASDAQ:IRDM)
us.rd.yahoo.com - February 23 at 5:58 PM
us.rd.yahoo.com logo7:11 am Iridium Communications misses by $0.01, reports revs in-line; reaffirms long-range outlook (NASDAQ:IRDM)
us.rd.yahoo.com - February 23 at 5:58 PM
biz.yahoo.com logoIRIDIUM COMMUNICATIONS INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements a (NASDAQ:IRDM)
us.rd.yahoo.com - February 23 at 5:58 PM
sg.finance.yahoo.com logoIridium misses Street 4Q forecasts (NASDAQ:IRDM)
sg.finance.yahoo.com - February 23 at 5:58 PM
fool.com logoIridium Looks Forward to Growth From NEXT Launches (NASDAQ:IRDM)
www.fool.com - February 23 at 5:58 PM
News IconInside Track: Trading Focus on Shares of Iridium Communications Inc (IRDM) - Rives Journal (NASDAQ:IRDM)
rivesjournal.com - February 22 at 11:10 PM
News IconStock in Focus: Iridium Communications Inc. (NASDAQ:IRDM) - Baldwin Journal (NASDAQ:IRDM)
baldwinjournal.com - February 22 at 11:10 PM
News IconIridium Communications Inc (NASDAQ:IRDM) Target Price At $11 - Transcript Daily (NASDAQ:IRDM)
transcriptdaily.com - February 22 at 11:10 PM
thestreet.com logoFirst Week Of October 20th Options Trading For Iridium Communications - TheStreet.com (NASDAQ:IRDM)
www.thestreet.com - February 22 at 11:10 PM
News IconIridium Communications Inc (IRDM) Scheduled to Post Quarterly Earnings on Thursday (NASDAQ:IRDM)
alltheinternetofthings.com - February 22 at 6:10 PM
News IconPrice Index Watch on Shares of Iridium Communications Inc. (NASDAQ:IRDM) - BVN (NASDAQ:IRDM)
bvnewsjournal.com - February 22 at 12:36 PM
News IconStock Price of Iridium Communications Inc (IRDM) Decreases -4.08 ... - Highland Mirror (NASDAQ:IRDM)
www.highlandmirror.com - February 22 at 12:36 PM
marketexclusive.com logoIridium Communications Inc. (NASDAQ:IRDM) Files An 8-K ... - Market Exclusive (NASDAQ:IRDM)
marketexclusive.com - February 20 at 10:34 AM
News IconEquity in Focus: Iridium Communications Inc. (IRDM) - Benton Bulletin (NASDAQ:IRDM)
bentonbulletin.com - February 18 at 11:01 AM
News IconThe Iridium Communications Inc. (IRDM) Upgraded to Buy at the TheStreet (NASDAQ:IRDM)
alltheinternetofthings.com - February 17 at 5:27 PM
biz.yahoo.com logoIRIDIUM COMMUNICATIONS INC. Files SEC form 8-K, Regulation FD Disclosure (NASDAQ:IRDM)
biz.yahoo.com - February 17 at 5:27 PM
News IconFalcon 9 Launch of Iridium Satellites Slips Two Months (NASDAQ:IRDM)
www.parabolicarc.com - February 16 at 4:50 PM
News IconThe Iridium Communications Inc (IRDM) Stake Increased by the Aperio Group LLC (NASDAQ:IRDM)
alltheinternetofthings.com - February 16 at 4:50 PM
News IconBrokers Watch List: Zions Bancorporation (NASDAQ:ZION), Iridium Communications Inc. (NASDAQ:IRDM) - The Newburgh Press (NASDAQ:IRDM)
newburghpress.com - February 15 at 8:57 PM
News IconIs The Sell-Side Predicting That Iridium Communications Inc (NASDAQ:IRDM) Will Move Higher? - Winfield Review (NASDAQ:IRDM)
winfieldreview.com - February 15 at 8:57 PM
finance.yahoo.com logo7:33 am Iridium Communications receives a targeted launch date of mid-June for the second mission of ten Iridium NEXT satellites (NASDAQ:IRDM)
finance.yahoo.com - February 15 at 8:57 PM
News IconThe BlackRock Inc. Has $488000 Position in Iridium Communications Inc (IRDM) (NASDAQ:IRDM)
alltheinternetofthings.com - February 14 at 12:04 AM
News IconPrice Target Of Iridium Communications Inc (NASDAQ:IRDM)At $11 - Transcript Daily (NASDAQ:IRDM)
transcriptdaily.com - February 10 at 11:44 PM
News IconConsensus Price Of Iridium Communications Inc (NASDAQ:IRDM ... - Transcript Daily (NASDAQ:IRDM)
transcriptdaily.com - February 8 at 11:46 PM
News IconIridium Communications Inc. (NASDAQ:IRDM) Insider Ownership stands at 2.3 - The Newburgh Press (NASDAQ:IRDM)
newburghpress.com - February 8 at 11:46 PM
marketrealist.com logoTelecom Services and Consumer Staples Were Weaker (NASDAQ:IRDM)
marketrealist.com - February 7 at 7:16 PM
News IconThe Iridium Communications Inc (IRDM) Stake Increased by Municipal Employees Retirement ... (NASDAQ:IRDM)
alltheinternetofthings.com - February 6 at 6:01 PM
News IconStock Review Analysis: Iridium Communications Inc. (NASDAQ:IRDM) - The Oracle Examiner (NASDAQ:IRDM)
oracleexaminer.com - February 6 at 10:33 AM
capitalcube.com logoETFs with exposure to Iridium Communications, Inc. : February 3, 2017 (NASDAQ:IRDM)
www.capitalcube.com - February 3 at 6:33 PM
News IconEarnings Forecast Research on Iridium Communications Inc (IRDM ... - Morning Outlook (NASDAQ:IRDM)
www.morningoutlook.com - February 3 at 4:42 AM
finance.yahoo.com logoIridium Announces Release Date for Fourth-Quarter 2016 Financial Results (NASDAQ:IRDM)
finance.yahoo.com - February 2 at 6:40 PM
capitalcube.com logoIridium Communications, Inc. breached its 50 day moving average in a Bearish Manner : IRDM-US : February 2, 2017 (NASDAQ:IRDM)
www.capitalcube.com - February 2 at 6:40 PM
News IconIridium's NEXT Aboard SpaceX Falcon Shares Next Spatial Deliveries (NASDAQ:IRDM)
www.satnews.com - February 1 at 11:46 PM
News IconIridium NEXT Climbs Aboard SpaceX Falcon to Share Next Spatial Deliveries (NASDAQ:IRDM)
satnews.com - January 31 at 11:50 PM
finance.yahoo.com logoIridium Adds Eighth Launch with SpaceX for Satellite Rideshare with NASA/GFZ (NASDAQ:IRDM)
finance.yahoo.com - January 31 at 6:46 PM
bizjournals.com logoSpaceX adds another Iridium launch order (NASDAQ:IRDM)
www.bizjournals.com - January 31 at 6:46 PM
latimes.com logoSpaceX gets new launch order, targets mid-February for next satellite launch (NASDAQ:IRDM)
www.latimes.com - January 31 at 1:28 PM
News IconCrunching the Numbers for Iridium Communications Inc. (IRDM) - Sherwood Daily (NASDAQ:IRDM)
sherwooddaily.com - January 29 at 4:09 AM

Social

What is Iridium Communications' stock symbol?

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

When will Iridium Communications announce their earnings?

Iridium Communications is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

Who owns Iridium Communications stock?

Iridium Communications' stock is owned by many different of institutional and retail investors. Top institutional investors include FMR LLC (7.98%), Dimensional Fund Advisors LP (4.25%), Pinnacle Associates Ltd. (2.31%), State Street Corp (1.99%), Franklin Resources Inc. (0.81%) and Royce & Associates LP (0.69%). Company insiders that own Iridium Communications stock include A B Krongard, Barry West, Matthew J Desch and Thomas C Canfield.

Who sold Iridium Communications stock? Who is selling Iridium Communications stock?

Iridium Communications' stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Pinnacle Associates Ltd., Marshall Wace LLP, FMR LLC, Pacad Investment Ltd., Guggenheim Capital LLC, Gamco Investors INC. ET AL and Raymond James Financial Services Advisors Inc..

Who bought Iridium Communications stock? Who is buying Iridium Communications stock?

Iridium Communications' stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Russell Investments Group Ltd., Zimmer Partners LP, Two Sigma Investments LP, Brown Advisory Inc., State Board of Administration of Florida Retirement System, GSA Capital Partners LLP and Ladenburg Thalmann Financial Services Inc.. Company insiders that have bought Iridium Communications stock in the last two years include A B Krongard, Barry West, Matthew J Desch and Thomas C Canfield.

How do I buy Iridium Communications stock?

Shares of Iridium Communications can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Iridium Communications stock cost?

One share of Iridium Communications stock can currently be purchased for approximately $9.15.

Iridium Communications (NASDAQ:IRDM) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Iridium Communications (NASDAQ:IRDM)

Earnings History Chart

Earnings by Quarter for Iridium Communications (NASDAQ:IRDM)

Dividend History Chart

Dividend Payments by Quarter for Iridium Communications (NASDAQ:IRDM)

Last Updated on 2/27/2017 by MarketBeat.com Staff