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NASDAQ:IRDMIridium Communications Stock Price, Forecast & News

$23.00
-0.11 (-0.48 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$22.46
Now: $23.00
$23.08
50-Day Range
$20.55
MA: $22.48
$24.29
52-Week Range
$16.87
Now: $23.00
$32.08
Volume677,098 shs
Average Volume661,223 shs
Market Capitalization$3.04 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.45
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.45 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$560.44 million
Cash Flow$1.84 per share
Book Value$10.69 per share

Profitability

Net Income$-162,000,000.00

Miscellaneous

Employees469
Market Cap$3.04 billion
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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Iridium Communications (NASDAQ:IRDM) Frequently Asked Questions

How has Iridium Communications' stock been impacted by COVID-19 (Coronavirus)?

Iridium Communications' stock was trading at $23.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IRDM shares have decreased by 0.1% and is now trading at $23.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Iridium Communications?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Iridium Communications.

When is Iridium Communications' next earnings date?

Iridium Communications is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Iridium Communications.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc (NASDAQ:IRDM) posted its quarterly earnings results on Tuesday, April, 28th. The technology company reported ($0.24) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.13) by $0.11. The technology company earned $145.30 million during the quarter, compared to analysts' expectations of $141.54 million. Iridium Communications had a negative net margin of 30.71% and a negative return on equity of 4.24%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) EPS. View Iridium Communications' earnings history.

What price target have analysts set for IRDM?

5 brokers have issued 12-month price targets for Iridium Communications' stock. Their forecasts range from $28.00 to $33.00. On average, they anticipate Iridium Communications' stock price to reach $30.50 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price. View analysts' price targets for Iridium Communications.

Has Iridium Communications been receiving favorable news coverage?

Media stories about IRDM stock have trended very negative this week, according to InfoTrie. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Iridium Communications earned a daily sentiment score of -3.5 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutIridium Communications.

Are investors shorting Iridium Communications?

Iridium Communications saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,110,000 shares, an increase of 9.2% from the April 30th total of 7,430,000 shares. Based on an average daily volume of 983,600 shares, the days-to-cover ratio is currently 8.2 days. Approximately 7.0% of the company's shares are sold short. View Iridium Communications' Current Options Chain.

Who are some of Iridium Communications' key competitors?

Some companies that are related to Iridium Communications include Cogent Communications (CCOI), Vonage (VG), 8X8 (EGHT), ORBCOMM (ORBC) and Towerstream (TWER). View all 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), Verizon Communications (VZ), Micron Technology (MU), Square (SQ), Bank of America (BAC), General Electric (GE), Cisco Systems (CSCO), Roku (ROKU) and Plug Power (PLUG).

Who are Iridium Communications' key executives?

Iridium Communications' management team includes the following 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)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.13%), Capital International Investors (3.63%), Van Berkom & Associates Inc. (3.44%), Invesco Ltd. (2.73%), State Street Corp (2.73%) and Silver Heights Capital Management Inc (1.76%). Company insiders that own Iridium Communications stock include Bryan J Hartin, Matthew J Desch, Parker William Rush, S Scott Smith, 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 BlackRock Inc., Invesco Ltd., KBC Group NV, Pinnacle Associates Ltd., Morgan Stanley, Morgan Stanley, Silver Heights Capital Management Inc, and KLS Diversified Asset Management LP. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Matthew J Desch, Steven B Pfeiffer, and Timothy Kapalka. View insider buying and selling activity 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 Capital International Investors, Nikko Asset Management Americas Inc., Nikko Asset Management Americas Inc., Sumitomo Mitsui Trust Holdings Inc., Clearbridge Investments LLC, State Street Corp, Nuveen Asset Management LLC, and Van Berkom & Associates Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $23.00.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $3.04 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 469 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 5/31/2020 by MarketBeat.com Staff

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