NASDAQ:IRDM Iridium Communications - IRDM Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Iridium Communications Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $59.65 -0.79 (-1.31%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$59.35▼$60.7250-Day Range$49.33▼$61.6452-Week Range$31.73▼$62.48Volume592,942 shsAverage Volume611,912 shsMarket Capitalization$7.49 billionP/E Ratio1,491.62Dividend YieldN/APrice Target$61.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Iridium Communications MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside2.3% Upside$61.00 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainability-1.74Upright™ Environmental ScoreNews Sentiment1.27Based on 6 Articles This WeekInsider TradingSelling Shares$4.08 M Sold Last QuarterProj. Earnings Growth-12.50%From $0.08 to $0.07 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.43 out of 5 starsComputer And Technology Sector563rd out of 610 stocksCommunications Equipment, Not Elsewhere Classified Industry10th out of 12 stocks 1.5 Analyst's Opinion Consensus RatingIridium Communications has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $61.00, Iridium Communications has a forecasted upside of 2.3% from its current price of $59.65.Amount of Analyst CoverageIridium Communications has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for IRDM. Previous Next 0.0 Dividend Strength Dividend YieldIridium Communications has a dividend yield of 0.87%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthIridium Communications does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Iridium Communications is 1,300.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Iridium Communications will have a dividend payout ratio of 742.86% in the coming year. This indicates that Iridium Communications may not be able to sustain their current dividend. Previous Next 2.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreIridium Communications has received a 10.31% net impact score from Upright. Iridium Communications seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Communications satellites", "Satellite data service", and "Telecommunications antennae" products. See details.Environmental SustainabilityThe Environmental Impact score for Iridium Communications is -1.74. Previous Next 3.5 News and Social Media Coverage News SentimentIridium Communications has a news sentiment score of 1.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Iridium Communications this week, compared to 2 articles on an average week.Search Interest9 people have searched for IRDM on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Iridium Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Iridium Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,077,380.00 in company stock.Percentage Held by InsidersOnly 2.50% of the stock of Iridium Communications is held by insiders.Percentage Held by Institutions83.82% of the stock of Iridium Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Iridium Communications are expected to decrease by -12.50% in the coming year, from $0.08 to $0.07 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Iridium Communications is 1,491.62, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 137.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Iridium Communications is 1,491.62, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 370.43.Price to Book Value per Share RatioIridium Communications has a P/B Ratio of 6.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Iridium Communications (NASDAQ:IRDM) StockIridium Communications, Inc. engages in the provision of global satellite communications services and products. Its products include personal communicators, messengers, and trackers, satellite phones, push-to-talk-devices, broadband, midband, and external terminals, docking stations, apps, and accessories. It offers its services to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers via satellite network. The company was founded in 2000 and is headquartered in McLean, VA.Read More Receive IRDM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Iridium Communications and its competitors with MarketBeat's FREE daily newsletter. Email Address IRDM Stock News HeadlinesFebruary 1, 2023 | finance.yahoo.comCalculating The Intrinsic Value Of Iridium Communications Inc. (NASDAQ:IRDM)January 31, 2023 | finance.yahoo.comThe New Iridium GO! exec Redefines Personal Off-the-Grid ConnectivityFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 29, 2023 | thestreet.comIridium Stock Falls On Unusually High Volume (IRDM)January 24, 2023 | finance.yahoo.comIridium Announces Release Date for Fourth-Quarter 2022 Financial ResultsJanuary 24, 2023 | reuters.comIRDM.PH - | Stock Price & Latest News | ReutersJanuary 17, 2023 | nasdaq.comInteresting IRDM Put And Call Options For August 18thJanuary 6, 2023 | finance.yahoo.comIridium (IRDM) and Qualcomm to Enable Satellite MessagingFebruary 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 6, 2023 | finanznachrichten.deIridium Communications Inc.: Iridium and Qualcomm Collaborate to Support Satellite Messaging in SmartphonesJanuary 6, 2023 | finance.yahoo.comPRESS DIGEST- Wall Street Journal - Jan 6January 3, 2023 | finance.yahoo.comMcLean's Iridium inks agreement to put its satellite technology in smartphonesJanuary 3, 2023 | msn.comIridium smartphone contract signed, $20M revenue estimate could be conservativeJanuary 3, 2023 | finance.yahoo.comIridium Communications' (NASDAQ:IRDM) investors will be pleased with their fantastic 318% return over the last five yearsDecember 22, 2022 | finance.yahoo.comIridium (IRDM) Unveils Iridium Messaging Transport SolutionDecember 21, 2022 | finanznachrichten.deIridium Communications Inc.: Iridium Introduces its Next Generation Satellite IoT Data ServiceDecember 21, 2022 | barrons.comPremarket Movers: Nike, Doximity, Iridium CommunicationsDecember 21, 2022 | finance.yahoo.comIridium Introduces its Next Generation Satellite IoT Data ServiceDecember 12, 2022 | finance.yahoo.comIBD Stock Of The Day Bucks Bear Market Over Apparent Samsung DealDecember 8, 2022 | seekingalpha.comIridium Communications initiates quarterly dividend of $0.13December 8, 2022 | marketwatch.comIridium Communications Initiates Quarterly Dividend >IRDMDecember 8, 2022 | finance.yahoo.comIridium Announces Quarterly Dividend ProgramNovember 25, 2022 | seekingalpha.comIridium rises as William Blair calls possible Samsung deal 'significant positive'November 20, 2022 | finance.yahoo.comReturns On Capital At Iridium Communications (NASDAQ:IRDM) Paint A Concerning PictureNovember 4, 2022 | finance.yahoo.comIridium Communications (IRDM) Shares Outperformed as Expectations for Mobile Compatibility IncreasedOctober 23, 2022 | seekingalpha.comIridium Communications: Best Of Group For Near-Term Capital GainOctober 21, 2022 | markets.businessinsider.comExpert Ratings for Iridium CommsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive IRDM Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Iridium Communications and its competitors with MarketBeat's FREE daily newsletter. Email Address IRDM Company Calendar Last Earnings10/18/2021Today2/05/2023Next Earnings (Confirmed)2/16/2023Ex-Dividend for 3/30 Dividend3/14/2023Dividend Payable3/30/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Communications equipment, not elsewhere classified Sub-IndustryAlternative Carriers SectorComputer and Technology Current SymbolNASDAQ:IRDM CUSIP46269C10 CIK1418819 Webwww.iridium.com Phone(703) 287-7400Fax703-287-7450Employees537Year Founded2000Price Target and Rating Average Stock Price Forecast$61.00 High Stock Price Forecast$75.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+2.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$0.04 Trailing P/E Ratio1,491.62 Forward P/E Ratio745.63 P/E GrowthN/ANet Income$-9,320,000.00 Net Margins0.53% Pretax Margin0.75% Return on Equity0.30% Return on Assets0.12% Debt Debt-to-Equity Ratio1.37 Current Ratio2.82 Quick Ratio2.52 Sales & Book Value Annual Sales$614.50 million Price / Sales12.20 Cash Flow$2.27 per share Price / Cash Flow26.26 Book Value$9.74 per share Price / Book6.12Miscellaneous Outstanding Shares125,640,000Free Float122,502,000Market Cap$7.49 billion OptionableOptionable Beta1.14 Social Links Key ExecutivesMatthew J. DeschChief Executive Officer & DirectorSuzanne E. McBrideChief Operations Officer & DirectorThomas J. FitzpatrickChief Financial & Administrative Officer, DirectorGregory PeltonChief Technical OfficerManjula SriramChief Information Officer & Vice PresidentKey CompetitorsLumentumNASDAQ:LITEClarivateNYSE:CLVTWESCO InternationalNYSE:WCCCienaNYSE:CIENSamsaraNYSE:IOTView All CompetitorsInsiders & InstitutionsConvergence Investment Partners LLCSold 194 shares on 2/3/2023Ownership: 0.005%AtonRa PartnersSold 1,746 shares on 2/2/2023Ownership: 0.013%Profund Advisors LLCSold 261 shares on 2/2/2023Ownership: 0.007%Raymond James Trust N.A.Sold 1,653 shares on 2/2/2023Ownership: 0.006%Montag A & Associates Inc.Bought 800 shares on 2/2/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions IRDM Stock - Frequently Asked Questions Should I buy or sell Iridium Communications stock right now? 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last twelve months. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" IRDM shares. View IRDM analyst ratings or view top-rated stocks. What is Iridium Communications' stock price forecast for 2023? 4 Wall Street research analysts have issued twelve-month price objectives for Iridium Communications' stock. Their IRDM share price forecasts range from $45.00 to $75.00. On average, they anticipate the company's share price to reach $61.00 in the next twelve months. This suggests a possible upside of 2.3% from the stock's current price. View analysts price targets for IRDM or view top-rated stocks among Wall Street analysts. How have IRDM shares performed in 2023? Iridium Communications' stock was trading at $51.40 at the beginning of 2023. Since then, IRDM shares have increased by 16.1% and is now trading at $59.65. View the best growth stocks for 2023 here. When is Iridium Communications' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023. View our IRDM earnings forecast. How can I listen to Iridium Communications' earnings call? Iridium Communications will be holding an earnings conference call on Thursday, February 16th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link. How were Iridium Communications' earnings last quarter? Iridium Communications Inc. (NASDAQ:IRDM) released its quarterly earnings results on Monday, October, 18th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.02). The technology company earned $162.20 million during the quarter, compared to analyst estimates of $153.76 million. Iridium Communications had a net margin of 0.53% and a trailing twelve-month return on equity of 0.30%. The company's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. How often does Iridium Communications pay dividends? What is the dividend yield for Iridium Communications? Iridium Communications declared a quarterly dividend on Thursday, December 8th. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.13 per share on Thursday, March 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, March 14th. Read our dividend analysis for IRDM. Is Iridium Communications a good dividend stock? Iridium Communications (NASDAQ:IRDM) pays an annual dividend of $0.52 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 1,300.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, IRDM will have a dividend payout ratio of 742.86% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for IRDM. How will Iridium Communications' stock buyback program work? Iridium Communications announced that its board has authorized a stock buyback program on Tuesday, April 19th 2022, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 6.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued. What is Matt Desch's approval rating as Iridium Communications' CEO? 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. 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), Block (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 number of institutional and retail investors. Top institutional investors include ARK Investment Management LLC (1.19%), Pinnacle Associates Ltd. (0.62%), Pinnacle Associates Ltd. (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.57%), WealthTrust Axiom LLC (0.09%) and New York State Common Retirement Fund (0.09%). 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, Parker William Rush, 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. View institutional ownership trends. How do I buy shares of Iridium Communications? 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. Compare Top Brokerages Here. What is Iridium Communications' stock price today? One share of IRDM stock can currently be purchased for approximately $59.65. How much money does Iridium Communications make? Iridium Communications (NASDAQ:IRDM) has a market capitalization of $7.49 billion and generates $683.09 million in revenue each year. The technology company earns $-9,320,000.00 in net income (profit) each year or $0.04 on an earnings per share basis. How many employees does Iridium Communications have? The company employs 537 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 Holdings LLC, Iridium Satellite LLC, Iridium Satellite SA LLC, Iridium Satellite UK Limited, Iridium Serviços de Satélites S.A., OOO Iridium Communications, OOO Iridium Services, and Syncom-Iridium Holdings Corp..Read More How can I contact Iridium Communications? 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. This page (NASDAQ:IRDM) was last updated on 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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