NASDAQ:IRDM - Iridium Communications Stock Price, Forecast & News Adding Choose a 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. Log In and Add $26.67 +0.12 (+0.45 %) (As of 01/22/2020 12:56 PM ET) Add Compare Today's Range$26.35Now: $26.67▼$26.8450-Day Range$23.50MA: $24.86▼$27.5152-Week Range$17.91Now: $26.67▼$28.24Volume11,254 shsAverage Volume432,069 shsMarket Capitalization$3.50 billionP/E RatioN/ADividend YieldN/ABeta2.05 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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 Stock Exchange NASDAQ Industry Communications equipment, not elsewhere classified Sub-IndustryAlternative Carriers SectorComputer and Technology Current SymbolNASDAQ:IRDM Previous Symbol CUSIP46269C10 CIK1418819 Webhttp://www.iridium.com/ Phone703-287-7400Debt Debt-to-Equity Ratio1.05 Current Ratio0.91 Quick Ratio0.79Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$523.01 million Price / Sales6.68 Cash Flow$1.98 per share Price / Cash Flow13.46 Book Value$14.39 per share Price / Book1.85Profitability EPS (Most Recent Fiscal Year)($0.14) Net Income$-13,380,000.00 Net Margins-11.15% Return on Equity-3.91% Return on Assets-1.56%Miscellaneous Employees469 Outstanding Shares131,090,000Market Cap$3.50 billion Next Earnings Date2/27/2020 (Estimated) OptionableOptionable Receive IRDM News and Ratings via Email Sign-up to receive the latest news and ratings for IRDM and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:IRDM Rates by TradingView 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) announced its earnings results on Tuesday, October, 29th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.13) by $0.01. The technology company earned $144.80 million during the quarter, compared to analyst estimates of $142.05 million. Iridium Communications had a negative net margin of 11.15% and a negative return on equity of 3.91%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.13) 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 Thursday, February 27th 2020. View Earnings Estimates for Iridium Communications. What price target have analysts set for IRDM? 6 equities research analysts have issued 12-month price targets for Iridium Communications' shares. Their forecasts range from $14.00 to $33.00. On average, they expect Iridium Communications' share price to reach $27.00 in the next twelve months. This suggests a possible upside of 1.3% 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 and 5 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? News headlines about IRDM stock have trended somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Iridium Communications earned a news impact score of -1.8 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Iridium Communications. Are investors shorting Iridium Communications? Iridium Communications saw a increase in short interest in December. As of December 13th, there was short interest totalling 9,730,000 shares, an increase of 6.0% from the November 28th total of 9,180,000 shares. Based on an average daily volume of 750,000 shares, the short-interest ratio is currently 13.0 days. Currently, 8.5% of the company's stock 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 Verizon Communications (VZ), NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), Cisco Systems (CSCO), Boeing (BA), AT&T (T), Plug Power (PLUG), 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 a number of of retail and institutional investors. Top institutional shareholders include Dudley & Shanley Inc. (0.87%), Empire Life Investments Inc. (0.06%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.03%), Assenagon Asset Management S.A. (0.01%) and Raymond James Trust N.A. (0.01%). 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 Empire Life Investments Inc., Louisiana State Employees Retirement System, Raymond James Trust N.A. and State of Alaska Department of Revenue. 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 purchased by a variety of institutional investors in the last quarter, including Dudley & Shanley Inc., Assenagon Asset Management S.A., New England Research & Management Inc. and Nisa Investment Advisors LLC. 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 $26.65. How big of a company is Iridium Communications? Iridium Communications has a market capitalization of $3.49 billion and generates $523.01 million in revenue each year. The technology company earns $-13,380,000.00 in net income (profit) each year or ($0.14) 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 ( )Outperform Votes: 417 (Vote Outperform)Underperform Votes: 564 (Vote Underperform)Total Votes: 981MarketBeat'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 1/22/2020 by MarketBeat.com StaffFeatured Article: How much money do you need to begin day trading?
