NASDAQ:IRDM - Iridium Communications Stock Price, Price Target & More

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

Iridium Communications Inc (NASDAQ:IRDM) released its quarterly earnings results on Thursday, April, 26th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.03. The technology company had revenue of $119.10 million for the quarter, compared to analysts' expectations of $111.60 million. Iridium Communications had a net margin of 44.81% and a return on equity of 5.19%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. View Iridium Communications' Earnings History.

Iridium Communications is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Iridium Communications.

3 Wall Street analysts have issued 1-year price objectives for Iridium Communications' stock. Their predictions range from $12.00 to $22.00. On average, they expect Iridium Communications' stock price to reach $16.00 in the next year. This suggests that the stock has a possible downside of 11.6%. View Analyst Ratings for Iridium Communications.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Iridium Communications include Lumentum (LITE), ESCO Technologies (ESE), Vocera Communications (VCRA), ADVA Optical Networking (ADVOF), Turtle Beach (HEAR), Napco Security Technologies (NSSC), Iteris (ITI), UTStarcom (UTSI), Magal Security Systems (MAGS), Inseego (INSG), I.D. Systems (IDSY), Risk (George) Industries, Inc. Common Stock (RSKIA), Novume Solutions (NVMM), Ability (ABIL) and 5Barz International (BARZ).

News headlines about IRDM stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Iridium Communications earned a news sentiment score of 0.07 on Accern's scale. They also assigned media headlines about the technology company an impact score of 44.78 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Iridium Communications' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.18%) and Capital One National Association (0.03%). Company insiders that own Iridium Communications stock include A B Krongard, Barry West, Matthew J Desch, S Scott Smith and Thomas C Canfield. View Institutional Ownership Trends for Iridium Communications.

IRDM stock was sold by a variety of institutional investors in the last quarter, including Capital One National Association. View Insider Buying and Selling for Iridium Communications.

IRDM stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can. Company insiders that have bought Iridium Communications stock in the last two years include A B Krongard, Barry West, Matthew J Desch and Thomas C Canfield. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of IRDM stock can currently be purchased for approximately $18.10.

Iridium Communications has a market capitalization of $2.03 billion and generates $448.05 million in revenue each year. The technology company earns $233.85 million in net income (profit) each year or $0.70 on an earnings per share basis. Iridium Communications employs 420 workers across the globe.

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]