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Iridium Communications (IRDM) Stock Price, News & Analysis

$39.84
-0.74 (-1.82%)
(As of 04:00 PM ET)
Compare
Today's Range
$39.60
$41.21
50-Day Range
$35.51
$44.86
52-Week Range
$34.21
$68.34
Volume
646,981 shs
Average Volume
791,620 shs
Market Capitalization
$4.93 billion
P/E Ratio
N/A
Dividend Yield
1.31%
Price Target
$64.40

Iridium Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
61.6% Upside
$64.40 Price Target
Short Interest
Healthy
2.33% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.74
Upright™ Environmental Score
News Sentiment
1.13mentions of Iridium Communications in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$1.04 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.15) to $0.22 Per Share

Overall MarketRank

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

2.65 out of 5 stars

Computer And Technology Sector

77th out of 579 stocks

Communications Equipment, Not Elsewhere Classified Industry

1st out of 11 stocks


IRDM stock logo

About Iridium Communications Stock (NASDAQ:IRDM)

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 Stock Price History

IRDM Stock News Headlines

Iridium Comms Recent Insider Activity
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Iridium Announces New D2D Direction
Iridium Communications Inc IRDM
Q3 2023 Iridium Communications Inc Earnings Call
Iridium Communications Q3 Operational EBITDA Rises; Updates 2023 Outlook
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Last Earnings
10/19/2023
Today
12/11/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/15/2024

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 Target
$64.40
High Stock Price Target
$75.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+58.7%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

Net Income
$8.72 million
Pretax Margin
-4.62%

Debt

Sales & Book Value

Annual Sales
$721.03 million
Cash Flow
$2.57 per share
Book Value
$8.98 per share

Miscellaneous

Free Float
121,250,000
Market Cap
$5.03 billion
Optionable
Optionable
Beta
1.01

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IRDM Stock Analysis - Frequently Asked Questions

Should I buy or sell Iridium Communications stock right now?

6 Wall Street equities research 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 equities research analysts is that investors should "buy" IRDM shares.
View IRDM analyst ratings
or view top-rated stocks.

What is Iridium Communications' stock price target for 2024?

6 brokers have issued twelve-month target prices for Iridium Communications' stock. Their IRDM share price targets range from $53.00 to $75.00. On average, they predict the company's stock price to reach $64.40 in the next twelve months. This suggests a possible upside of 61.6% 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 shares have decreased by 22.5% and is now trading at $39.84.
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, February 15th 2024.
View our IRDM earnings forecast
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) posted its quarterly earnings data on Thursday, October, 19th. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.03 by $0.04. The technology company earned $197.60 million during the quarter, compared to analysts' expectations of $200.09 million. Iridium Communications had a negative net margin of 2.96% and a negative trailing twelve-month return on equity of 2.26%. Iridium Communications's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 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 Monday, December 4th. Investors of record on Friday, December 15th will be given a dividend of $0.13 per share on Friday, December 29th. This represents a $0.52 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, December 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 1.28%.
Read our dividend analysis for IRDM.

How will Iridium Communications' stock buyback program work?

Iridium Communications announced that its board has approved a stock buyback plan on Thursday, July 27th 2023, which authorizes the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 6.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are 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).

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bamco Inc. NY (11.77%), Clearbridge Investments LLC (1.75%), Van Berkom & Associates Inc. (1.66%), ARK Investment Management LLC (1.54%), Invesco Ltd. (1.38%) and Northern Trust Corp (1.28%). 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.

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
This page (NASDAQ:IRDM) was last updated on 12/11/2023 by MarketBeat.com Staff

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