Iridium Communications, Inc. is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company's current principal lines of business include Land Mobile, Maritime, Aviation, and Government. The Land Mobile business engages in the provision of mobile satellite communications services to the land mobile sector, providing handset services to areas not served or inconsistently served by existing terrestrial communications networks. The Maritime business provides broadband terminals, embedded devices and handsets. Its market space includes merchant shipping, fishing, research vessels and specialized water craft. The Aviation business provides mobile satellite communications services to the aviation sector. Its services are used in commercial and global government aviation applications, principally by corporate jets, corporate and government helicopter fleets, specialized general aviation fleets, such as medevac companies and fire suppression fleets, and high-end personal aircraft. The Government business line involves in the provision of mobile satellite communications services to the U.S. government, principally the Department of Defense. Its voice products are used for a variety of primary and backup communications solutions, including tactical operations, logistical, administrative, morale and welfare, and emergency communications. The company's commercial services includes: Postpaid Mobile Voice and Data Satellite Communications; Prepaid Mobile Voice Satellite Communications; Iridium PTT; Broadband Data; and Machine-to-Machine services. Iridium Communications was founded on November 2, 2007 and is headquartered in McLean, VA.
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
Phone703-287-7400
Debt
Debt-to-Equity Ratio1.16
Current Ratio1.53
Quick Ratio1.46
Price-To-Earnings
Trailing P/E Ratio27.27
Forward P/E Ratio-95.45
P/E GrowthN/A
Sales & Book Value
Annual Sales$448.05 million
Price / Sales4.74
Cash Flow$2.2069 per share
Price / Cash Flow8.65
Book Value$16.30 per share
Price / Book1.17
Profitability
EPS (Most Recent Fiscal Year)$0.70
Net Income$233.85 million
Net Margins26.88%
Return on Equity1.01%
Return on Assets0.40%
Miscellaneous
Employees420
Outstanding Shares111,340,000
Market Cap$2.24 billion
OptionableOptionable
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 quarterly earnings data on Thursday, October, 25th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.07) by $0.06. The technology company had revenue of $136.76 million for the quarter, compared to the consensus estimate of $128.32 million. Iridium Communications had a return on equity of 1.01% and a net margin of 26.88%. View Iridium Communications' Earnings History.
When is Iridium Communications' next earnings date?
What price target have analysts set for IRDM?
5 Wall Street analysts have issued 1 year price targets for Iridium Communications' shares. Their forecasts range from $14.75 to $26.00. On average, they anticipate Iridium Communications' share price to reach $21.4375 in the next year. This suggests a possible upside of 12.3% from the stock's current price. View Analyst Price Targets for Iridium Communications.
What is the consensus analysts' recommendation for Iridium Communications?
5 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, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Iridium Communications.
Has Iridium Communications been receiving favorable news coverage?
Media stories about IRDM stock have been trending somewhat positive on Wednesday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news 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 media sentiment score of 1.9 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
Who are some of Iridium Communications' key competitors?
Some companies that are related to Iridium Communications include AAC TECHNOLOGIE/ADR (AACAY), Lumentum (LITE), ESCO Technologies (ESE), Vocera Communications (VCRA), ADVA Optical Networking (ADVOF), Napco Security Technologies (NSSC), Inseego (INSG), Turtle Beach (HEAR), Iteris (ITI), Magal Security Systems (MAGS), UTStarcom (UTSI), I.D. Systems (IDSY), Risk (George) Industries (RSKIA), 5Barz International (BARZ) and Novume Solutions (NVMM).
Who are Iridium Communications' key executives?
Iridium Communications' management team includes the folowing people:
- Matthew J. Desch, Chief Executive Officer & Director
- S. Scott Smith, Chief Operating Officer & Director
- Thomas J. Fitzpatrick, Director, Chief Financial & Administrative Officer
- Scott T. Scheimreif, Executive Vice President-Government Programs
- Bryan J. Hartin, Executive Vice President-Sales & Marketing
Who are Iridium Communications' major shareholders?
Iridium Communications' stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.60%), Vanguard Group Inc. (8.72%), Vanguard Group Inc (8.72%), Dimensional Fund Advisors LP (4.79%), Van Berkom & Associates Inc. (4.48%) and Capital World Investors (4.04%). Company insiders that own Iridium Communications stock include A B Krongard, Bryan J Hartin, Matthew J Desch, S Scott Smith, Thomas C Canfield and Thomas D Hickey. View Institutional Ownership Trends for Iridium Communications.
Which institutional investors are selling Iridium Communications stock?
IRDM stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Great West Life Assurance Co. Can, Glenmede Trust Co. NA, Royce & Associates LP, Wells Fargo & Company MN, JPMorgan Chase & Co., JPMorgan Chase & Co. and Van Berkom & Associates Inc.. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Matthew J Desch, S Scott Smith, Thomas C Canfield and Thomas D Hickey. View Insider Buying and Selling for Iridium Communications.
Which institutional investors are buying Iridium Communications stock?
IRDM stock was purchased by a variety of institutional investors in the last quarter, including Capital International Investors, BlackRock Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, Morgan Stanley, Bank of New York Mellon Corp, Nisa Investment Advisors LLC and Man Group plc. Company insiders that have bought Iridium Communications stock in the last two years include A B Krongard 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 $19.09.
How big of a company is Iridium Communications?
Iridium Communications has a market capitalization of $2.24 billion and generates $448.05 million in revenue each year. The technology company earns $233.85 million in net income (profit) each year or $0.70 on an earnings per share basis. Iridium Communications employs 420 workers across the globe.
What is Iridium Communications' official website?
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)
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.
