NASDAQ:IRDM

Iridium Communications Stock Forecast, Price & News

$41.66
+0.73 (+1.78 %)
(As of 07/29/2021 02:46 PM ET)
Add
Compare
Today's Range
$40.57
$41.91
50-Day Range
$36.96
$42.20
52-Week Range
$23.65
$54.65
Volume40,127 shs
Average Volume1.21 million shs
Market Capitalization$5.50 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.1
30 days | 90 days | 365 days | Advanced Chart
Receive IRDM News and Ratings via Email

Sign-up to receive the latest news and ratings for Iridium Communications and its competitors with MarketBeat's FREE daily newsletter.


Iridium Communications logo

About Iridium Communications

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 principal lines of business include Land Mobile, Maritime, Aviation, IoT Data Services, Hosted Payloads and Other Data Services, 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 Iot Data Services provides satellite-based IoT services, which include personal tracking devices and location-based services, heavy equipment monitoring, fleet management, fixed-asset monitoring, asset tracking, resource management, and scientific data monitoring. The Hosted Payload and Other Data Services offer satellite time and location services, which helps augment GPS and provides location, timing and positioning data: inbound connections from the public switched telephone network(PSTN), short message services(SMS), subscriber identity module(SIM), activation, customer reactivation, and other peripheral services: and provides research and development services. 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 firm's commercial services include: 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 in 2000 and is headquartered in McLean, VA.

Headlines

See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links


MarketRank

Overall MarketRank

1.62 out of 5 stars

Computer And Technology Sector

515th out of 1,650 stocks

Communications Equipment, Not Elsewhere Classified Industry

9th out of 43 stocks

Analyst Opinion: 1.1Community Rank: 3.0Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

Is Iridium Communications a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Iridium Communications stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IRDM, but not buy additional shares or sell existing shares.
View analyst ratings for Iridium Communications
or view top-rated stocks.

What stocks does MarketBeat like better than Iridium Communications?

Wall Street analysts have given Iridium Communications a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Iridium Communications wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Iridium Communications
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) posted its quarterly earnings results on Monday, July, 19th. The technology company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.09. The technology company had revenue of $149.92 million for the quarter, compared to the consensus estimate of $148.53 million. Iridium Communications had a negative net margin of 2.23% and a negative trailing twelve-month return on equity of 0.96%. Iridium Communications's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) earnings per share.
View Iridium Communications' earnings history
.

How has Iridium Communications' stock price been impacted by Coronavirus (COVID-19)?

Iridium Communications' stock was trading at $23.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IRDM stock has increased by 81.2% and is now trading at $41.71.
View which stocks have been most impacted by COVID-19
.

How will Iridium Communications' stock buyback program work?

Iridium Communications announced that its board has initiated a share repurchase plan on Thursday, February 11th 2021, 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 4.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for IRDM?

4 brokerages have issued 1 year price targets for Iridium Communications' stock. Their forecasts range from $37.00 to $44.00. On average, they anticipate Iridium Communications' share price to reach $40.33 in the next twelve months. This suggests that the stock has a possible downside of 3.3%.
View analysts' price targets for Iridium Communications
or view top-rated stocks among Wall Street analysts.

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the following people:
  • Matthew J. Desch, Chief Executive Officer & Director
  • Suzanne E. McBride, Chief Operations Officer & Director
  • Thomas J. Fitzpatrick, Chief Financial & Administrative Officer, Director
  • Gregory Pelton, Chief Technical Officer
  • Scott T. Scheimreif, Executive Vice President-Government Programs

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

48 employees have rated Iridium Communications CEO Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among Iridium Communications' employees.

Who are some of Iridium Communications' key competitors?

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), Square (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and The 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 institutional and retail investors. Top institutional investors include Oregon Public Employees Retirement Fund (0.03%), New Mexico Educational Retirement Board (0.02%), State of Alaska Department of Revenue (0.01%), Golden Green Inc. (0.01%), Raymond James Trust N.A. (0.01%) and CHICAGO TRUST Co NA (0.00%). Company insiders that own Iridium Communications stock include Barry West, Bryan J Hartin, Leon Anthony Frazier, Matthew J Desch, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka.
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 Raymond James Trust N.A., Golden Green Inc., and State of Alaska Department of Revenue. Company insiders that have sold Iridium Communications company stock in the last year include Barry West, Bryan J Hartin, Matthew J Desch, Scott Scheimreif, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick, and Timothy Kapalka.
View insider buying and selling activity for Iridium Communications
or view top insider-selling stocks.

Which institutional investors are buying Iridium Communications stock?

IRDM stock was acquired by a variety of institutional investors in the last quarter, including CHICAGO TRUST Co NA, New Mexico Educational Retirement Board, and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for Iridium Communications
or or view top insider-buying stocks.

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 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 $41.71.

How much money does Iridium Communications make?

Iridium Communications has a market capitalization of $5.50 billion and generates $583.44 million in revenue each year. The technology company earns $-56,050,000.00 in net income (profit) each year or ($0.24) on an earnings per share basis.

How many employees does Iridium Communications have?

Iridium Communications employs 147,000 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 Satellite LLC, Iridium Satellite SA LLC, OOO Iridium Communications, OOO Iridium Services, and Syncom-Iridium Holdings Corp..

When was Iridium Communications founded?

Iridium Communications was founded in 2000.

What is Iridium Communications' official website?

The official website for Iridium Communications is www.iridium.com.

Where are Iridium Communications' headquarters?

Iridium Communications is headquartered at 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102.

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]


This page was last updated on 7/29/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.