NASDAQ:IRDM - Iridium Communications Stock Price, News & Analysis

$23.11
+0.08 (+0.35 %)
(As of 08/21/2019 01:26 AM ET)
Today's Range
$22.66
Now: $23.11
$23.25
50-Day Range
$21.54
MA: $23.97
$26.53
52-Week Range
$16.64
Now: $23.11
$28.24
Volume634,279 shs
Average Volume914,967 shs
Market Capitalization$3.02 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.12
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$523.01 million
Cash Flow$2.0726 per share
Book Value$14.39 per share

Profitability

Net Income$-13,380,000.00

Miscellaneous

Employees469
Market Cap$3.02 billion
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable

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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 earnings results on Tuesday, July, 23rd. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.02. The technology company had revenue of $143.10 million for the quarter, compared to analysts' expectations of $132.92 million. Iridium Communications had a negative return on equity of 3.56% and a negative net margin of 10.37%. The firm's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. View Iridium Communications' Earnings History.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Iridium Communications.

What price target have analysts set for IRDM?

4 Wall Street analysts have issued 1 year target prices for Iridium Communications' shares. Their predictions range from $14.00 to $30.00. On average, they expect Iridium Communications' stock price to reach $23.3333 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price. 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 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Iridium Communications.

What are Wall Street analysts saying about Iridium Communications stock?

Here are some recent quotes from research analysts about Iridium Communications stock:
  • 1. According to Zacks Investment Research, "Iridium Communications Inc., formerly GHL Acquisition Corp., is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering 100% global coverage. Iridium offers voice and data communications services to the U.S. and foreign governments, businesses, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, seven in-orbit spares and related ground infrastructure. Iridium's commercial end-user base includes the emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation markets. Iridium's products and related applications are installed in unmanned aerial vehicles, helicopters, commercial aircrafts, marine vessels, and ground vehicles. " (7/27/2019)
  • 2. Northland Securities analysts commented, "We continue to believe there is still an ample amount of investor uncertainty on what each respective satellite company can or cannot do. Said another way and through our many investor / media conversations, there appears to be a lingering confusion on the difference between L- band (IRDM) and Ka (ISAT / VSAT / SES / I). As a result and for IRDM, we believe investors are mostly caught up in the early / hype / top of the cycle stage and incorrectly grouping IRDM with other true broadband / HTS Ku satellite providers. In reality and as reaffirmed with many VAR channel check calls, we believe IRDM’s Certus “Broadband” product suite is far from innovative and will be nothing more than a back-up / low ARPU service in an increasingly shrinking L-Band marketplace." (3/20/2019)

Has Iridium Communications been receiving favorable news coverage?

Media stories about IRDM stock have been trending positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Iridium Communications earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company's share price in the next several days. View News Stories for Iridium Communications.

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 Micron Technology (MU), Verizon Communications (VZ), Advanced Micro Devices (AMD), Plug Power (PLUG), Inmarsat (ISAT), NVIDIA (NVDA), Boeing (BA), Cisco Systems (CSCO), Square (SQ) and AT&T (T).

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the folowing people:
  • Mr. Matthew J. Desch, CEO & Director (Age 61)
  • Mr. Thomas J. Fitzpatrick, Chief Admin. Officer, CFO & Director (Age 61)
  • Mr. Thomas D. Hickey, Chief Legal Officer & Sec. (Age 59)
  • Mr. Bryan J. Hartin, Exec. VP of Sales & Marketing (Age 55)
  • Ms. Suzanne E. McBride, Chief Operating Officer (Age 50)

Who are Iridium Communications' major shareholders?

Iridium Communications' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.00%), Bamco Inc. NY (8.86%), Vanguard Group Inc. (7.79%), Invesco Ltd. (3.23%), Silver Heights Capital Management Inc (2.29%) and Renaissance Technologies LLC (1.93%). Company insiders that own Iridium Communications stock include A B Krongard, Bryan J Hartin, Matthew J Desch, Parker William Rush, S Scott Smith, Thomas C Canfield, Thomas D Hickey and Thomas Fitzpatrick. 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 Price T Rowe Associates Inc. MD, Bank of New York Mellon Corp, Renaissance Technologies LLC, Bank of Montreal Can, KLS Diversified Asset Management LP, Pinnacle Associates Ltd., California Public Employees Retirement System and Wells Fargo & Company MN. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Matthew J Desch, S Scott Smith, Thomas D Hickey and Thomas Fitzpatrick. View Insider Buying and Selling for Iridium Communications.

Which institutional investors are buying Iridium Communications stock?

IRDM stock was purchased by a variety of institutional investors in the last quarter, including Bamco Inc. NY, Invesco Ltd., Nuveen Asset Management LLC, Dudley & Shanley Inc., Morgan Stanley, D. E. Shaw & Co. Inc., BlackRock Inc. and Amundi Pioneer Asset Management Inc.. Company insiders that have bought Iridium Communications stock in the last two years include A B Krongard and Parker William Rush. 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 $23.11.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $3.02 billion and generates $523.01 million in revenue each year. The technology company earns $-13,380,000.00 in net income (profit) each year or ($0.14) on an earnings per share basis. Iridium Communications employs 469 workers across the globe.View Additional Information About Iridium Communications.

What is Iridium Communications' official website?

The official website for Iridium Communications is http://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]


MarketBeat Community Rating for Iridium Communications (NASDAQ IRDM)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  381 (Vote Outperform)
Underperform Votes:  460 (Vote Underperform)
Total Votes:  841
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.
This page was last updated on 8/21/2019 by MarketBeat.com Staff

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