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Iridium Communications Stock Price, Forecast & Analysis (NASDAQ:IRDM)

$25.21
-0.59 (-2.29 %)
(As of 11/21/2019 04:00 PM ET)
Today's Range
$25.20
Now: $25.21
$25.95
50-Day Range
$20.21
MA: $23.81
$25.82
52-Week Range
$16.64
Now: $25.21
$28.24
Volume719,900 shs
Average Volume889,080 shs
Market Capitalization$3.30 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.08
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$2.07 per share
Book Value$14.39 per share

Profitability

Net Income$-13,380,000.00

Miscellaneous

Employees469
Market Cap$3.30 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) issued its quarterly earnings results on Tuesday, October, 29th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 net margin of 11.15% and a negative return on equity of 3.91%. Iridium Communications's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) EPS. 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 brokerages have issued 1 year price targets for Iridium Communications' stock. Their forecasts range from $14.00 to $33.00. On average, they expect Iridium Communications' share price to reach $27.00 in the next twelve months. This suggests a possible upside of 7.1% 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 trended positive this week, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by analyzing 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 news impact score of 3.0 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Iridium Communications.

Who are some of Iridium Communications' key competitors?

Some companies that are related to Iridium Communications include Cogent Communications (CCOI), 8X8 (EGHT), Vonage (VG), 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), Boeing (BA), Cisco Systems (CSCO), Plug Power (PLUG), Inmarsat (ISAT), Corbus Pharmaceuticals (CRBP) and General Electric (GE).

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 many different of retail and institutional investors. Top institutional investors include Dudley & Shanley Inc. (0.73%), Gamco Investors INC. ET AL (0.47%), WealthTrust Axiom LLC (0.33%), California Public Employees Retirement System (0.26%), Rhumbline Advisers (0.24%) and Eagle Asset Management Inc. (0.10%). 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 First Trust Advisors LP, Jaffetilchin Investment Partners LLC, Mackay Shields LLC, New York State Teachers Retirement System, Great West Life Assurance Co. Can, Hancock Whitney Corp, AE Wealth Management LLC and Cetera Advisor Networks 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 acquired by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., State of New Jersey Common Pension Fund D, Dudley & Shanley Inc., State of Alaska Department of Revenue, Skylands Capital LLC, Russell Investments Group Ltd., Wellington Shields & Co. LLC and California Public Employees Retirement System. 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 $25.21.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $3.30 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:  2.2 out of 5 (star star)
Outperform Votes:  403 (Vote Outperform)
Underperform Votes:  518 (Vote Underperform)
Total Votes:  921
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 11/21/2019 by MarketBeat.com Staff

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