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

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$20.80 -0.73 (-3.39 %)
(As of 11/20/2018 10:12 AM ET)
Previous Close$21.53
Today's Range$20.71 - $21.04
52-Week Range$10.75 - $24.10
Volume6,927 shs
Average Volume1.03 million shs
Market Capitalization$2.43 billion
P/E Ratio29.94
Dividend YieldN/A
Beta2
Iridium Communications Inc. provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign 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 other services, such as 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; submarine communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence community, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the department of defense'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.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio1.16
Current Ratio1.53
Quick Ratio1.46

Price-To-Earnings

Trailing P/E Ratio29.94
Forward P/E Ratio-104.00
P/E GrowthN/A

Sales & Book Value

Annual Sales$448.05 million
Price / Sales5.17
Cash Flow$2.2175 per share
Price / Cash9.38
Book Value$16.30 per share
Price / Book1.28

Profitability

EPS (Most Recent Fiscal Year)$0.70
Net Income$233.85 million
Net Margins26.88%
Return on Equity1.01%
Return on Assets0.40%

Miscellaneous

Employees420
Outstanding Shares111,340,000
Market Cap$2.43 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) released its earnings results on Thursday, October, 25th. The technology company reported ($0.13) earnings per share for the quarter, missing the Zacks' 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 twelve-month price objectives for Iridium Communications' shares. Their predictions range from $14.75 to $26.00. On average, they expect Iridium Communications' stock price to reach $21.4375 in the next year. This suggests a possible upside of 3.6% 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, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Iridium Communications.

Has Iridium Communications been receiving favorable news coverage?

Press coverage about IRDM stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Iridium Communications earned a daily sentiment score of -2.2 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of Iridium Communications' key competitors?

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the folowing people:
  • Mr. Matthew J. Desch, CEO & Director (Age 60)
  • Mr. Thomas J. Fitzpatrick, Chief Admin. Officer, CFO & Director (Age 60)
  • Mr. S. Scott Smith, COO & Director (Age 59)
  • Mr. Thomas D. Hickey, Chief Legal Officer & Sec. (Age 58)
  • Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 54)

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.60%), Dimensional Fund Advisors LP (4.79%), Van Berkom & Associates Inc. (4.48%), Capital World Investors (4.04%), Capital International Investors (2.84%) and Glenmede Trust Co. NA (2.35%). Company insiders that own Iridium Communications stock include A B Krongard, Bryan J Hartin, 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 Capital World Investors, Great West Life Assurance Co. Can, Glenmede Trust Co. NA, Royce & Associates LP, Wells Fargo & Company MN, JPMorgan Chase & Co., JPMorgan Chase & Co. and Van Berkom & Associates Inc.. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, 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 acquired by a variety of institutional investors in the last quarter, including Capital International Investors, BlackRock Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, Bank of New York Mellon Corp, Nisa Investment Advisors LLC, Man Group plc and Bank of Montreal Can. 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 $20.70.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $2.43 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:  2.5 out of 5 (star star half star)
Outperform Votes:  323 (Vote Outperform)
Underperform Votes:  332 (Vote Underperform)
Total Votes:  655
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 11/20/2018 by MarketBeat.com Staff

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