S&P 500   3,841.94
DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
pixel
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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NASDAQ:IRDM

Iridium Communications Stock Forecast, Price & News

$37.70
+0.43 (+1.15 %)
(As of 03/5/2021 12:00 AM ET)
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Today's Range
$34.98
Now: $37.70
$37.88
50-Day Range
$37.27
MA: $46.87
$54.37
52-Week Range
$16.87
Now: $37.70
$54.65
Volume3.05 million shs
Average Volume1.99 million shs
Market Capitalization$5.06 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.33
Iridium Communications Inc. provides mobile voice and data communications services and product to businesses, the United States 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; 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 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.
Iridium Communications logo

Headlines

IRDM December 17th Options Begin Trading
February 16, 2021 |  nasdaq.com
Recap: Iridium Communications Q4 Earnings
February 11, 2021 |  benzinga.com
Iridium Communications Q4 2020 Earnings Preview
February 10, 2021 |  seekingalpha.com
IRDM Feb 2021 48.000 call
January 28, 2021 |  au.finance.yahoo.com
IRDM Jan 2021 42.000 call
January 4, 2021 |  au.finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
Current SymbolNASDAQ:IRDM
CUSIP46269C10
Phone703-287-7400
Employees516
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$560.44 million
Cash Flow$1.62 per share
Book Value$11.13 per share

Profitability

Net Income$-162,000,000.00

Miscellaneous

Market Cap$5.06 billion
Next Earnings Date4/27/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.08 out of 5 stars

Computer And Technology Sector

626th out of 1,526 stocks

Communications Equipment, Not Elsewhere Classified Industry

10th out of 35 stocks

Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$37.70
+0.43 (+1.15 %)
(As of 03/5/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

Is Iridium Communications a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Iridium Communications stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IRDM, but not buy additional shares or sell existing shares.
View analyst ratings for Iridium Communications
or view top-rated stocks.

What stocks does MarketBeat like better than Iridium Communications?

Wall Street analysts have given Iridium Communications a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Iridium Communications wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Iridium Communications?

Iridium Communications saw a drop in short interest in February. As of February 12th, there was short interest totaling 3,940,000 shares, a drop of 17.1% from the January 28th total of 4,750,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.4% of the shares of the company are sold short.
View Iridium Communications' Short Interest
.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for Iridium Communications
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) released its earnings results on Wednesday, February, 10th. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. Iridium Communications had a negative trailing twelve-month return on equity of 3.09% and a negative net margin of 27.09%. During the same period in the previous year, the firm earned ($0.82) earnings per share.
View Iridium Communications' earnings history
.

How has Iridium Communications' stock price been impacted by COVID-19?

Iridium Communications' stock was trading at $23.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IRDM stock has increased by 63.8% and is now trading at $37.70.
View which stocks have been most impacted by COVID-19
.

How will Iridium Communications' stock buyback program work?

Iridium Communications announced that its Board of Directors has initiated a share buyback plan on Thursday, February 11th 2021, which permits the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

What price target have analysts set for IRDM?

4 brokerages have issued twelve-month price targets for Iridium Communications' stock. Their forecasts range from $37.00 to $44.00. On average, they expect Iridium Communications' stock price to reach $39.67 in the next year. This suggests a possible upside of 5.2% from the stock's current price.
View analysts' price targets for Iridium Communications
or view top-rated stocks among Wall Street analysts.

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the following people:
  • Mr. Matthew J. Desch, CEO & Director (Age 63, Pay $1.65M)
  • Mr. Thomas J. Fitzpatrick, Chief Admin. Officer, CFO & Director (Age 63, Pay $937.76k)
  • Ms. Suzanne E. McBride, COO & Director (Age 52, Pay $629.4k)
  • Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 57, Pay $577.75k)
  • Mr. Scott T. Scheimreif, Exec. VP of Gov. Programs (Age 52, Pay $556.5k)
  • Mr. Kenneth B. Levy, VP of Investor Relations
  • Mr. Thomas D. Hickey, Chief Legal Officer & Sec. (Age 61)
  • Mr. Donald L. Thoma, Pres & CEO of Aireon LLC (Age 59)
  • Mr. Joe Pizzicaroli, Exec. Director of NEXT Advanced Systems
  • Mr. Tim Last, VP & GM of IoT

What is Matt Desch's approval rating as Iridium Communications' CEO?

48 employees have rated Iridium Communications CEO Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among Iridium Communications' employees.

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 NVIDIA (NVDA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Verizon Communications (VZ), Square (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and The Boeing (BA).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (13.40%), Bamco Inc. NY (9.68%), Dimensional Fund Advisors LP (3.65%), Van Berkom & Associates Inc. (3.31%), Nikko Asset Management Americas Inc. (1.59%) and Sumitomo Mitsui Trust Holdings Inc. (1.58%). Company insiders that own Iridium Communications stock include Bryan J Hartin, Matthew J Desch, Parker William Rush, Robert H Niehaus, 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 Kerrisdale Advisers LLC, Renaissance Technologies LLC, Dimensional Fund Advisors LP, Dudley & Shanley Inc., Duality Advisers LP, Pinnacle Associates Ltd., Bamco Inc. NY, and Squarepoint Ops 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, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick, and Timothy Kapalka.
View insider buying and selling activity for Iridium Communications
or view top insider-selling stocks.

Which major investors are buying Iridium Communications stock?

IRDM stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., JPMorgan Chase & Co., Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Clearbridge Investments LLC, Riggs Asset Managment Co. Inc., and Morgan Stanley.
View insider buying and selling activity for Iridium Communications
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $37.70.

How much money does Iridium Communications make?

Iridium Communications has a market capitalization of $5.06 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.

How many employees does Iridium Communications have?

Iridium Communications employs 516 workers across the globe.

What is Iridium Communications' official website?

The official website for Iridium Communications is www.iridium.com.

Where are Iridium Communications' headquarters?

Iridium Communications is headquartered at 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102.

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 3/7/2021 by MarketBeat.com Staff

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