S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:IRDM

Iridium Communications Stock Forecast, Price & News

$38.06
-1.22 (-3.11%)
(As of 11/26/2021 04:00 PM ET)
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Today's Range
$37.61
$38.66
50-Day Range
$36.95
$43.79
52-Week Range
$32.00
$54.65
Volume
473,061 shs
Average Volume
1.02 million shs
Market Capitalization
$5.03 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.1
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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Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:IRDM
CUSIP
46269C10
Employees
519
Year Founded
2000

Sales & Book Value

Annual Sales
$583.44 million
Cash Flow
$2.00 per share
Book Value
$10.00 per share

Profitability

Net Income
$-56.05 million
Pretax Margin
-6.84%

Debt

Price-To-Earnings

Miscellaneous

Free Float
128,897,000
Market Cap
$5.03 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/18/2021
Today
11/28/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/10/2022

Social Links


MarketRank

Overall MarketRank

2.08 out of 5 stars

Computer And Technology Sector

397th out of 891 stocks

Communications Equipment, Not Elsewhere Classified Industry

6th out of 19 stocks

Analyst Opinion: 3.3Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -












Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

Is Iridium Communications a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Iridium Communications stock.
View analyst ratings for Iridium Communications
or view top-rated stocks.

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 (WHO). Since then, IRDM stock has increased by 65.3% and is now trading at $38.06.
View which stocks have been most impacted by COVID-19
.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release its next quarterly earnings announcement on Thursday, February 10th 2022.
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 Monday, October, 18th. The technology company reported ($0.02) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.02). The technology company earned $162.20 million during the quarter, compared to the consensus estimate of $153.76 million. Iridium Communications had a negative trailing twelve-month return on equity of 0.84% and a negative net margin of 1.88%. The firm's revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) EPS.
View Iridium Communications' earnings history
.

How will Iridium Communications' stock buyback program work?

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

What price target have analysts set for IRDM?

5 Wall Street analysts have issued 1-year price targets for Iridium Communications' shares. Their forecasts range from $40.00 to $60.00. On average, they anticipate Iridium Communications' share price to reach $49.25 in the next twelve months. This suggests a possible upside of 29.4% 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:
  • Matthew J. Desch, Chief Executive Officer & Director
  • Suzanne E. McBride, Chief Operations Officer & Director (LinkedIn Profile)
  • 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.

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 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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.18%), Bamco Inc. NY (8.80%), Nikko Asset Management Americas Inc. (3.46%), Sumitomo Mitsui Trust Holdings Inc. (3.46%), Invesco Ltd. (2.13%) and Dimensional Fund Advisors LP (2.06%). Company insiders that own Iridium Communications stock include Barry West, Bryan J Hartin, Leon Anthony Frazier, Matthew J Desch, Robert H Niehaus, Robert H Niehaus, Scott Scheimreif, Suzanne E Mcbride, 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 Dimensional Fund Advisors LP, Bamco Inc. NY, Arrowstreet Capital Limited Partnership, Voloridge Investment Management LLC, Invesco Ltd., WealthTrust Axiom LLC, UBS Group AG, and Gamco Investors INC. ET AL. 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 institutional investors are buying Iridium Communications stock?

IRDM stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., Guggenheim Capital LLC, Bank of New York Mellon Corp, Morgan Stanley, Alberta Investment Management Corp, Sumitomo Mitsui Trust Holdings Inc., and Nikko Asset Management Americas Inc..
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 $38.06.

How much money does Iridium Communications make?

Iridium Communications has a market capitalization of $5.03 billion and generates $583.44 million in revenue each year. The technology company earns $-56.05 million in net income (profit) each year or ($0.09) 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, via email at [email protected], or via fax at 703-287-7450.


This page was last updated on 11/28/2021 by MarketBeat.com Staff

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