About Iridium Communications (NASDAQ:IRDM)
Iridium Communications Inc. is engaged in providing global satellite communications services and products. The Company offers mobile voice and data communications services through satellite, and provides communications services offering true global coverage. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers through its satellite network, which has over 70 in-orbit satellites with in orbit spares and related ground infrastructure. As of December 31, 2016, the Company sold its products and services to customers through a wholesale distribution network of approximately 65 service providers, approximately 195 value-added resellers (VARs) and approximately 80 value-added manufacturers (VAMs). The Company's commercial end user base includes markets, such as emergency services, maritime, aviation, government, utilities, oil and gas, mining, recreation, forestry, heavy equipment, construction and transportation.
Industry, Sector and Symbol
Industry TELECOMM SVCS
SectorComputer and Technology
Trailing P/E Ratio6.17486338797814
Forward P/E Ratio161.43
Sales & Book Value
Annual Sales$448.05 million
Price / Sales2.48
Cash Flow$2.30 per share
Price / Cash4.91
Book Value$16.30 per share
Price / Book0.69
Net Income$233.85 million
Return on Equity7.21%
Return on Assets2.82%
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) posted its quarterly earnings data on Thursday, February, 22nd. The technology company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.11 by $0.24. The technology company had revenue of $115.50 million for the quarter, compared to analysts' expectations of $111.71 million. Iridium Communications had a return on equity of 7.21% and a net margin of 52.19%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. View Iridium Communications' Earnings History.
When will Iridium Communications make its next earnings announcement?
Where is Iridium Communications' stock going? Where will Iridium Communications' stock price be in 2018?
2 brokers have issued 12 month target prices for Iridium Communications' stock. Their predictions range from $12.00 to $14.00. On average, they anticipate Iridium Communications' stock price to reach $13.00 in the next year. View Analyst Ratings for Iridium Communications.
Who are some of Iridium Communications' key competitors?
Some companies that are related to Iridium Communications include DigitalGlobe (DGI), Cogent Communications (CCOI), Fih Mobile (FXCNY), Hutchison Telecommunications Hong Kong (HTHKY), Loral Space & Communications Ltd. (LORL), ATN International (ATNI), Partner Communications (PTNR), Gogo Inflight Internet (GOGO), Cellcom Israel (CEL), ORBCOMM (ORBC), Aquantia (AQ), Intelsat (I), Quantenna Communications (QTNA), Gilat Satellite Networks (GILT), Windstream (WIN), RigNet (RNET), Telenav (TNAV) and Ceragon Networks (CRNT).
Who are Iridium Communications' key executives?
Iridium Communications' management team includes the folowing people:
- Robert H. Niehaus, Independent Chairman of the Board (Age 61)
- Matthew J. Desch, Chief Executive Officer, Director (Age 59)
- Thomas J. Fitzpatrick, Chief Financial Officer, Chief Administrative Officer, Director (Age 59)
- Donald Lee Thoma, Chief Executive Officer of Aireon LLC (Age 55)
- S. Scott Smith, Chief Operating Officer, Director (Age 58)
- Bryan J. Hartin, Executive Vice President - Sales and Marketing (Age 53)
- Scott T. Scheimreif, Executive Vice President - Government Programs (Age 48)
- Timothy Kapalka, Principal Accounting Officer (Age 42)
- Thomas D. Hickey, Chief Legal Officer, Secretary (Age 57)
- Thomas C. Canfield, Independent Director (Age 61)
Has Iridium Communications been receiving favorable news coverage?
Media headlines about IRDM stock have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Iridium Communications earned a news sentiment score of 0.16 on Accern's scale. They also gave news stories about the technology company an impact score of 44.48 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are Iridium Communications' major shareholders?
Iridium Communications' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.50%), Glenmede Trust Co. NA (3.20%), Silver Heights Capital Management Inc. (3.03%), Pinnacle Associates Ltd. (2.90%), LSV Asset Management (2.42%) and Bank of New York Mellon Corp (1.95%). 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.
Which major investors are selling Iridium Communications stock?
IRDM stock was sold by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC, Pinnacle Associates Ltd., LSV Asset Management, Eagle Asset Management Inc., Glenmede Trust Co. NA, Bank of New York Mellon Corp, Metropolitan Life Insurance Co. NY and Brandywine Global Investment Management LLC. View Insider Buying and Selling for Iridium Communications.
Which major investors are buying Iridium Communications stock?
IRDM stock was acquired by a variety of institutional investors in the last quarter, including Royce & Associates LP, Two Sigma Investments LP, Clearbridge Investments LLC, Bank of Montreal Can, Arizona State Retirement System, Acadian Asset Management LLC, Chicago Equity Partners LLC and Wells Fargo & Company MN. 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.
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, Scottrade, Fidelity and Charles Schwab.
What is Iridium Communications' stock price today?
One share of IRDM stock can currently be purchased for approximately $11.30.
How big of a company is Iridium Communications?
Iridium Communications has a market capitalization of $1.12 billion and generates $448.05 million in revenue each year. The technology company earns $233.85 million in net income (profit) each year or $1.83 on an earnings per share basis. Iridium Communications employs 420 workers across the globe.
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 (IRDM)MarketBeat's community ratings are surveys of what our community members think about Iridium Communications and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Iridium Communications (NASDAQ:IRDM) Earnings History and Estimates Chart
Iridium Communications (NASDAQ IRDM) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/26/2018|| || || || || || || || |
|2/22/2018||Q4 2017||$0.11||($0.13)||$111.71 million||$115.50 million||View||N/A|
|10/26/2017||Q3 2017||$0.18||$0.23||$113.96 million||$116.55 million||View||N/A|
|7/27/2017||Q2 2017||$0.19||$0.20||$109.18 million||$111.60 million||View||N/A|
|4/27/2017||Q1 2017||$0.21||$0.30||$105.25 million||$104.40 million||View||N/A|
|2/23/2017||Q416||$0.20||$0.19||$107.84 million||$107.40 million||View||N/A|
|10/27/2016||Q316||$0.24||$0.26||$111.21 million||$112.80 million||View||Listen|
|7/28/2016||Q216||$0.25||$0.22||$107.34 million||$109.20 million||View||Listen|
|4/28/2016||Q116||$0.22||$0.23||$104.04 million||$104.20 million||View||Listen|
|2/25/2016||Q415||$0.17||$0.14||$104.63 million||$106.40 million||View||Listen|
|10/29/2015||Q315||$0.19||$0.24||$104.62 million||$106.00 million||View||Listen|
|7/30/2015||Q215||$0.19||$0.21||$102.45 million||$101.92 million||View||Listen|
|4/30/2015||Q115||$0.17||$0.17||$101.21 million||$97.00 million||View||Listen|
|2/26/2015||Q414||$0.13||$0.19||$99.33 million||$100.50 million||View||N/A|
|10/30/2014||Q314||$0.14||$0.17||$101.80 million||$107.50 million||View||N/A|
|7/31/2014||Q214||$0.16||$0.14||$98.28 million||$102.50 million||View||N/A|
|5/1/2014||Q114||$0.18||$0.19||$94.40 million||$98.00 million||View||Listen|
|2/27/2014||Q413||$0.21||$0.18||$99.36 million||$98.20 million||View||N/A|
|10/31/2013||Q313||$0.21||$0.19||$97.85 million||$100.60 million||View||N/A|
|8/1/2013||Q2 2013||$0.22||$0.18||$99.31 million||$94.70 million||View||N/A|
|5/2/2013||Q1 2013||$0.19||$0.19||$97.63 million||$89.19 million||View||N/A|
|2/28/2013||Q4 2012||$0.21||$0.19||$98.14 million||$92.30 million||View||N/A|
Iridium Communications (NASDAQ:IRDM) Earnings Estimates
2018 EPS Consensus Estimate: ($0.49)
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Iridium Communications (NASDAQ:IRDM)
No dividend announcements for this company have been tracked by MarketBeat.com
Iridium Communications (NASDAQ IRDM) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 6.40%
Institutional Ownership Percentage: 99.96%
Iridium Communications (NASDAQ IRDM) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|11/9/2017||A B Krongard||Director||Buy||45,750||$10.89||$498,217.50||149,788|| |
|8/30/2017||S. Scott Smith||COO||Sell||135,000||$10.51||$1,418,850.00||309,000|| |
|3/10/2017||A B Krongard||Director||Buy||29,000||$8.51||$246,790.00||149,788|| |
|3/6/2017||Thomas C Canfield||Director||Buy||7,483||$8.14||$60,911.62||208,609|| |
|12/16/2016||A B Krongard||Director||Buy||50,000||$9.95||$497,500.00||105,812|| |
|9/9/2016||Matthew J Desch||CEO||Buy||15,000||$6.98||$104,700.00||554,040|| |
|9/7/2016||Barry West||Director||Buy||10,000||$7.25||$72,500.00||20,856|| |
|3/1/2016||Thomas C Canfield||Director||Buy||5,000||$6.95||$34,750.00||191,223|| |
|8/6/2013||Matthew Desch||CEO||Buy||15,000||$7.12||$106,800.00||290,970|| |
|8/6/2013||Thomas Canfield||Director||Buy||10,000||$7.10||$71,000.00||131,504|| |
|5/9/2013||Greenhill & Co Inc||Director||Sell||15,000||$7.45||$111,750.00|| |
|5/7/2013||Thomas C Canfield||Director||Buy||10,000||$7.23||$72,300.00|| |
|4/12/2013||Greenhill & Co Inc||Director||Sell||45,000||$6.44||$289,800.00|| |
|3/14/2013||Greenhill & Co Inc||Director||Sell||30,000||$6.32||$189,600.00|| |
|3/13/2013||Thomas C Canfield||Director||Buy||7,500||$6.35||$47,625.00|| |
|2/6/2013||Greenhill & Co Inc||Director||Sell||45,000||$6.96||$313,200.00|| |
|1/18/2013||Greenhill & Co Inc||Director||Sell||45,000||$6.88||$309,600.00|| |
|12/21/2012||Greenhill & Co Inc||Director||Sell||15,000||$5.69||$85,350.00|| |
|12/5/2012||Greenhill & Co Inc||Director||Sell||30,000||$6.27||$188,100.00|| |
|11/29/2012||Thomas C Canfield||Director||Buy||5,000||$6.12||$30,600.00|| |
|11/21/2012||Ltd Baralonco||Major Shareholder||Buy||5,800||$5.70||$33,060.00|| |
|11/20/2012||Ltd Baralonco||Major Shareholder||Buy||6,600||$5.61||$37,026.00|| |
|11/16/2012||Ltd Baralonco||Major Shareholder||Buy||6,100||$5.49||$33,489.00|| |
|11/13/2012||Thomas C Canfield||Director||Buy||5,000||$6.33||$31,650.00|| |
|11/7/2012||Ltd Baralonco||Major Shareholder||Buy||3,300||$6.27||$20,691.00|| |
|11/6/2012||Ltd Baralonco||Major Shareholder||Buy||3,400||$6.45||$21,930.00|| |
|11/6/2012||Robert H Niehaus||Director||Buy||30,000||$6.45||$193,500.00|| |
|11/6/2012||S. Scott Smith||EVP||Buy||5,000||$6.45||$32,250.00|| |
|10/4/2012||Greenhill & Co Inc||Director||Sell||30,000||$7.49||$224,700.00|| |
|9/6/2012||Greenhill & Co Inc||Director||Sell||30,000||$7.55||$226,500.00|| |
|8/10/2012||Greenhill & Co Inc||Director||Sell||30,000||$7.33||$219,900.00|| |
|8/9/2012||Richard P Nyren||VP||Buy||2,000||$7.26||$14,520.00|| |
|8/9/2012||Thomas C Canfield||Director||Buy||7,000||$7.27||$50,890.00|| |
|8/8/2012||Ltd Baralonco||Major Shareholder||Buy||3,000||$7.02||$21,060.00|| |
|8/7/2012||A B Krongard||Director||Buy||25,000||$7.33||$183,250.00|| |
|8/7/2012||Ltd Baralonco||Major Shareholder||Buy||4,000||$7.19||$28,760.00|| |
|8/7/2012||Thomas Fitzpatrick||CFO||Buy||10,000||$7.08||$70,800.00|| |
Iridium Communications (NASDAQ IRDM) News Headlines
Iridium Communications (NASDAQ:IRDM) SEC Filings
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Iridium Communications (NASDAQ:IRDM) Income Statement, Balance Sheet and Cash Flow Statement
Iridium Communications (NASDAQ IRDM) Stock Chart for Saturday, March, 24, 2018