Iridium Communications - IRDM Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IRDM shares.
View IRDM analyst ratings or view top-rated stocks.

4 brokers have issued 1 year price objectives for Iridium Communications' stock. Their IRDM share price forecasts range from $44.00 to $64.00. On average, they expect the company's share price to reach $53.25 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for IRDM or view top-rated stocks among Wall Street analysts.

Iridium Communications' stock was trading at $41.29 at the beginning of the year. Since then, IRDM shares have increased by 19.3% and is now trading at $49.24.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our IRDM earnings forecast.

Iridium Communications Inc. (NASDAQ:IRDM) released its quarterly earnings data on Thursday, October, 20th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The technology company had revenue of $184.04 million for the quarter, compared to analysts' expectations of $180.91 million. Iridium Communications had a net margin of 0.53% and a trailing twelve-month return on equity of 0.30%. The company's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share.

Iridium Communications declared that its Board of Directors has approved a stock buyback program on Tuesday, April 19th 2022, which allows the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

48 employees have rated Iridium Communications Chief Executive Officer Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among the company's employees.

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), Block (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and Boeing (BA).

Iridium Communications trades on the NASDAQ under the ticker symbol "IRDM."

Iridium Communications' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.87%), Vanguard Group Inc. (10.17%), State Street Corp (4.08%), Dimensional Fund Advisors LP (1.96%), ARK Investment Management LLC (1.39%) and Bank of New York Mellon Corp (1.09%). Insiders that own company stock include A B Krongard, Barry West, Bryan J Hartin, Henrik O Schliemann, Kathleen A Morgan, Leon Anthony Frazier, Matthew J Desch, Parker William Rush, Robert H Niehaus, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Suzanne E Mcbride, Suzanne E Mcbride, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka.
View institutional ownership trends.

Shares of IRDM stock 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.

One share of IRDM stock can currently be purchased for approximately $49.24.

Iridium Communications (NASDAQ:IRDM) has a market capitalization of $6.19 billion and generates $614.50 million in revenue each year. The technology company earns $-9,320,000.00 in net income (profit) each year or $0.04 on an earnings per share basis.

The company employs 537 workers across the globe.

Iridium Communications' mailing address is 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102. The official website for the company is www.iridium.com. The technology company can be reached via phone at (703) 287-7400, via email at investor.relations@iridium.com, or via fax at 703-287-7450.