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NASDAQ:IRDM

Iridium Communications - IRDM Stock Forecast, Price & News

$58.65
-0.40 (-0.68%)
(As of 01/30/2023 12:41 PM ET)
Add
Compare
Today's Range
$58.12
$59.38
50-Day Range
$49.33
$61.64
52-Week Range
$31.73
$62.48
Volume
163,450 shs
Average Volume
634,024 shs
Market Capitalization
$7.37 billion
P/E Ratio
1,466.62
Dividend Yield
N/A
Price Target
$61.00

Iridium Communications MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
4.1% Upside
$61.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.74
Upright™ Environmental Score
News Sentiment
0.75mentions of Iridium Communications in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$5.63 M Sold Last Quarter
Proj. Earnings Growth
-12.50%
From $0.08 to $0.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.40 out of 5 stars

Computer And Technology Sector

593rd out of 630 stocks

Communications Equipment, Not Elsewhere Classified Industry

11th out of 12 stocks


IRDM stock logo

About Iridium Communications (NASDAQ:IRDM) Stock

Iridium Communications, Inc. engages in the provision of global satellite communications services and products. Its products include personal communicators, messengers, and trackers, satellite phones, push-to-talk-devices, broadband, midband, and external terminals, docking stations, apps, and accessories. It offers its services to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers via satellite network. The company was founded in 2000 and is headquartered in McLean, VA.

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IRDM Stock News Headlines

Iridium Stock Falls On Unusually High Volume (IRDM)
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
IRDM.PH - | Stock Price & Latest News | Reuters
PRESS DIGEST- Wall Street Journal - Jan 6
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Iridium Announces Quarterly Dividend Program
Expert Ratings for Iridium Comms
Iridium Boosts FY22 Service Revenue Growth Outlook - Update
See More Headlines
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IRDM Company Calendar

Last Earnings
10/18/2021
Today
1/30/2023
Next Earnings (Confirmed)
2/16/2023
Ex-Dividend for 3/30 Dividend
3/14/2023
Dividend Payable
3/30/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:IRDM
CUSIP
46269C10
Employees
537
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$61.00
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+4.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-9,320,000.00
Pretax Margin
0.75%

Debt

Sales & Book Value

Annual Sales
$683.09 million
Cash Flow
$2.26 per share
Book Value
$9.74 per share

Miscellaneous

Free Float
122,502,000
Market Cap
$7.37 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • Matthew J. DeschMatthew J. Desch
    Chief Executive Officer & Director
  • Suzanne E. McBrideSuzanne E. McBride
    Chief Operations Officer & Director
  • Thomas J. FitzpatrickThomas J. Fitzpatrick
    Chief Financial & Administrative Officer, Director
  • Gregory Pelton
    Chief Technical Officer
  • Manjula Sriram
    Chief Information Officer & Vice President













IRDM Stock - Frequently Asked Questions

Should I buy or sell Iridium Communications stock right now?

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

What is Iridium Communications' stock price forecast for 2023?

4 Wall Street analysts have issued 1-year price objectives for Iridium Communications' stock. Their IRDM share price forecasts range from $45.00 to $75.00. On average, they anticipate the company's share price to reach $61.00 in the next year. This suggests a possible upside of 3.6% from the stock's current price.
View analysts price targets for IRDM
or view top-rated stocks among Wall Street analysts.

How have IRDM shares performed in 2023?

Iridium Communications' stock was trading at $51.40 at the beginning of 2023. Since then, IRDM stock has increased by 14.5% and is now trading at $58.86.
View the best growth stocks for 2023 here
.

When is Iridium Communications' next earnings date?

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

How can I listen to Iridium Communications' earnings call?

Iridium Communications will be holding an earnings conference call on Thursday, February 16th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) posted its quarterly earnings data on Monday, October, 18th. The technology company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The technology company earned $162.20 million during the quarter, compared to analysts' expectations of $153.76 million. Iridium Communications had a trailing twelve-month return on equity of 0.30% and a net margin of 0.53%. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.03) earnings per share.

How often does Iridium Communications pay dividends? What is the dividend yield for Iridium Communications?

Iridium Communications announced a quarterly dividend on Thursday, December 8th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.13 per share on Thursday, March 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for IRDM
.

How will Iridium Communications' stock buyback program work?

Iridium Communications announced that its board has authorized a stock repurchase plan on Tuesday, April 19th 2022, which permits the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

What is Matt Desch's approval rating as Iridium Communications' CEO?

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.

What other stocks do shareholders of Iridium Communications own?

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).

What is Iridium Communications' stock symbol?

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

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include ARK Investment Management LLC (1.19%), Pinnacle Associates Ltd. (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.57%), New York State Teachers Retirement System (0.09%), Yousif Capital Management LLC (0.05%) and Natixis Advisors L.P. (0.05%). 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
.

How do I buy shares of Iridium Communications?

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.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $58.86.

How much money does Iridium Communications make?

Iridium Communications (NASDAQ:IRDM) has a market capitalization of $7.40 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.

How many employees does Iridium Communications have?

The company employs 537 workers across the globe.

Does Iridium Communications have any subsidiaries?
The following companies are subsidiares of Iridium Communications: Iridium Blocker-B Inc., Iridium Carrier Holdings LLC, Iridium Carrier Services LLC, Iridium Chile SpA, Iridium Constellation LLC, Iridium Government Services LLC, Iridium Holdings LLC, Iridium Holdings LLC, Iridium Satellite LLC, Iridium Satellite SA LLC, Iridium Satellite UK Limited, Iridium Serviços de Satélites S.A., OOO Iridium Communications, OOO Iridium Services, and Syncom-Iridium Holdings Corp..
Read More
How can I contact Iridium Communications?

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.

This page (NASDAQ:IRDM) was last updated on 1/30/2023 by MarketBeat.com Staff