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NASDAQ:IRDM

Iridium Communications (IRDM) Stock Forecast, Price & News

$34.53
-0.97 (-2.73%)
(As of 05/18/2022 04:00 PM ET)
Add
Compare
Today's Range
$34.31
$35.72
50-Day Range
$33.30
$42.49
52-Week Range
$31.73
$48.95
Volume
460,728 shs
Average Volume
916,138 shs
Market Capitalization
$4.42 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.17
30 days | 90 days | 365 days | Advanced Chart
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Iridium Communications logo

About Iridium Communications

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, personal connectivity devices, 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. was founded in 2000 and is headquartered in McLean, Virginia.

Headlines

Iridium Communications Stock is Ready to Return to Orbit
Global satellite communications provider Iridium (NASDAQ: IRDM) stock recently took a nosedive from the selling in benchmark indices.
Iridium Communications Stock is Ready to Return to Orbit (IRDM)
Global satellite communications provider Iridium (NASDAQ: IRDM) stock recently took a nosedive from the selling in benchmark indices.
See More Headlines

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:IRDM
CUSIP
46269C10
Employees
537
Year Founded
2000

Sales & Book Value

Annual Sales
$614.50 million
Cash Flow
$2.27 per share
Book Value
$9.74 per share

Profitability

Net Income
$-9.32 million
Pretax Margin
-1.64%

Debt

Price-To-Earnings

Miscellaneous

Free Float
124,792,000
Market Cap
$4.42 billion
Optionable
Optionable

Company Calendar

Last Earnings
4/19/2022
Today
5/18/2022
Next Earnings (Estimated)
7/19/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.39 out of 5 stars

Computer And Technology Sector

251st out of 930 stocks

Communications Equipment, Not Elsewhere Classified Industry

4th out of 18 stocks

Analyst Opinion: 3.6Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

Is Iridium Communications a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last twelve months. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Iridium Communications stock.
View analyst ratings for Iridium Communications
or view top-rated stocks.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release its next quarterly earnings announcement on Tuesday, July 19th 2022.
View our earnings forecast for Iridium Communications
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) posted its quarterly earnings data on Tuesday, April, 19th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The technology company had revenue of $168.20 million for the quarter, compared to analysts' expectations of $156.83 million. Iridium Communications had a negative net margin of 0.21% and a negative trailing twelve-month return on equity of 0.10%. Iridium Communications's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the firm earned ($0.04) earnings per share.
View Iridium Communications' earnings history
.

How will Iridium Communications' stock buyback program work?

Iridium Communications declared that its board has initiated a share buyback program on Tuesday, April 19th 2022, which authorizes the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

What price target have analysts set for IRDM?

5 equities research analysts have issued 1 year price objectives for Iridium Communications' stock. Their forecasts range from $44.00 to $60.00. On average, they anticipate Iridium Communications' stock price to reach $50.00 in the next twelve months. This suggests a possible upside of 44.8% from the stock's current price.
View analysts' price targets for Iridium Communications
or view top-rated stocks among Wall Street analysts.

Who are Iridium Communications' key executives?
Iridium Communications' management team includes the following people:
  • Mr. Matthew J. Desch, CEO & Director (Age 64, Pay $1.34M)
  • Mr. Thomas J. Fitzpatrick, CFO, Chief Admin. Officer & Director (Age 64, Pay $786.58k)
  • Ms. Suzanne E. McBride, COO & Director (Age 53, Pay $608.73k) (LinkedIn Profile)
  • Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 58, Pay $501.14k) (LinkedIn Profile)
  • Mr. Scott T. Scheimreif, Exec. VP of Gov. Programs (Age 53, Pay $483.73k) (LinkedIn Profile)
  • Mr. Gregory Pelton, Chief Technical Officer
  • Ms. Manjula Sriram, VP & Chief Information Officer
  • Mr. Kenneth B. Levy, VP of Investor Relations
  • Ms. Kathleen A. Morgan, Chief Legal Officer & Company Sec.
  • Mr. Donald L. Thoma, Pres & CEO of Aireon LLC (Age 60)
What is Matt Desch's approval rating as Iridium Communications' CEO?

48 employees have rated Iridium Communications CEO Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among Iridium Communications' 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), Square (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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.30%), Vanguard Group Inc. (9.51%), State Street Corp (3.70%), Invesco Ltd. (2.15%), Dimensional Fund Advisors LP (2.00%) and ARK Investment Management LLC (1.84%). Company insiders that own Iridium Communications stock include Barry West, Bryan J Hartin, Henrik O Schliemann, Leon Anthony Frazier, Matthew J Desch, Robert H Niehaus, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Suzanne E Mcbride, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka.
View institutional ownership trends for Iridium Communications
.

Which institutional investors are selling Iridium Communications stock?

IRDM stock was sold by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Goldman Sachs Group Inc., UBS Group AG, Twin Tree Management LP, Van Berkom & Associates Inc., and Northern Trust Corp. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Henrik O Schliemann, Robert H Niehaus, Steven B Pfeiffer, Suzanne E Mcbride, and Timothy Kapalka.
View insider buying and selling activity for Iridium Communications
or view top insider-selling stocks.

Which institutional investors are buying Iridium Communications stock?

IRDM stock was purchased by a variety of institutional investors in the last quarter, including Select Equity Group L.P., State Street Corp, Renaissance Technologies LLC, Connor Clark & Lunn Investment Management Ltd., JPMorgan Chase & Co., Invesco Ltd., Charles Schwab Investment Management Inc., and American Century Companies Inc..
View insider buying and selling activity for Iridium Communications
or or view top insider-buying stocks.

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 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 $34.53.

How much money does Iridium Communications make?

Iridium Communications has a market capitalization of $4.42 billion and generates $614.50 million in revenue each year. The technology company earns $-9.32 million in net income (profit) each year or ($0.01) on an earnings per share basis.

How many employees does Iridium Communications have?

Iridium Communications employs 537 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 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..

When was Iridium Communications founded?

Iridium Communications was founded in 2000.

What is Iridium Communications' official website?

The official website for Iridium Communications is 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, via email at [email protected], or via fax at 703-287-7450.

This page was last updated on 5/18/2022 by MarketBeat.com Staff

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