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NASDAQ:IRDM

Iridium Communications Stock Forecast, Price & News

$36.56
+1.27 (+3.60 %)
(As of 05/13/2021 12:00 AM ET)
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Today's Range
$35.55
$37.44
50-Day Range
$35.29
$42.95
52-Week Range
$19.18
$54.65
Volume1.19 million shs
Average Volume1.47 million shs
Market Capitalization$4.88 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.33
30 days | 90 days | 365 days | Advanced Chart
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Iridium Communications logo

About Iridium Communications

Iridium Communications Inc. provides mobile voice and data communications services and product to businesses, the United States 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. It also provides other services, such as inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the department of defense's dedicated gateway. Further, it provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.

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Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
Current SymbolNASDAQ:IRDM
CUSIP46269C10
Phone703-287-7400
Employees516
Year Founded2000

Sales & Book Value

Annual Sales$560.44 million
Cash Flow$1.57 per share
Book Value$11.13 per share

Profitability

Net Income$-162,000,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap$4.88 billion
Next Earnings Date7/27/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

1.08 out of 5 stars

Computer And Technology Sector

546th out of 1,563 stocks

Communications Equipment, Not Elsewhere Classified Industry

10th out of 35 stocks

Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 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?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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, July 27th 2021.
View our earnings forecast for Iridium Communications
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) issued its quarterly earnings data on Monday, April, 19th. The technology company reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.01. The technology company earned $146.54 million during the quarter, compared to the consensus estimate of $146.31 million. Iridium Communications had a negative trailing twelve-month return on equity of 3.09% and a negative net margin of 27.09%. The business's revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.24) earnings per share.
View Iridium Communications' earnings history
.

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. Since then, IRDM shares have increased by 58.8% and is now trading at $36.56.
View which stocks have been most impacted by COVID-19
.

How will Iridium Communications' stock buyback program work?

Iridium Communications announced that its Board of Directors has authorized a stock buyback program on Thursday, February 11th 2021, which authorizes the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its shares are undervalued.

What price target have analysts set for IRDM?

4 analysts have issued 12-month price targets for Iridium Communications' shares. Their forecasts range from $37.00 to $44.00. On average, they anticipate Iridium Communications' share price to reach $39.67 in the next twelve months. This suggests a possible upside of 8.5% 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:
  • Mr. Matthew J. Desch, CEO & Director (Age 63, Pay $1.34M) (LinkedIn Profile)
  • Mr. Thomas J. Fitzpatrick, Chief Admin. Officer, CFO & Director (Age 63, Pay $786.58k) (LinkedIn Profile)
  • Ms. Suzanne E. McBride, COO & Director (Age 52, Pay $608.73k)
  • Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 57, Pay $501.14k) (LinkedIn Profile)
  • Mr. Scott T. Scheimreif, Exec. VP of Gov. Programs (Age 52, Pay $483.73k) (LinkedIn Profile)
  • Mr. Kenneth B. Levy, VP of Investor Relations
  • Mr. Thomas D. Hickey, Chief Legal Officer & Sec. (Age 61) (LinkedIn Profile)
  • Mr. Donald L. Thoma, Pres & CEO of Aireon LLC (Age 59)
  • Mr. Joe Pizzicaroli, Exec. Director of NEXT Advanced Systems
  • Mr. Tim Last, VP & GM of IoT

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.33%), ARK Investment Management LLC (7.76%), Nikko Asset Management Americas Inc. (2.02%), Sumitomo Mitsui Trust Holdings Inc. (2.00%), Silver Heights Capital Management Inc (1.80%) and Geode Capital Management LLC (1.58%). Company insiders that own Iridium Communications stock include Barry West, Bryan J Hartin, Matthew J Desch, Parker William Rush, Robert H Niehaus, Scott Scheimreif, 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 BlackRock Inc., Dudley & Shanley Inc., Principal Financial Group Inc., WealthTrust Axiom LLC, Prudential Financial Inc., Pinnacle Associates Ltd., JPMorgan Chase & Co., and State of Alaska Department of Revenue. 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, Thomas C Canfield, Thomas D Hickey, 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, Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Geode Capital Management LLC, American International Group Inc., Retirement Systems of Alabama, The Manufacturers Life Insurance Company , and BNP Paribas Arbitrage SA.
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 $36.56.

How much money does Iridium Communications make?

Iridium Communications has a market capitalization of $4.88 billion and generates $560.44 million in revenue each year. The technology company earns $-162,000,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis.

How many employees does Iridium Communications have?

Iridium Communications employs 516 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 5/13/2021 by MarketBeat.com Staff
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