NASDAQ:IRDM - Iridium Communications Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$21.16 +0.58 (+2.82 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$20.58
Today's Range$20.48 - $21.34
52-Week Range$10.75 - $24.35
Volume550,743 shs
Average Volume627,003 shs
Market Capitalization$2.36 billion
P/E Ratio30.23
Dividend YieldN/A
Beta2.06
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.

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.

Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
SectorComputer and Technology
Current SymbolNASDAQ:IRDM
CUSIP46269C10
Phone703-287-7400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$448.05 million
Cash Flow$2.3537 per share
Book Value$16.30 per share

Profitability

Net Income$233.85 million

Miscellaneous

Employees420
Market Cap$2.36 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) released its quarterly earnings data on Thursday, October, 25th. The technology company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.06. The technology company earned $136.76 million during the quarter, compared to analyst estimates of $128.32 million. Iridium Communications had a net margin of 26.88% and a return on equity of 1.01%. 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 28th 2019. View Earnings Estimates for Iridium Communications.

What price target have analysts set for IRDM?

5 brokerages have issued 12 month 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 twelve months. This suggests a possible upside of 1.2% 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 and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Iridium Communications.

Has Iridium Communications been receiving favorable news coverage?

Media headlines about IRDM stock have trended somewhat positive on Friday, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Iridium Communications earned a news impact score of 1.1 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an effect on the company's share price in the near future.

Who are some of Iridium Communications' key competitors?

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)
  • Mr. S. Scott Smith, Consultant (Age 60)

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.72%), Dimensional Fund Advisors LP (5.25%), Northern Trust Corp (2.12%), Pinnacle Associates Ltd. (1.72%), Bank of New York Mellon Corp (1.55%) and Geode Capital Management LLC (0.97%). 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 major investors are selling Iridium Communications stock?

IRDM stock was sold by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Bank of New York Mellon Corp, Royce & Associates LP, Bank of America Corp DE, D. E. Shaw & Co. Inc., James Investment Research Inc., Pinnacle Associates Ltd. and SG Americas Securities LLC. 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 major investors are buying Iridium Communications stock?

IRDM stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Dimensional Fund Advisors LP, BlackRock Inc., Nomura Asset Management Co. Ltd., Geode Capital Management LLC, Mackay Shields LLC, Riggs Asset Managment Co. Inc. and Employees Retirement System of Texas. 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 $21.18.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $2.36 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?

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:  2.4 out of 5 (star star)
Outperform Votes:  344 (Vote Outperform)
Underperform Votes:  370 (Vote Underperform)
Total Votes:  714
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.
This page was last updated on 2/15/2019 by MarketBeat.com Staff

Featured Article: QQQ ETF

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel