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
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 Ratio23.36
Forward P/E Ratio148.64
P/E Growth31.22
Sales & Book Value
Annual Sales$448.05 million
Price / Sales4.03
Cash Flow$2.2803 per share
Price / Cash7.17
Book Value$16.30 per share
Price / Book1.00
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
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, April, 26th. The technology company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. The technology company had revenue of $119.10 million for the quarter, compared to analysts' expectations of $111.60 million. Iridium Communications had a return on equity of 5.19% and a net margin of 44.81%. The firm's quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. View Iridium Communications' Earnings History.
When is Iridium Communications' next earnings date?
What price target have analysts set for IRDM?
3 analysts have issued twelve-month price objectives for Iridium Communications' shares. Their forecasts range from $12.00 to $22.00. On average, they anticipate Iridium Communications' stock price to reach $16.00 in the next twelve months. View Analyst Ratings for Iridium Communications.
Who are some of Iridium Communications' key competitors?
Some companies that are related to Iridium Communications include Lumentum (LITE), ETS-Lindgren (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), Grow Condos (GRWC), 5Barz International (BARZ) and xG Technology (XGTI).
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?
News stories about IRDM stock have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Iridium Communications earned a media sentiment score of 0.09 on Accern's scale. They also gave news headlines about the technology company an impact score of 45.93 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Iridium Communications' major shareholders?
Iridium Communications' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.43%), Bamco Inc. NY (8.37%), Van Berkom & Associates Inc. (5.29%), Dimensional Fund Advisors LP (3.56%), Silver Heights Capital Management Inc (2.74%) and Pinnacle Associates Ltd. (2.46%). 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?
IRDM stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., LSV Asset Management, Great West Life Assurance Co. Can, Pinnacle Associates Ltd., Bamco Inc. NY, Prudential Financial Inc., BNP Paribas Arbitrage SA and Dimensional Fund Advisors LP. View Insider Buying and Selling for Iridium Communications.
Which major investors are buying Iridium Communications stock?
IRDM stock was bought by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Wells Fargo & Company MN, JPMorgan Chase & Co., A.R.T. Advisors LLC, Tibra Equities Europe Ltd, SG Americas Securities LLC, Spark Investment Management LLC and Silver Heights Capital Management Inc. 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 $16.35.
How big of a company is Iridium Communications?
Iridium Communications has a market capitalization of $1.84 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 (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.
