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NASDAQ:IRDM

Iridium Communications Stock Forecast, Price & News

$25.21
+0.51 (+2.06 %)
(As of 09/28/2020 12:00 AM ET)
Add
Compare
Today's Range
$24.84
Now: $25.21
$25.30
50-Day Range
$24.11
MA: $28.13
$29.63
52-Week Range
$16.87
Now: $25.21
$32.08
Volume742,720 shs
Average Volume825,013 shs
Market Capitalization$3.34 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.43
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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Iridium Communications logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.25 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$560.44 million
Cash Flow$1.67 per share
Book Value$11.13 per share

Profitability

Net Income$-162,000,000.00

Miscellaneous

Employees469
Market Cap$3.34 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$25.21
+0.51 (+2.06 %)
(As of 09/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

How has Iridium Communications' stock been impacted by Coronavirus (COVID-19)?

Iridium Communications' stock was trading at $23.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IRDM stock has increased by 9.5% and is now trading at $25.21.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Iridium Communications?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Iridium Communications
.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Iridium Communications
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc (NASDAQ:IRDM) issued its quarterly earnings results on Tuesday, July, 28th. The technology company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.05. The technology company earned $140.17 million during the quarter, compared to analysts' expectations of $136.76 million. Iridium Communications had a negative return on equity of 3.97% and a negative net margin of 29.87%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) EPS.
View Iridium Communications' earnings history
.

What price target have analysts set for IRDM?

4 equities research analysts have issued twelve-month target prices for Iridium Communications' stock. Their forecasts range from $29.00 to $32.00. On average, they anticipate Iridium Communications' share price to reach $30.67 in the next twelve months. This suggests a possible upside of 21.6% from the stock's current price.
View analysts' price targets for Iridium Communications
.

Who are some of Iridium Communications' key competitors?

Some companies that are related to Iridium Communications include Cogent Communications (CCOI), Vonage (VG), 8X8 (EGHT), ORBCOMM (ORBC) and Towerstream (TWER).
View all competitors
.

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), Micron Technology (MU), Cisco Systems (CSCO), Verizon Communications (VZ), Square (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and Intel (INTC).

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the following people:
  • Mr. Matthew J. Desch, CEO & Director (Age 61)
  • Mr. Thomas J. Fitzpatrick, Chief Admin. Officer, CFO & Director (Age 61)
  • Mr. Thomas D. Hickey, Chief Legal Officer & Sec. (Age 59)
  • Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 55)
  • Ms. Suzanne E. McBride, Chief Operating Officer (Age 50)

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 many different retail and institutional investors. Top institutional shareholders include Bamco Inc. NY (9.79%), Vanguard Group Inc. (8.85%), FMR LLC (2.18%), Silver Heights Capital Management Inc (1.85%), Sumitomo Mitsui Trust Holdings Inc. (1.62%) and Pinnacle Associates Ltd. (0.94%). Company insiders that own Iridium Communications stock include Bryan J Hartin, Matthew J Desch, Parker William Rush, Robert H Niehaus, S Scott Smith, Scott Scheimreif, Steven B Pfeiffer, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka.
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 Goldman Sachs Group Inc., Nuveen Asset Management LLC, FMR LLC, Dudley & Shanley Inc., Raymond James & Associates, Barclays PLC, Prudential Financial Inc., and WealthTrust Axiom LLC. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Matthew J Desch, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick, and Timothy Kapalka.
View insider buying and selling activity 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 Sumitomo Mitsui Trust Holdings Inc., Jaffetilchin Investment Partners LLC, Silver Heights Capital Management Inc, Fisher Asset Management LLC, Vanguard Group Inc., Bessemer Group Inc., Formula Growth Ltd., and Man Group plc.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $25.21.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $3.34 billion and generates $560.44 million in revenue each year. The technology company earns $-162,000,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. Iridium Communications employs 469 workers across the globe.

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 or via email at [email protected]

This page was last updated on 9/28/2020 by MarketBeat.com Staff

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