Iridium Communications - IRDM Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IRDM shares.
View IRDM analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 1 year price objectives for Iridium Communications' stock. Their IRDM share price forecasts range from $44.00 to $60.00. On average, they expect the company's share price to reach $50.00 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for IRDM or view top-rated stocks among Wall Street analysts.

Iridium Communications' stock was trading at $41.29 at the beginning of 2022. Since then, IRDM shares have increased by 5.5% and is now trading at $43.57.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our IRDM earnings forecast.

Iridium Communications Inc. (NASDAQ:IRDM) announced its earnings results on Tuesday, July, 26th. The technology company reported $0.04 EPS for the quarter. The technology company earned $174.90 million during the quarter, compared to analysts' expectations of $166.46 million. Iridium Communications had a negative net margin of 0.09% and a negative trailing twelve-month return on equity of 0.05%. Iridium Communications's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 earnings per share.

Iridium Communications announced that its Board of Directors has authorized a share repurchase program on Tuesday, April 19th 2022, which authorizes the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

48 employees have rated Iridium Communications Chief Executive Officer Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among the company's employees.

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), Block (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and Boeing (BA).

Iridium Communications trades on the NASDAQ under the ticker symbol "IRDM."

Iridium Communications' stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (3.95%), ARK Investment Management LLC (1.72%), Goldman Sachs Group Inc. (1.60%), Van Berkom & Associates Inc. (1.55%), Clearbridge Investments LLC (1.55%) and Northern Trust Corp (1.51%). Insiders that own company stock include A B Krongard, Barry West, Bryan J Hartin, Henrik O Schliemann, Kathleen A Morgan, Leon Anthony Frazier, Matthew J Desch, Robert H Niehaus, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Suzanne E Mcbride, Suzanne E Mcbride, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka.
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Shares of IRDM stock 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.
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One share of IRDM stock can currently be purchased for approximately $43.57.

Iridium Communications (NASDAQ:IRDM) has a market capitalization of $5.53 billion and generates $614.50 million in revenue each year.

The company employs 537 workers across the globe.

Iridium Communications' mailing address is 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102. The official website for the company is www.iridium.com. The technology company can be reached via phone at (703) 287-7400, via email at investor.relations@iridium.com, or via fax at 703-287-7450.