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NASDAQ:IRDM - Iridium Communications Stock Price, Forecast & News

$28.45
-0.82 (-2.80 %)
(As of 02/27/2020 01:12 PM ET)
Today's Range
$27.66
Now: $28.45
$28.97
50-Day Range
$24.49
MA: $27.70
$31.88
52-Week Range
$19.70
Now: $28.45
$32.08
Volume36,730 shs
Average Volume963,126 shs
Market Capitalization$3.73 billion
P/E RatioN/A
Dividend YieldN/A
Beta2
Iridium Communications Inc provides mobile voice and data communications services through satellite to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. Read More…

Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
SectorComputer and Technology
Current SymbolNASDAQ:IRDM
CUSIP46269C10
Phone703-287-7400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$560.44 million
Cash Flow$1.77 per share
Book Value$14.39 per share

Profitability

Net Income$-13,380,000.00

Miscellaneous

Employees469
Market Cap$3.73 billion
Next Earnings Date4/28/2020 (Estimated)
OptionableOptionable

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Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

What is Iridium Communications' stock symbol?

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

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc (NASDAQ:IRDM) released its quarterly earnings results on Tuesday, February, 25th. The technology company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.22) by $0.60. The technology company earned $138.90 million during the quarter, compared to analysts' expectations of $138.76 million. Iridium Communications had a negative net margin of 28.91% and a negative return on equity of 4.70%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS. View Iridium Communications' Earnings History.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Iridium Communications.

What price target have analysts set for IRDM?

6 brokerages have issued twelve-month price objectives for Iridium Communications' stock. Their forecasts range from $14.00 to $33.00. On average, they anticipate Iridium Communications' share price to reach $28.60 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price. View Analyst Price Targets for Iridium Communications.

What is the consensus analysts' recommendation for Iridium Communications?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Iridium Communications.

What are Wall Street analysts saying about Iridium Communications stock?

Here are some recent quotes from research analysts about Iridium Communications stock:
  • 1. According to Zacks Investment Research, "Iridium Communications Inc., formerly GHL Acquisition Corp., is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering 100% global coverage. Iridium offers voice and data communications services to the U.S. and foreign governments, businesses, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, seven in-orbit spares and related ground infrastructure. Iridium's commercial end-user base includes the emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation markets. Iridium's products and related applications are installed in unmanned aerial vehicles, helicopters, commercial aircrafts, marine vessels, and ground vehicles. " (11/1/2019)
  • 2. Northland Securities analysts commented, "We continue to believe there is still an ample amount of investor uncertainty on what each respective satellite company can or cannot do. Said another way and through our many investor / media conversations, there appears to be a lingering confusion on the difference between L- band (IRDM) and Ka (ISAT / VSAT / SES / I). As a result and for IRDM, we believe investors are mostly caught up in the early / hype / top of the cycle stage and incorrectly grouping IRDM with other true broadband / HTS Ku satellite providers. In reality and as reaffirmed with many VAR channel check calls, we believe IRDM’s Certus “Broadband” product suite is far from innovative and will be nothing more than a back-up / low ARPU service in an increasingly shrinking L-Band marketplace." (3/20/2019)

Has Iridium Communications been receiving favorable news coverage?

Media stories about IRDM stock have trended somewhat positive on Thursday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Iridium Communications earned a coverage optimism score of 0.7 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Iridium Communications.

Are investors shorting Iridium Communications?

Iridium Communications saw a drop in short interest during the month of February. As of February 14th, there was short interest totalling 9,030,000 shares, a drop of 10.1% from the January 30th total of 10,040,000 shares. Based on an average trading volume of 658,200 shares, the days-to-cover ratio is currently 13.7 days. Currently, 7.9% of the shares of the company are short sold. View Iridium Communications' Current Options Chain.

Who are some of Iridium Communications' key competitors?

Some companies that are related to Iridium Communications include Cogent Communications (CCOI), Vonage (VG), 8X8 (EGHT), ORBCOMM (ORBC) and Towerstream (TWER).

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), Verizon Communications (VZ), Advanced Micro Devices (AMD), Micron Technology (MU), Boeing (BA), Cisco Systems (CSCO), Canopy Growth (CGC), Square (SQ), Bank of America (BAC) and General Electric (GE).

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the folowing people:
  • Mr. Matthew J. Desch, CEO & Director (Age 61)
  • Mr. Thomas J. Fitzpatrick, Chief Admin. Officer, CFO & Director (Age 61)
  • Mr. Thomas D. Hickey, Chief Legal Officer & Sec. (Age 59)
  • Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 55)
  • Ms. Suzanne E. McBride, Chief Operating Officer (Age 50)

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by many different of retail and institutional investors. Top institutional investors include Bamco Inc. NY (9.88%), FMR LLC (3.99%), Capital World Investors (2.96%), State Street Corp (2.54%), Silver Heights Capital Management Inc (1.91%) and Renaissance Technologies LLC (1.26%). Company insiders that own Iridium Communications stock include Bryan J Hartin, Matthew J Desch, Parker William Rush, S Scott Smith, Steven B Pfeiffer, 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 FMR LLC, Silver Heights Capital Management Inc, Renaissance Technologies LLC, Pinnacle Associates Ltd., KBC Group NV, AQR Capital Management LLC, Arizona State Retirement System and Principal Financial Group Inc.. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Matthew J Desch, S Scott Smith, Steven B Pfeiffer, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka. View Insider Buying and Selling for Iridium Communications.

Which major investors are buying Iridium Communications stock?

IRDM stock was bought by a variety of institutional investors in the last quarter, including Bamco Inc. NY, Goldman Sachs Group Inc., Capital World Investors, State Street Corp, Dudley & Shanley Inc., California Public Employees Retirement System, Barclays PLC and Eagle Asset Management Inc.. View Insider Buying and Selling for Iridium Communications.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $28.45.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $3.73 billion and generates $560.44 million in revenue each year. The technology company earns $-13,380,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. Iridium Communications employs 469 workers across the globe.View Additional Information About Iridium Communications.

What is Iridium Communications' official website?

The official website for Iridium Communications is http://www.iridium.com/.

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]


MarketBeat Community Rating for Iridium Communications (NASDAQ IRDM)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  424 (Vote Outperform)
Underperform Votes:  587 (Vote Underperform)
Total Votes:  1,011
MarketBeat's community ratings are surveys of what our community members think about Iridium Communications and other stocks. Vote "Outperform" if you believe IRDM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IRDM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/27/2020 by MarketBeat.com Staff

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