NASDAQ:IRDM

Iridium Communications Stock Forecast, Price & News

$44.98
+0.58 (+1.31 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$43.93
$45.96
50-Day Range
$36.96
$48.79
52-Week Range
$23.65
$54.65
Volume3.70 million shs
Average Volume1.12 million shs
Market Capitalization$5.93 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.1
30 days | 90 days | 365 days | Advanced Chart
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Iridium Communications logo

About Iridium Communications

Iridium Communications, Inc. is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company's principal lines of business include Land Mobile, Maritime, Aviation, IoT Data Services, Hosted Payloads and Other Data Services, and Government. The Land Mobile business engages in the provision of mobile satellite communications services to the land mobile sector, providing handset services to areas not served or inconsistently served by existing terrestrial communications networks. The Maritime business provides broadband terminals, embedded devices and handsets. Its market space includes merchant shipping, fishing, research vessels and specialized water craft. The Aviation business provides mobile satellite communications services to the aviation sector. Its services are used in commercial and global government aviation applications, principally by corporate jets, corporate and government helicopter fleets, specialized general aviation fleets, such as medevac companies and fire suppression fleets, and high-end personal aircraft. The Iot Data Services provid

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MarketRank

Overall MarketRank

1.66 out of 5 stars

Computer And Technology Sector

589th out of 858 stocks

Communications Equipment, Not Elsewhere Classified Industry

11th out of 16 stocks

Analyst Opinion: 1.2Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
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Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

Is Iridium Communications a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Iridium Communications wasn't one of them. MarketBeat thinks these five companies 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, October 19th 2021.
View our earnings forecast for Iridium Communications
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) announced its earnings results on Monday, July, 19th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.09. The technology company earned $149.92 million during the quarter, compared to analyst estimates of $148.53 million. Iridium Communications had a negative trailing twelve-month return on equity of 0.96% and a negative net margin of 2.23%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.09) EPS.
View Iridium Communications' earnings history
.

How has Iridium Communications' stock 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 (WHO). Since then, IRDM shares have increased by 95.4% and is now trading at $44.98.
View which stocks have been most impacted by COVID-19
.

How will Iridium Communications' stock buyback program work?

Iridium Communications declared that its board has initiated a share buyback program on Thursday, February 11th 2021, which authorizes the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

What price target have analysts set for IRDM?

5 brokerages have issued 12-month price targets for Iridium Communications' stock. Their forecasts range from $37.00 to $50.00. On average, they anticipate Iridium Communications' stock price to reach $42.75 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
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:
  • Matthew J. Desch, Chief Executive Officer & Director
  • Suzanne E. McBride, Chief Operations Officer & Director
  • Thomas J. Fitzpatrick, Chief Financial & Administrative Officer, Director
  • Gregory Pelton, Chief Technical Officer
  • Scott T. Scheimreif, Executive Vice President-Government Programs

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 a number of retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (10.30%), BlackRock Inc. (9.91%), Vanguard Group Inc. (9.13%), Bamco Inc. NY (8.90%), Capital International Investors (5.63%) and Nikko Asset Management Americas Inc. (3.38%). Company insiders that own Iridium Communications stock include Barry West, Bryan J Hartin, Leon Anthony Frazier, Matthew J Desch, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Suzanne E Mcbride, 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 Bamco Inc. NY, Dimensional Fund Advisors LP, BlackRock Inc., Van Berkom & Associates Inc., BNP Paribas Arbitrage SA, First Trust Advisors LP, Invesco Ltd., and Bank of America Corp DE. Company insiders that have sold Iridium Communications company stock in the last year include Barry West, Bryan J Hartin, Matthew J Desch, Robert H Niehaus, Scott Scheimreif, Suzanne E Mcbride, Thomas C Canfield, 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 ARK Investment Management LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Goldman Sachs Group Inc., Capital International Investors, Vanguard Group Inc., State Street Corp, and JPMorgan Chase & Co..
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 $44.98.

How much money does Iridium Communications make?

Iridium Communications has a market capitalization of $5.93 billion and generates $583.44 million in revenue each year. The technology company earns $-56,050,000.00 in net income (profit) each year or ($0.24) on an earnings per share basis.

How many employees does Iridium Communications have?

Iridium Communications employs 519 workers across the globe.

Does Iridium Communications have any subsidiaries?

The following companies are subsidiares of Iridium Communications: Iridium Blocker-B Inc., Iridium Carrier Holdings LLC, Iridium Carrier Services LLC, Iridium Chile SpA, Iridium Constellation LLC, Iridium Government Services LLC, Iridium Holdings LLC, Iridium Satellite LLC, Iridium Satellite SA LLC, OOO Iridium Communications, OOO Iridium Services, and Syncom-Iridium Holdings Corp..

When was Iridium Communications founded?

Iridium Communications was founded in 2000.

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 9/18/2021 by MarketBeat.com Staff
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