Iridium Communications Inc. is engaged in providing global satellite communications services and products. The Company offers mobile voice and data communications services through satellite, and provides communications services offering true global coverage. It provides services to businesses, the United States and foreign governments, non-governmental organizations and consumers through its satellite network, which has over 70 in-orbit satellites with in orbit spares and related ground infrastructure. As of December 31, 2016, the Company sold its products and services to customers through a wholesale distribution network of approximately 65 service providers, approximately 195 value-added resellers (VARs) and approximately 80 value-added manufacturers (VAMs). The Company's commercial end user base includes markets, such as emergency services, maritime, aviation, government, utilities, oil and gas, mining, recreation, forestry, heavy equipment, construction and transportation.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Satellite Service Operators
- Sub-Industry: Alternative Carriers
- Symbol: NASDAQ:IRDM
- CUSIP: 46269C10
- Web: www.iridium.com
Capitalization:- Market Cap: $1.05183 billion
- Outstanding Shares: 97,391,000
Average Prices:- 50 Day Moving Avg: $10.87
- 200 Day Moving Avg: $10.07
- 52 Week Range: $6.80 - $11.57
P/E:- Trailing P/E Ratio: 11.38
- Foreward P/E Ratio: 17.03
- P/E Growth: 1.25
Sales & Book Value:- Annual Revenue: $433.86 million
- Price / Sales: 2.45
- Book Value: $14.20 per share
- Price / Book: 0.77
Profitability:- EBIDTA: $224.47 million
- Net Margins: 27.76%
- Return on Equity: 9.04%
- Return on Assets: 3.50%
Debt:- Current Ratio: 4.95%
- Quick Ratio: 4.78%
Misc:- Average Volume: 829,467 shs.
- Beta: 1.71
- Short Ratio: 37.52
Frequently Asked Questions for Iridium Communications (NASDAQ:IRDM)
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 Thursday, April, 27th. The company reported $0.30 EPS for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.09. The business earned $104.40 million during the quarter, compared to analyst estimates of $105.25 million. Iridium Communications had a net margin of 27.76% and a return on equity of 9.04%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. View Iridium Communications' Earnings History.
Are investors shorting Iridium Communications?
Iridium Communications saw a increase in short interest in the month of June. As of June 30th, there was short interest totalling 25,531,109 shares, an increase of 3.4% from the June 15th total of 26,431,365 shares. Based on an average daily trading volume, of 889,261 shares, the days-to-cover ratio is presently 28.7 days. Approximately 31.1% of the shares of the company are short sold.
Who are some of Iridium Communications' key competitors?
Some companies that are related to Iridium Communications include WebMD Health Corp (WBMD), Yirendai (YRD), Changyou.com Limited (CYOU), DigitalGlobe (DGI), 3D Systems Corporation (DDD), Rogers Corporation (ROG), The Trade Desk (TTD), West Corporation (WSTC), Celestica (CLS), Cabot Microelectronics Corporation (CCMP), TrueCar (TRUE), Cogent Communications Holdings (CCOI), TTM Technologies (TTMI), Twilio (TWLO), The Descartes Systems Group (DSGX), Inovalon Holdings (INOV), Neustar (NSR) and Synaptics Incorporated (SYNA).
Who are Iridium Communications' key executives?
Iridium Communications' management team includes the folowing people:
- Robert H. Niehaus, Independent Chairman of the Board
- Matthew J. Desch, Chief Executive Officer, Director
- Thomas J. Fitzpatrick, Chief Financial Officer, Chief Administrative Officer, Director
- Donald Lee Thoma, Chief Executive Officer of Aireon LLC
- S. Scott Smith, Chief Operating Officer, Director
- Bryan J. Hartin, Executive Vice President - Sales and Marketing
- Scott T. Scheimreif, Executive Vice President - Government Programs
- Thomas D. Hickey, Chief Legal Officer, Secretary
- Thomas C. Canfield, Independent Director
- Jane L. Harman, Independent Director
Who owns Iridium Communications stock?
Iridium Communications' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Van Berkom & Associates Inc. (5.44%), James Investment Research Inc. (0.28%), US Bancorp DE (0.10%), Aperio Group LLC (0.05%), Financial & Investment Management Group Ltd. (0.05%) and Eqis Capital Management Inc. (0.05%). Company insiders that own Iridium Communications stock include A B Krongard, Barry West, Matthew J Desch and Thomas C Canfield. View Institutional Ownership Trends for Iridium Communications.
Who sold Iridium Communications stock? Who is selling Iridium Communications stock?
Iridium Communications' stock was sold by a variety of institutional investors in the last quarter, including Financial & Investment Management Group Ltd., James Investment Research Inc., Capstone Asset Management Co. and Capital One National Association. View Insider Buying and Selling for Iridium Communications.
Who bought Iridium Communications stock? Who is buying Iridium Communications stock?
Iridium Communications' stock was purchased by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Fox Run Management L.L.C., US Bancorp DE, State of Alaska Department of Revenue, Aperio Group LLC, Eqis Capital Management Inc. and Louisiana State Employees Retirement System. 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 Iridium Communications stock?
Shares of Iridium Communications can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Iridium Communications' stock price today?
One share of Iridium Communications stock can currently be purchased for approximately $10.90.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Iridium Communications (NASDAQ:IRDM) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 1 Buy Rating |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | N/A |
Analysts' Ratings History for Iridium Communications (NASDAQ:IRDM)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 12/4/2016 | Chardan Capital | Reiterated Rating | Hold | | N/A |  |
| 9/13/2016 | Macquarie | Reiterated Rating | Positive | | N/A | |
(Data available from 7/20/2015 forward)
Earnings History for Iridium Communications (NASDAQ:IRDM)Earnings History by Quarter for Iridium Communications (NASDAQ IRDM)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 4/27/2017 | Q1 2017 | $0.21 | $0.30 | $105.25 million | $104.40 million | View | N/A | |
| 2/23/2017 | Q416 | $0.20 | $0.19 | $107.84 million | $107.40 million | View | N/A | |
| 10/27/2016 | Q316 | $0.24 | $0.26 | $111.21 million | $112.80 million | View | Listen | |
| 7/28/2016 | Q216 | $0.25 | $0.22 | $107.34 million | $109.20 million | View | Listen | |
| 4/28/2016 | Q116 | $0.22 | $0.23 | $104.04 million | $104.20 million | View | Listen | |
| 2/25/2016 | Q415 | $0.17 | $0.14 | $104.63 million | $106.40 million | View | Listen | |
| 10/29/2015 | Q315 | $0.19 | $0.24 | $104.62 million | $106.00 million | View | Listen | |
| 7/30/2015 | Q215 | $0.19 | $0.21 | $102.45 million | $101.92 million | View | Listen | |
| 4/30/2015 | Q115 | $0.17 | $0.17 | $101.21 million | $97.00 million | View | Listen | |
| 2/26/2015 | Q414 | $0.13 | $0.19 | $99.33 million | $100.50 million | View | N/A | |
| 10/30/2014 | Q314 | $0.14 | $0.17 | $101.80 million | $107.50 million | View | N/A | |
| 7/31/2014 | Q214 | $0.16 | $0.14 | $98.28 million | $102.50 million | View | N/A | |
| 5/1/2014 | Q114 | $0.18 | $0.19 | $94.40 million | $98.00 million | View | Listen | |
| 2/27/2014 | Q413 | $0.21 | $0.18 | $99.36 million | $98.20 million | View | N/A | |
| 10/31/2013 | Q313 | $0.21 | $0.19 | $97.85 million | $100.60 million | View | N/A | |
| 8/1/2013 | Q2 2013 | $0.22 | $0.18 | $99.31 million | $94.70 million | View | N/A | |
| 5/2/2013 | Q1 2013 | $0.19 | $0.19 | $97.63 million | $89.19 million | View | N/A | |
| 2/28/2013 | Q4 2012 | $0.21 | $0.19 | $98.14 million | $92.30 million | View | N/A | |
| 11/1/2012 | Q312 | $0.25 | $0.23 | $104.42 million | | View | N/A | |
| 8/2/2012 | | $0.20 | $0.23 | | | View | N/A | |
| 5/3/2012 | | $0.15 | $0.16 | | | View | N/A | |
| 3/6/2012 | | $0.08 | $0.11 | | | View | N/A | |
| 1/25/2012 | | $0.09 | $0.53 | | | View | N/A | |
| 11/8/2011 | | $0.17 | $0.15 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Iridium Communications (NASDAQ:IRDM)2017 EPS Consensus Estimate: $0.93
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.20 | $0.20 | $0.20 |
| Q2 2017 | 1 | $0.24 | $0.24 | $0.24 |
| Q3 2017 | 1 | $0.26 | $0.26 | $0.26 |
| Q4 2017 | 1 | $0.23 | $0.23 | $0.23 |
(Data provided by Zacks Investment Research)
Dividend History for Iridium Communications (NASDAQ:IRDM)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Iridium Communications (NASDAQ:IRDM)Insider Ownership Percentage: 6.40%
Insider Trades by Quarter for Iridium Communications (NASDAQ:IRDM)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/10/2017 | A B Krongard | Director | Buy | 29,000 | $8.51 | $246,790.00 | |
| 3/6/2017 | Thomas C Canfield | Director | Buy | 7,483 | $8.14 | $60,911.62 | |
| 12/16/2016 | A B Krongard | Director | Buy | 50,000 | $9.95 | $497,500.00 | |
| 9/9/2016 | Matthew J Desch | CEO | Buy | 15,000 | $6.98 | $104,700.00 | |
| 9/7/2016 | Barry West | Director | Buy | 10,000 | $7.25 | $72,500.00 | |
| 3/1/2016 | Thomas C Canfield | Director | Buy | 5,000 | $6.95 | $34,750.00 | |
| 8/6/2013 | Matthew Desch | CEO | Buy | 15,000 | $7.12 | $106,800.00 | |
| 8/6/2013 | Thomas Canfield | Director | Buy | 10,000 | $7.10 | $71,000.00 | |
| 5/9/2013 | Greenhill & Co Inc | Director | Sell | 15,000 | $7.45 | $111,750.00 | |
| 5/7/2013 | Thomas C Canfield | Director | Buy | 10,000 | $7.23 | $72,300.00 | |
| 4/12/2013 | Greenhill & Co Inc | Director | Sell | 45,000 | $6.44 | $289,800.00 | |
| 3/14/2013 | Greenhill & Co Inc | Director | Sell | 30,000 | $6.32 | $189,600.00 | |
| 3/13/2013 | Thomas C Canfield | Director | Buy | 7,500 | $6.35 | $47,625.00 | |
| 2/6/2013 | Greenhill & Co Inc | Director | Sell | 45,000 | $6.96 | $313,200.00 | |
| 1/18/2013 | Greenhill & Co Inc | Director | Sell | 45,000 | $6.88 | $309,600.00 | |
| 12/21/2012 | Greenhill & Co Inc | Director | Sell | 15,000 | $5.69 | $85,350.00 | |
| 12/5/2012 | Greenhill & Co Inc | Director | Sell | 30,000 | $6.27 | $188,100.00 | |
| 11/29/2012 | Thomas C Canfield | Director | Buy | 5,000 | $6.12 | $30,600.00 | |
| 11/21/2012 | Ltd Baralonco | Major Shareholder | Buy | 5,800 | $5.70 | $33,060.00 | |
| 11/20/2012 | Ltd Baralonco | Major Shareholder | Buy | 6,600 | $5.61 | $37,026.00 | |
| 11/16/2012 | Ltd Baralonco | Major Shareholder | Buy | 6,100 | $5.49 | $33,489.00 | |
| 11/13/2012 | Thomas C Canfield | Director | Buy | 5,000 | $6.33 | $31,650.00 | |
| 11/7/2012 | Ltd Baralonco | Major Shareholder | Buy | 3,300 | $6.27 | $20,691.00 | |
| 11/6/2012 | Ltd Baralonco | Major Shareholder | Buy | 3,400 | $6.45 | $21,930.00 | |
| 11/6/2012 | Robert H Niehaus | Director | Buy | 30,000 | $6.45 | $193,500.00 | |
| 11/6/2012 | S. Scott Smith | EVP | Buy | 5,000 | $6.45 | $32,250.00 | |
| 10/4/2012 | Greenhill & Co Inc | Director | Sell | 30,000 | $7.49 | $224,700.00 | |
| 9/6/2012 | Greenhill & Co Inc | Director | Sell | 30,000 | $7.55 | $226,500.00 | |
| 8/10/2012 | Greenhill & Co Inc | Director | Sell | 30,000 | $7.33 | $219,900.00 | |
| 8/9/2012 | Richard P Nyren | VP | Buy | 2,000 | $7.26 | $14,520.00 | |
| 8/9/2012 | Thomas C Canfield | Director | Buy | 7,000 | $7.27 | $50,890.00 | |
| 8/8/2012 | Ltd Baralonco | Major Shareholder | Buy | 3,000 | $7.02 | $21,060.00 | |
| 8/7/2012 | A B Krongard | Director | Buy | 25,000 | $7.33 | $183,250.00 | |
| 8/7/2012 | Ltd Baralonco | Major Shareholder | Buy | 4,000 | $7.19 | $28,760.00 | |
| 8/7/2012 | Thomas Fitzpatrick | CFO | Buy | 10,000 | $7.08 | $70,800.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Iridium Communications (NASDAQ:IRDM)
Latest Headlines for Iridium Communications (NASDAQ:IRDM)
| Source: |
|
| Date | Headline |
|---|
 | ETFs with exposure to Iridium Communications, Inc. : July 14, 2017
finance.yahoo.com - July 15 at 2:27 AM |
| Iridium Poised to Make Global Maritime Distress and Safety System History
finance.yahoo.com - July 12 at 12:03 AM |
| Iridium Communications, Inc. – Value Analysis (NASDAQ:IRDM) : July 10, 2017
finance.yahoo.com - July 10 at 7:57 PM |
| Iridium Communications, Inc. breached its 50 day moving average in a Bearish Manner : IRDM-US : July 7, 2017
finance.yahoo.com - July 8 at 11:51 AM |
 | $109.23 Million in Sales Expected for Iridium Communications Inc (NASDAQ:IRDM) This Quarter
www.americanbankingnews.com - July 8 at 11:16 AM |
 | Iridium Announces Release Date for Second-Quarter 2017 Financial Results - GlobeNewswire (press release)
globenewswire.com - July 7 at 6:33 AM |
| Zacks: Brokerages Anticipate Iridium Communications Inc (NASDAQ:IRDM) to Announce $0.19 Earnings Per Share
www.americanbankingnews.com - July 6 at 8:40 AM |
| Iridium Communications Inc (NASDAQ:IRDM) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - July 1 at 5:38 PM |
 | The Futurist Scorecard: A Look At (Almost) Everything That Interests Elon Musk Besides Building Cars - Benzinga
www.benzinga.com - June 28 at 7:29 PM |
 | Iridium’s 'financial transformation' rests on $3B in satellites and a series of SpaceX launches
www.bizjournals.com - June 27 at 6:10 PM |
 | BUZZ-U.S. STOCKS ON THE MOVE-Pandora, Arconic, Grubhub ... - Nasdaq
www.nasdaq.com - June 27 at 5:55 AM |
| Noteworthy Monday Option Activity: IRDM, RAD, FDX
www.nasdaq.com - June 26 at 7:49 PM |
| Iridium says newly launched satellites are functioning well
finance.yahoo.com - June 26 at 7:49 PM |
 | Landmark launches for SpaceX: Two rockets in three days
www.marketwatch.com - June 26 at 4:42 AM |
| The Latest: SpaceX launches satellites from California base
finance.yahoo.com - June 25 at 11:42 PM |
| Successful Second Launch Doubles the Number of Iridium® NEXT Satellites in Space
finance.yahoo.com - June 25 at 11:42 PM |
| SpaceX launches 10 satellites from California air base
finance.yahoo.com - June 25 at 11:42 PM |
| Successful Second Launch Doubles the Number of Iridium® NEXT Satellites in Space - GlobeNewswire (press release)
globenewswire.com - June 25 at 6:40 PM |
| [$$] SpaceX Executes Back-to-Back Launches in Roughly 48 Hours
finance.yahoo.com - June 25 at 6:40 PM |
 | SpaceX preps for weekend launches - Seeking Alpha
seekingalpha.com - June 24 at 11:25 PM |
| Iridium Communications Inc (IRDM) Downgraded by BidaskClub to Hold
www.americanbankingnews.com - June 22 at 8:34 PM |
| Weekend Doubleheader: Elon Musk Plans Twin Launches Of Satellites For Iridium, Bulgaria - Benzinga
www.benzinga.com - June 21 at 3:41 PM |
| Weekend Doubleheader: Elon Musk Plans Twin Launches Of Satellites For Iridium, Bulgaria
finance.yahoo.com - June 21 at 3:41 PM |
| ETFs with exposure to Iridium Communications, Inc. : June 15, 2017
finance.yahoo.com - June 16 at 6:14 AM |
| Analysts Anticipate Iridium Communications Inc (IRDM) Will Post Quarterly Sales of $109.23 Million
www.americanbankingnews.com - June 14 at 2:34 PM |
| Iridium Communications Inc (IRDM) Rating Increased to Buy at BidaskClub
www.americanbankingnews.com - June 13 at 11:40 PM |
| Iridium Communications (IRDM) Presents At The William Blair 2017 Growth Stock Conference - Slideshow
seekingalpha.com - June 13 at 5:44 PM |
| Ligado Is Ready To Launch A New Mobile Network. Will The FCC Let Them?
finance.yahoo.com - June 12 at 6:33 PM |
| $0.19 EPS Expected for Iridium Communications Inc (IRDM) This Quarter
www.americanbankingnews.com - June 12 at 9:10 AM |
 | Firms see big bucks in upgrade of U.S. air traffic control system
www.reuters.com - June 9 at 9:32 AM |
| Iridium Communications Inc (IRDM) Short Interest Update
www.americanbankingnews.com - June 9 at 7:40 AM |
| Iridium to Present at William Blair Growth Stock Conference
feeds.benzinga.com - May 31 at 4:34 PM |
| Iridium Communications, Inc. breached its 50 day moving average in a Bullish Manner : IRDM-US : May 29, 2017
finance.yahoo.com - May 29 at 9:29 AM |
| New Target Date for Second Iridium® NEXT Launch
finance.yahoo.com - May 26 at 2:29 AM |
| Iridium® Makes it Easier to Extend the Internet of Things (IoT) Beyond Cellular Limits
finance.yahoo.com - May 24 at 11:27 AM |
| Analysts Anticipate Iridium Communications Inc (IRDM) Will Post Earnings of $0.19 Per Share
www.americanbankingnews.com - May 15 at 4:20 PM |
| ETFs with exposure to Iridium Communications, Inc. : May 12, 2017
finance.yahoo.com - May 12 at 8:36 PM |
| Iridium Communications (IRDM) Getting Positive News Coverage, Report Shows
www.americanbankingnews.com - May 3 at 9:40 PM |
| Iridium Communications Inc (IRDM) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - May 2 at 12:40 AM |
| ETFs with exposure to Iridium Communications, Inc. : May 1, 2017
finance.yahoo.com - May 1 at 6:16 PM |
| Iridium Communications Inc (IRDM) Expected to Post Q2 2017 Earnings of $0.24 Per Share
www.americanbankingnews.com - May 1 at 8:10 AM |
| Iridium Communications (IRDM) Earns Daily Media Impact Rating of 0.06
www.americanbankingnews.com - April 30 at 4:11 PM |
| Iridium Communications Inc (IRDM) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 29 at 1:14 AM |
| FY2018 EPS Estimates for Iridium Communications Inc (IRDM) Boosted by Analyst
www.americanbankingnews.com - April 28 at 11:34 PM |
| Edited Transcript of IRDM earnings conference call or presentation 27-Apr-17 12:30pm GMT
finance.yahoo.com - April 28 at 6:55 PM |
| Iridium Communications, Inc. :IRDM-US: Earnings Analysis: Q1, 2017 By the Numbers : April 28, 2017
finance.yahoo.com - April 28 at 6:55 PM |
| Iridium Communications Inc. Q1 Earnings Rise 38%
www.nasdaq.com - April 27 at 6:33 PM |
| Iridium beats 1Q profit forecasts
finance.yahoo.com - April 27 at 6:33 PM |
| Somewhat Favorable Media Coverage Very Likely to Impact Iridium Communications (IRDM) Stock Price
www.americanbankingnews.com - April 27 at 4:32 PM |
| Iridium Communications Inc (IRDM) Announces Earnings Results
www.americanbankingnews.com - April 27 at 4:10 PM |
Iridium Communications (IRDM) Chart for Thursday, July, 20, 2017
