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. 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; submarine communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence community, 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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
SectorComputer and Technology
SymbolNASDAQ:IRDM
CUSIP46269C10
Phone703-287-7400
Debt
Debt-to-Equity Ratio1.23
Current Ratio2.68
Quick Ratio2.58
Price-To-Earnings
Trailing P/E Ratio26.07
Forward P/E Ratio128.36
P/E GrowthN/A
Sales & Book Value
Annual Sales$448.05 million
Price / Sales4.43
Cash Flow$2.2892 per share
Price / Cash7.85
Book Value$16.30 per share
Price / Book1.10
Profitability
EPS (Most Recent Fiscal Year)$0.70
Net Income$233.85 million
Net Margins44.81%
Return on Equity5.19%
Return on Assets2.04%
Miscellaneous
Employees420
Outstanding Shares110,380,000
Market Cap$2,014.39
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, April, 26th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The technology company earned $119.10 million during the quarter, compared to the consensus estimate of $111.60 million. Iridium Communications had a net margin of 44.81% and a return on equity of 5.19%. The company's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. View Iridium Communications' Earnings History.
When is Iridium Communications' next earnings date?
What price target have analysts set for IRDM?
3 brokerages have issued 12 month price targets for Iridium Communications' shares. Their predictions range from $12.00 to $22.00. On average, they expect Iridium Communications' stock price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 11.2%. View Analyst Ratings for Iridium Communications.
What is the consensus analysts' recommendation for Iridium Communications?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Iridium Communications' key competitors?
Some companies that are related to Iridium Communications include Lumentum (LITE), ESCO Technologies (ESE), Vocera Communications (VCRA), ADVA Optical Networking (ADVOF), Turtle Beach (HEAR), Napco Security Technologies (NSSC), Iteris (ITI), UTStarcom (UTSI), Inseego (INSG), Magal Security Systems (MAGS), I.D. Systems (IDSY), Risk (George) Industries, Inc. Common Stock (RSKIA), Novume Solutions (NVMM), 5Barz International (BARZ) and Ability (ABIL).
Who are Iridium Communications' key executives?
Iridium Communications' management team includes the folowing people:
- Mr. Matthew J. Desch, CEO & Director (Age 60)
- Mr. Thomas J. Fitzpatrick, Chief Admin. Officer, CFO & Director (Age 60)
- Mr. S. Scott Smith, COO & Director (Age 59)
- Mr. Thomas D. Hickey, Chief Legal Officer & Sec. (Age 58)
- Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 54)
Has Iridium Communications been receiving favorable news coverage?
Press coverage about IRDM stock has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Iridium Communications earned a coverage optimism score of 0.14 on Accern's scale. They also assigned news articles about the technology company an impact score of 45.86 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Who are Iridium Communications' major shareholders?
Iridium Communications' stock is owned by many different of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.18%), Dudley & Shanley Inc. (0.09%), Cornerstone Wealth Management LLC (0.04%) and Capital One National Association (0.03%). 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?
Which major investors are buying Iridium Communications stock?
IRDM stock was bought by a variety of institutional investors in the last quarter, including Dudley & Shanley Inc., Bank of Montreal Can and Cornerstone Wealth Management LLC. 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 $18.02.
How big of a company is Iridium Communications?
Iridium Communications has a market capitalization of $2.01 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.
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.
