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NASDAQ:IRDM

Iridium Communications Stock Forecast, Price & News

$33.14
+1.05 (+3.27 %)
(As of 12/1/2020 03:46 PM ET)
Add
Compare
Today's Range
$32.45
Now: $33.14
$33.17
50-Day Range
$25.35
MA: $29.36
$32.92
52-Week Range
$16.87
Now: $33.14
$32.95
Volume21,610 shs
Average Volume578,509 shs
Market Capitalization$4.42 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.23
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 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.
Iridium Communications logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.18 out of 5 stars


Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
Current SymbolNASDAQ:IRDM
CUSIP46269C10
Phone703-287-7400
Employees497

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$560.44 million
Cash Flow$1.89 per share
Book Value$10.62 per share

Profitability

Net Income$-162,000,000.00

Miscellaneous

Market Cap$4.42 billion
Next Earnings Date2/23/2021 (Estimated)
OptionableOptionable
$33.14
+1.05 (+3.27 %)
(As of 12/1/2020 03:46 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

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 43.4% and is now trading at $33.00.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Iridium Communications?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Iridium Communications
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Iridium Communications?

Wall Street analysts have given Iridium Communications a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year 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.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Iridium Communications
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) announced its quarterly earnings results on Tuesday, October, 20th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. The technology company had revenue of $151.47 million for the quarter, compared to analysts' expectations of $138.12 million. Iridium Communications had a negative net margin of 27.09% and a negative return on equity of 3.09%. The business's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) EPS.
View Iridium Communications' earnings history
.

What price target have analysts set for IRDM?

5 brokers have issued 12 month target prices for Iridium Communications' shares. Their forecasts range from $29.00 to $37.00. On average, they expect Iridium Communications' stock price to reach $32.50 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts' price targets for Iridium Communications
.

Are investors shorting Iridium Communications?

Iridium Communications saw a decline in short interest during the month of October. As of October 30th, there was short interest totaling 4,720,000 shares, a decline of 15.6% from the October 15th total of 5,590,000 shares. Based on an average daily volume of 667,900 shares, the days-to-cover ratio is currently 7.1 days. Currently, 4.1% of the shares of the company are short sold.
View Iridium Communications' Short Interest
.

Who are some of Iridium Communications' key competitors?

Some companies that are related to Iridium Communications include Vonage (VG), Cogent Communications (CCOI), 8X8 (EGHT), ORBCOMM (ORBC) and Towerstream (TWER).
View all 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).

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the following people:
  • Mr. Matthew J. Desch, CEO & Director (Age 62, Pay $1.65M)
  • Mr. Thomas J. Fitzpatrick, Chief Admin. Officer, CFO & Director (Age 62, Pay $937.76k)
  • Ms. Suzanne E. McBride, COO & Director (Age 51, Pay $629.4k)
  • Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 56, Pay $577.75k)
  • Mr. Scott T. Scheimreif, Exec. VP of Gov. Programs (Age 51, Pay $556.5k)
  • Mr. Kenneth B. Levy, VP of Investor Relations
  • Mr. Thomas D. Hickey, Chief Legal Officer & Sec. (Age 60)
  • Mr. Donald L. Thoma, Pres & CEO of Aireon LLC (Age 58)
  • Mr. Joe Pizzicaroli, Exec. Director of NEXT Advanced Systems
  • Mr. Tim Last, VP & GM of IoT

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 shareholders include BlackRock Inc. (12.88%), ARK Investment Management LLC (3.30%), State Street Corp (2.77%), Silver Heights Capital Management Inc (1.84%), Nikko Asset Management Americas Inc. (1.39%) and Pinnacle Associates Ltd. (0.90%). Company insiders that own Iridium Communications stock include Bryan J Hartin, Matthew J Desch, Parker William Rush, Robert H Niehaus, S Scott Smith, Scott Scheimreif, Steven B Pfeiffer, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka.
View institutional ownership trends for Iridium Communications
.

Which institutional investors are selling Iridium Communications stock?

IRDM stock was sold by a variety of institutional investors in the last quarter, including Nikko Asset Management Americas Inc., JPMorgan Chase & Co., Royce & Associates LP, Dudley & Shanley Inc., SG Americas Securities LLC, Allianz Asset Management GmbH, Pinnacle Associates Ltd., and Raymond James & Associates. 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
.

Which institutional investors are buying Iridium Communications stock?

IRDM stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., ARK Investment Management LLC, Principal Financial Group Inc., Great West Life Assurance Co. Can, Blair William & Co. IL, Charles Schwab Investment Management Inc., Public Sector Pension Investment Board, and BNP Paribas Arbitrage SA.
View insider buying and selling activity 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 $33.00.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $4.40 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. Iridium Communications employs 497 workers across the globe.

What is Iridium Communications' official website?

The official website for Iridium Communications is 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]

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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