NASDAQ:IRDM - Iridium Communications Stock Price, News, & Analysis

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$19.71 +0.14 (+0.72 %)
(As of 01/18/2019 04:00 PM ET)
Previous Close$19.71
Today's Range$19.53 - $20.08
52-Week Range$10.75 - $24.35
Volume674,045 shs
Average Volume919,514 shs
Market Capitalization$2.18 billion
P/E Ratio28.16
Dividend YieldN/A
Beta2.15
Iridium Communications, Inc. is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company's current principal lines of business include Land Mobile, Maritime, Aviation, and Government. The Land Mobile business engages in the provision of mobile satellite communications services to the land mobile sector, providing handset services to areas not served or inconsistently served by existing terrestrial communications networks. The Maritime business provides broadband terminals, embedded devices and handsets. Its market space includes merchant shipping, fishing, research vessels and specialized water craft. The Aviation business provides mobile satellite communications services to the aviation sector. Its services are used in commercial and global government aviation applications, principally by corporate jets, corporate and government helicopter fleets, specialized general aviation fleets, such as medevac companies and fire suppression fleets, and high-end personal aircraft. The Government business line involves in the provision of mobile satellite communications services to the U.S. government, principally the Department of Defense. Its voice products are used for a variety of primary and backup communications solutions, including tactical operations, logistical, administrative, morale and welfare, and emergency communications. The company's commercial services includes: Postpaid Mobile Voice and Data Satellite Communications; Prepaid Mobile Voice Satellite Communications; Iridium PTT; Broadband Data; and Machine-to-Machine services. Iridium Communications was founded on November 2, 2007 and is headquartered in McLean, VA.

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Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
SectorComputer and Technology
Current SymbolNASDAQ:IRDM
CUSIP46269C10
Phone703-287-7400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$448.05 million
Cash Flow$2.3409 per share
Book Value$16.30 per share

Profitability

Net Income$233.85 million

Miscellaneous

Employees420
Market Cap$2.18 billion
OptionableOptionable

Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

What is Iridium Communications' stock symbol?

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

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc (NASDAQ:IRDM) issued its quarterly earnings results on Thursday, October, 25th. The technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.07) by $0.06. The technology company had revenue of $136.76 million for the quarter, compared to analyst estimates of $128.32 million. Iridium Communications had a return on equity of 1.01% and a net margin of 26.88%. View Iridium Communications' Earnings History.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for Iridium Communications.

What price target have analysts set for IRDM?

5 Wall Street analysts have issued 12 month price targets for Iridium Communications' shares. Their predictions range from $14.75 to $26.00. On average, they expect Iridium Communications' share price to reach $21.4375 in the next year. This suggests a possible upside of 8.8% from the stock's current price. View Analyst Price Targets for Iridium Communications.

What is the consensus analysts' recommendation for Iridium Communications?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 1 sell rating, 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Iridium Communications.

Has Iridium Communications been receiving favorable news coverage?

Media coverage about IRDM stock has been trending somewhat positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Iridium Communications earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the next few days.

Who are some of Iridium Communications' key competitors?

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the folowing people:
  • Matthew J. Desch, Chief Executive Officer & Director
  • S. Scott Smith, Chief Operating Officer & Director
  • Thomas J. Fitzpatrick, Director, Chief Financial & Administrative Officer
  • Scott T. Scheimreif, Executive Vice President-Government Programs
  • Bryan J. Hartin, Executive Vice President-Sales & Marketing

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Dudley & Shanley Inc. (0.09%), Riggs Asset Managment Co. Inc. (0.07%), Louisiana State Employees Retirement System (0.03%), State of Alaska Department of Revenue (0.03%), Ipswich Investment Management Co. Inc. (0.01%) and Virtu Financial LLC (0.01%). Company insiders that own Iridium Communications stock include A B Krongard, Bryan J Hartin, Matthew J Desch, S Scott Smith, Thomas C Canfield and Thomas D Hickey. View Institutional Ownership Trends for Iridium Communications.

Which major investors are selling Iridium Communications stock?

IRDM stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Matthew J Desch, S Scott Smith, Thomas C Canfield and Thomas D Hickey. View Insider Buying and Selling for Iridium Communications.

Which major investors are buying Iridium Communications stock?

IRDM stock was bought by a variety of institutional investors in the last quarter, including Riggs Asset Managment Co. Inc., Ipswich Investment Management Co. Inc., Virtu Financial LLC, Dudley & Shanley Inc., Founders Capital Management and State of Alaska Department of Revenue. Company insiders that have bought Iridium Communications stock in the last two years include A B Krongard and Thomas C Canfield. View Insider Buying and Selling for Iridium Communications.

How do I buy shares of Iridium Communications?

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

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $19.71.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $2.18 billion and generates $448.05 million in revenue each year. The technology company earns $233.85 million in net income (profit) each year or $0.70 on an earnings per share basis. Iridium Communications employs 420 workers across the globe.

What is Iridium Communications' official website?

The official website for Iridium Communications is http://www.iridium.com.

How can I contact Iridium Communications?

Iridium Communications' mailing address is 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102. The technology company can be reached via phone at 703-287-7400 or via email at [email protected]


MarketBeat Community Rating for Iridium Communications (NASDAQ IRDM)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  340 (Vote Outperform)
Underperform Votes:  356 (Vote Underperform)
Total Votes:  696
MarketBeat's community ratings are surveys of what our community members think about Iridium Communications and other stocks. Vote "Outperform" if you believe IRDM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IRDM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/19/2019 by MarketBeat.com Staff

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