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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NASDAQ:IRDM

Iridium Communications Stock Forecast, Price & News

$49.00
+0.69 (+1.43 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$47.40
Now: $49.00
$49.15
50-Day Range
$33.20
MA: $39.56
$48.38
52-Week Range
$16.87
Now: $49.00
$50.83
Volume998,101 shs
Average Volume962,431 shs
Market Capitalization$6.53 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.33
Iridium Communications Inc. provides mobile voice and data communications services and product to businesses, the United States 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; maritime 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.
Iridium Communications logo

MarketRank

Overall MarketRank

1.13 out of 5 stars

Computer And Technology Sector

565th out of 1,506 stocks

Communications Equipment, Not Elsewhere Classified Industry

9th out of 35 stocks

Analyst Opinion: 1.3Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
Current SymbolNASDAQ:IRDM
CUSIP46269C10
Phone703-287-7400
Employees497

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$560.44 million
Cash Flow$2.10 per share
Book Value$11.13 per share

Profitability

Net Income$-162,000,000.00

Miscellaneous

Market Cap$6.53 billion
Next Earnings Date2/11/2021 (Confirmed)
OptionableOptionable
$49.00
+0.69 (+1.43 %)
(As of 01/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

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 (WHO). Since then, IRDM stock has increased by 112.9% and is now trading at $49.00.
View which stocks have been most impacted by COVID-19
.

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 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Iridium Communications stock.
View analyst ratings for Iridium Communications
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Iridium Communications?

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

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.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for Iridium Communications
.

How can I listen to Iridium Communications' earnings call?

Iridium Communications will be holding an earnings conference call on Thursday, February 11th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) posted its quarterly earnings results on Tuesday, October, 20th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.08. The technology company had revenue of $151.47 million for the quarter, compared to analysts' expectations of $138.12 million. Iridium Communications had a negative net margin of 27.09% and a negative trailing twelve-month return on equity of 3.09%. The company's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.14) earnings per share.
View Iridium Communications' earnings history
.

What price target have analysts set for IRDM?

4 analysts have issued twelve-month target prices for Iridium Communications' shares. Their forecasts range from $29.00 to $37.00. On average, they expect Iridium Communications' stock price to reach $32.50 in the next twelve months. This suggests that the stock has a possible downside of 33.7%.
View analysts' price targets for Iridium Communications
or view Wall Street analyst' top-rated stocks.

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).

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the following people:
  • Mr. Matthew J. Desch, CEO & Director (Age 63, Pay $1.65M)
  • Mr. Thomas J. Fitzpatrick, Chief Admin. Officer, CFO & Director (Age 63, Pay $937.76k)
  • Ms. Suzanne E. McBride, COO & Director (Age 52, Pay $629.4k)
  • Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 57, Pay $577.75k)
  • Mr. Scott T. Scheimreif, Exec. VP of Gov. Programs (Age 52, Pay $556.5k)
  • Mr. Kenneth B. Levy, VP of Investor Relations
  • Mr. Thomas D. Hickey, Chief Legal Officer & Sec. (Age 61)
  • Mr. Donald L. Thoma, Pres & CEO of Aireon LLC (Age 59)
  • Mr. Joe Pizzicaroli, Exec. Director of NEXT Advanced Systems
  • Mr. Tim Last, VP & GM of IoT

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 number of retail and institutional investors. Top institutional shareholders include Dudley & Shanley Inc. (0.64%), State of Alaska Department of Revenue (0.07%), Redpoint Investment Management Pty Ltd (0.06%), Richard P Slaughter Associates Inc (0.04%), Sowell Financial Services LLC (0.02%) and Raymond James Trust N.A. (0.01%). Company insiders that own Iridium Communications stock include Bryan J Hartin, Matthew J Desch, Parker William Rush, Robert H Niehaus, S Scott Smith, 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 Dudley & Shanley Inc., State of Alaska Department of Revenue, Redpoint Investment Management Pty Ltd, and Raymond James Trust N.A.. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Matthew J Desch, Robert H Niehaus, 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 bought by a variety of institutional investors in the last quarter, including Richard P Slaughter Associates Inc, Lehman & Derafelo Financial Resources LLC, Americana Partners LLC, Founders Capital Management, Sowell Financial Services LLC, International Assets Investment Management LLC, and Creative Financial Designs Inc. ADV.
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.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $49.00.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $6.53 billion and generates $560.44 million in revenue each year. The technology company earns $-162,000,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. Iridium Communications employs 497 workers across the globe.

What is Iridium Communications' official website?

The official website for Iridium Communications is 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]

This page was last updated on 1/23/2021 by MarketBeat.com Staff

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