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

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$26.68 +0.28 (+1.06 %)
(As of 03/26/2019 08:54 AM ET)
Previous Close$26.40
Today's Range$26.09 - $27.15
52-Week Range$10.95 - $27.62
Volume1.44 million shs
Average Volume1.25 million shs
Market Capitalization$2.99 billion
P/E Ratio-190.57
Dividend YieldN/A
Beta2.11
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

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$2.0243 per share
Book Value$14.39 per share

Profitability

Net Income$-13,380,000.00

Miscellaneous

Employees469
Market Cap$2.99 billion
Next Earnings Date4/25/2019 (Estimated)
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) posted its quarterly earnings data on Thursday, February, 28th. The technology company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. The technology company had revenue of $132.20 million for the quarter, compared to the consensus estimate of $127.99 million. Iridium Communications had a negative return on equity of 0.29% and a negative net margin of 2.56%. Iridium Communications's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 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, April 25th 2019. View Earnings Estimates for Iridium Communications.

What price target have analysts set for IRDM?

5 brokers have issued 1-year price targets for Iridium Communications' shares. Their predictions range from $14.00 to $26.00. On average, they expect Iridium Communications' stock price to reach $21.75 in the next twelve months. This suggests that the stock has a possible downside of 18.5%. 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 and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. 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)
  • 2. 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. " (3/6/2019)

Has Iridium Communications been receiving favorable news coverage?

News coverage about IRDM stock has been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Iridium Communications earned a daily sentiment score of -1.4 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.

Who are some of Iridium Communications' key 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 Micron Technology (MU), Plug Power (PLUG), Advanced Micro Devices (AMD), Verizon Communications (VZ), NVIDIA (NVDA), Bank of America (BAC), General Electric (GE), AT&T (T), Netflix (NFLX) and Boeing (BA).

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)
  • Mr. S. Scott Smith, Consultant (Age 60)

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. (12.72%), Dimensional Fund Advisors LP (5.25%), FMR LLC (3.30%), Northern Trust Corp (2.12%), Pinnacle Associates Ltd. (1.72%) and Bank of New York Mellon Corp (1.55%). Company insiders that own Iridium Communications stock include A B Krongard, Bryan J Hartin, Matthew J Desch, 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 Prudential Financial Inc., Bank of New York Mellon Corp, Royce & Associates LP, Bank of America Corp DE, D. E. Shaw & Co. Inc., James Investment Research Inc., Pinnacle Associates Ltd. and SG Americas Securities LLC. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Matthew J Desch, 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 purchased by a variety of institutional investors in the last quarter, including FMR LLC, Oregon Public Employees Retirement Fund, Norges Bank, Dimensional Fund Advisors LP, BlackRock Inc., Nomura Asset Management Co. Ltd., Geode Capital Management LLC and Geode Capital Management 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, Scottrade, Fidelity and Charles Schwab.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $26.68.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $2.99 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.

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:  2.4 out of 5 (star star)
Outperform Votes:  360 (Vote Outperform)
Underperform Votes:  392 (Vote Underperform)
Total Votes:  752
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 3/26/2019 by MarketBeat.com Staff

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