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S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
NASDAQ:IRDM

Iridium Communications (IRDM) Stock Price, News & Analysis

$29.71
+0.76 (+2.63%)
(As of 03/1/2024 ET)
Today's Range
$28.79
$30.15
50-Day Range
$28.32
$41.26
52-Week Range
$27.89
$68.34
Volume
1.00 million shs
Average Volume
1.26 million shs
Market Capitalization
$3.64 billion
P/E Ratio
228.54
Dividend Yield
1.75%
Price Target
$49.80

Iridium Communications MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
67.6% Upside
$49.80 Price Target
Short Interest
Healthy
2.42% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.74
Upright™ Environmental Score
News Sentiment
0.82mentions of Iridium Communications in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.08%
From $0.65 to $0.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.53 out of 5 stars

Computer And Technology Sector

92nd out of 598 stocks

Communications Equipment, Not Elsewhere Classified Industry

1st out of 12 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
South Korean Military Adopts Iridium Connectivity
Iridium Communications Is Nearing Buy Territory
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
7 Small-Cap Value Stocks With Outsized Potential
IRDM, ENVX and HTOO are among after hour movers
Iridium to Participate in Investor Conferences
Iridium just downgraded at BWS Financial, here's why
Q4 2023 Iridium Communications Inc Earnings Call
William Blair gets more bearish on Iridium, downgrades shares
Iridium just downgraded at LightShed Partners, here's why
Iridium Communications Inc. Q4 Earnings Summary
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
2/15/2024
Today
3/02/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

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
$49.80
High Stock Price Target
$72.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+67.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$15.41 million
Pretax Margin
-0.60%

Debt

Sales & Book Value

Annual Sales
$790.72 million
Cash Flow
$2.81 per share
Book Value
$7.25 per share

Miscellaneous

Free Float
119,875,000
Market Cap
$3.64 billion
Optionable
Optionable
Beta
0.87

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IRDM Stock Analysis - Frequently Asked Questions

Should I buy or sell Iridium Communications stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last twelve months. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" IRDM shares.
View IRDM analyst ratings
or view top-rated stocks.

What is Iridium Communications' stock price target for 2024?

6 equities research analysts have issued 12 month price targets for Iridium Communications' shares. Their IRDM share price targets range from $30.00 to $72.00. On average, they predict the company's stock price to reach $49.80 in the next year. This suggests a possible upside of 67.6% 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 2024?

Iridium Communications' stock was trading at $41.16 at the start of the year. Since then, IRDM shares have decreased by 27.8% and is now trading at $29.71.
View the best growth stocks for 2024 here
.

When is Iridium Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 18th 2024.
View our IRDM earnings forecast
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) announced its earnings results on Thursday, February, 15th. The technology company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.27. The technology company had revenue of $194.74 million for the quarter, compared to analysts' expectations of $192.13 million. Iridium Communications had a trailing twelve-month return on equity of 1.58% and a net margin of 1.95%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) 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 Friday, February 2nd. Investors of record on Friday, March 15th will be paid a dividend of $0.13 per share on Friday, March 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Thursday, March 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 1.80%. The dividend payout ratio is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, IRDM will have a dividend payout ratio of 77.61% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for IRDM.

How will Iridium Communications' stock buyback program work?

Iridium Communications declared that its Board of Directors has approved a share repurchase 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 repurchase up to 6.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its stock is 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.49%), Capital International Investors (5.98%), Silver Heights Capital Management Inc (2.14%), Clearbridge Investments LLC (1.83%), ARK Investment Management LLC (1.76%) and Dimensional Fund Advisors LP (1.56%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 3/2/2024 by MarketBeat.com Staff