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
Stock Exchange NASDAQ
Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
SectorComputer and Technology
SymbolNASDAQ:IRDM
CUSIP46269C10
Phone703-287-7400
Debt
Debt-to-Equity Ratio1.20
Current Ratio2.18
Quick Ratio2.09
Price-To-Earnings
Trailing P/E Ratio29.07
Forward P/E Ratio-145.36
P/E GrowthN/A
Sales & Book Value
Annual Sales$448.05 million
Price / Sales5.03
Cash Flow$2.3829 per share
Price / Cash8.54
Book Value$16.30 per share
Price / Book1.25
Profitability
EPS (Most Recent Fiscal Year)$0.70
Net Income$233.85 million
Net Margins36.66%
Return on Equity3.72%
Return on Assets1.48%
Miscellaneous
Employees420
Outstanding Shares110,750,000
Market Cap$2.20 billion
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) announced its quarterly earnings data on Tuesday, July, 31st. The technology company reported ($0.06) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.06). The technology company had revenue of $134.93 million for the quarter, compared to analyst estimates of $120.54 million. Iridium Communications had a return on equity of 3.72% and a net margin of 36.66%. Iridium Communications's quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. View Iridium Communications' Earnings History.
When is Iridium Communications' next earnings date?
What price target have analysts set for IRDM?
4 brokerages have issued 1-year target prices for Iridium Communications' shares. Their predictions range from $12.00 to $22.00. On average, they anticipate Iridium Communications' stock price to reach $15.6875 in the next twelve months. This suggests that the stock has a possible downside of 22.9%. View Analyst Price Targets for Iridium Communications.
What is the consensus analysts' recommendation for Iridium Communications?
4 Wall Street 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, resulting in a consensus recommendation of "Buy." 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), ESCO Technologies (ESE), Vocera Communications (VCRA), Turtle Beach (HEAR), ADVA Optical Networking (ADVOF), Napco Security Technologies (NSSC), Inseego (INSG), Iteris (ITI), UTStarcom (UTSI), Magal Security Systems (MAGS), I.D. Systems (IDSY), Risk (George) Industries, Inc. Common Stock (RSKIA), 5Barz International (BARZ), Novume Solutions (NVMM) and Grow Condos (GRWC).
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?
Media stories about IRDM stock have been trending somewhat positive on Monday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Iridium Communications earned a daily sentiment score of 0.20 on Accern's scale. They also assigned news headlines about the technology company an impact score of 48.11 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Iridium Communications.
Who are Iridium Communications' major shareholders?
Iridium Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.25%), Van Berkom & Associates Inc. (4.84%), Dimensional Fund Advisors LP (4.09%), Glenmede Trust Co. NA (2.78%), Pinnacle Associates Ltd. (2.09%) and Bank of New York Mellon Corp (1.75%). Company insiders that own Iridium Communications stock include A B Krongard, Barry West, 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 FMR LLC, Van Berkom & Associates Inc., Pinnacle Associates Ltd., Great West Life Assurance Co. Can, Gabelli Funds LLC, Bank of America Corp DE, Glenmede Trust Co. NA and California Public Employees Retirement System. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, 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 BlackRock Inc., Renaissance Technologies LLC, Dimensional Fund Advisors LP, EAM Investors LLC, Monarch Partners Asset Management LLC, Skylands Capital LLC, Bank of New York Mellon Corp and Dudley & Shanley 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 $20.35.
How big of a company is Iridium Communications?
Iridium Communications has a market capitalization of $2.20 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 (NASDAQ 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.
