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

$23.84
+0.09 (+0.38 %)
(As of 12/13/2019 04:00 PM ET)
Today's Range
$23.21
Now: $23.84
$23.99
50-Day Range
$23.21
MA: $24.34
$25.82
52-Week Range
$16.64
Now: $23.84
$28.24
Volume667,342 shs
Average Volume872,253 shs
Market Capitalization$3.13 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.05
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$523.01 million
Cash Flow$2.02 per share
Book Value$14.39 per share

Profitability

Net Income$-13,380,000.00

Miscellaneous

Employees469
Market Cap$3.13 billion
Next Earnings Date2/27/2020 (Estimated)
OptionableOptionable

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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 quarterly earnings results on Tuesday, October, 29th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by $0.01. The technology company had revenue of $144.80 million for the quarter, compared to analysts' expectations of $142.05 million. Iridium Communications had a negative return on equity of 3.91% and a negative net margin of 11.15%. Iridium Communications's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.13) earnings per share. 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 27th 2020. View Earnings Estimates for Iridium Communications.

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 $14.00 to $33.00. On average, they anticipate Iridium Communications' stock price to reach $27.00 in the next year. This suggests a possible upside of 13.3% 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 and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Iridium Communications.

What are Wall Street analysts saying about Iridium Communications stock?

Here are some recent quotes from research analysts about Iridium Communications stock:
  • 1. According to Zacks Investment Research, "Iridium Communications Inc., formerly GHL Acquisition Corp., is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering 100% global coverage. Iridium offers voice and data communications services to the U.S. and foreign governments, businesses, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, seven in-orbit spares and related ground infrastructure. Iridium's commercial end-user base includes the emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation markets. Iridium's products and related applications are installed in unmanned aerial vehicles, helicopters, commercial aircrafts, marine vessels, and ground vehicles. " (11/1/2019)
  • 2. Northland Securities analysts commented, "We continue to believe there is still an ample amount of investor uncertainty on what each respective satellite company can or cannot do. Said another way and through our many investor / media conversations, there appears to be a lingering confusion on the difference between L- band (IRDM) and Ka (ISAT / VSAT / SES / I). As a result and for IRDM, we believe investors are mostly caught up in the early / hype / top of the cycle stage and incorrectly grouping IRDM with other true broadband / HTS Ku satellite providers. In reality and as reaffirmed with many VAR channel check calls, we believe IRDM’s Certus “Broadband” product suite is far from innovative and will be nothing more than a back-up / low ARPU service in an increasingly shrinking L-Band marketplace." (3/20/2019)

Has Iridium Communications been receiving favorable news coverage?

Media stories about IRDM stock have been trending positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Iridium Communications earned a media sentiment score of 2.2 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Iridium Communications.

Are investors shorting Iridium Communications?

Iridium Communications saw a increase in short interest in November. As of November 29th, there was short interest totalling 9,180,000 shares, an increase of 8.0% from the November 14th total of 8,500,000 shares. Based on an average daily trading volume, of 837,300 shares, the days-to-cover ratio is currently 11.0 days. Currently, 8.1% of the shares of the stock are sold short. View Iridium Communications' Current Options Chain.

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).

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 Verizon Communications (VZ), Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Cisco Systems (CSCO), Boeing (BA), Plug Power (PLUG), Inmarsat (ISAT), Corbus Pharmaceuticals (CRBP) and Bank of America (BAC).

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the folowing 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)

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (2.24%), Select Equity Group L.P. (1.03%), Dudley & Shanley Inc. (0.73%), Gamco Investors INC. ET AL (0.47%), Parametric Portfolio Associates LLC (0.46%) and WealthTrust Axiom LLC (0.33%). Company insiders that own Iridium Communications stock include Bryan J Hartin, Matthew J Desch, Parker William Rush, S Scott Smith, 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 Millennium Management LLC, First Trust Advisors LP, Jaffetilchin Investment Partners LLC, Mackay Shields LLC, Barclays PLC, Man Group plc, New York State Teachers Retirement System and Parametric Portfolio Associates LLC. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, S Scott Smith, Steven B Pfeiffer, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka. View Insider Buying and Selling 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 Select Equity Group L.P., Ancora Advisors LLC, Eagle Asset Management Inc., Squarepoint Ops LLC, State of New Jersey Common Pension Fund D, Dudley & Shanley Inc., State of Alaska Department of Revenue and Skylands Capital LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $23.84.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $3.13 billion and generates $523.01 million in revenue each year. The technology company earns $-13,380,000.00 in net income (profit) each year or ($0.14) on an earnings per share basis. Iridium Communications employs 469 workers across the globe.View Additional Information About Iridium Communications.

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:  2.1 out of 5 (star star)
Outperform Votes:  408 (Vote Outperform)
Underperform Votes:  541 (Vote Underperform)
Total Votes:  949
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 12/13/2019 by MarketBeat.com Staff

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