About Iridium Communications (NASDAQ:IRDM)
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
SectorComputer and Technology
Trailing P/E Ratio24.54
Forward P/E Ratio156.14
Sales & Book Value
Annual Sales$448.05 million
Price / Sales4.23
Cash Flow$2.3241 per share
Price / Cash7.39
Book Value$16.30 per share
Price / Book1.05
EPS (Most Recent Fiscal Year)$0.70
Net Income$233.85 million
Return on Equity5.19%
Return on Assets2.04%
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) posted its quarterly earnings results on Thursday, April, 26th. The technology company reported $0.07 EPS for the quarter, topping the Zacks' consensus estimate of $0.04 by $0.03. The technology company earned $119.10 million during the quarter, compared to the consensus estimate of $111.60 million. Iridium Communications had a return on equity of 5.19% and a net margin of 44.81%. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm earned $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 brokerages have issued 12 month price objectives for Iridium Communications' shares. Their predictions range from $12.00 to $22.00. On average, they expect Iridium Communications' share 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), Magal Security Systems (MAGS), Inseego (INSG), I.D. Systems (IDSY), Risk (George) Industries, Inc. Common Stock (RSKIA), 5Barz International (BARZ), xG Technology (XGTI) and Track Group (TRCK).
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 headlines about IRDM stock have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Iridium Communications earned a news impact score of 0.22 on Accern's scale. They also assigned news headlines about the technology company an impact score of 44.51 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact 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 retail and institutional 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 $17.1750.
How big of a company is Iridium Communications?
Iridium Communications has a market capitalization of $1.90 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.