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

$26.95
-0.55 (-2.00 %)
(As of 01/19/2020 04:00 PM ET)
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Today's Range
$26.74
Now: $26.95▼
$27.79
50-Day Range
$23.21
MA: $24.57▼
$27.51
52-Week Range
$17.91
Now: $26.95▼
$28.24
Volume621,215 shs
Average Volume545,044 shs
Market Capitalization$3.53 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.05
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

Stock Exchange NASDAQ
Industry Communications equipment, not elsewhere classified
Sub-IndustryAlternative Carriers
SectorComputer and Technology
Current SymbolNASDAQ:IRDM
Previous Symbol
CUSIP46269C10
CIK1418819
Webhttp://www.iridium.com/
Phone703-287-7400

Debt

Debt-to-Equity Ratio1.05
Current Ratio0.91
Quick Ratio0.79

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$523.01 million
Price / Sales6.75
Cash Flow$1.96 per share
Price / Cash Flow13.73
Book Value$14.39 per share
Price / Book1.87

Profitability

EPS (Most Recent Fiscal Year)($0.14)
Net Income$-13,380,000.00
Net Margins-11.15%
Return on Equity-3.91%
Return on Assets-1.56%

Miscellaneous

Employees469
Outstanding Shares131,090,000
Market Cap$3.53 billion
Next Earnings Date2/27/2020 (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) announced its quarterly earnings results on Tuesday, October, 29th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.13) by $0.01. The technology company earned $144.80 million during the quarter, compared to the consensus estimate of $142.05 million. Iridium Communications had a negative net margin of 11.15% and a negative return on equity of 3.91%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.13) EPS. 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, February 27th 2020. View Earnings Estimates for Iridium Communications.

What price target have analysts set for IRDM?

6 brokers have issued twelve-month target prices for Iridium Communications' shares. Their forecasts range from $14.00 to $33.00. On average, they anticipate Iridium Communications' stock price to reach $27.00 in the next year. This suggests a possible upside of 0.2% from the stock's current price. View Analyst Price Targets for Iridium Communications.

What is the consensus analysts' recommendation for Iridium Communications?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 1 sell rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (11/1/2019)
  • 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?

News articles about IRDM stock have trended positive this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Iridium Communications earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Iridium Communications.

Are investors shorting Iridium Communications?

Iridium Communications saw a increase in short interest in December. As of December 13th, there was short interest totalling 9,730,000 shares, an increase of 6.0% from the November 28th total of 9,180,000 shares. Based on an average daily volume of 750,000 shares, the short-interest ratio is currently 13.0 days. Currently, 8.5% of the shares of the company 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), 8X8 (EGHT), Vonage (VG), ORBCOMM (ORBC) and Towerstream (TWER).

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), NVIDIA (NVDA), Verizon Communications (VZ), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Boeing (BA), Plug Power (PLUG), Bank of America (BAC), General Electric (GE) and Corbus Pharmaceuticals (CRBP).

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 variety of of retail and institutional investors. Top institutional shareholders include Dudley & Shanley Inc. (0.87%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.03%), Assenagon Asset Management S.A. (0.01%), Raymond James Trust N.A. (0.01%) and New England Research & Management Inc. (0.01%). 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 Louisiana State Employees Retirement System, Raymond James Trust N.A. and State of Alaska Department of Revenue. Company insiders that have sold Iridium Communications company stock in the last year include Bryan J Hartin, Matthew J Desch, S Scott Smith, Steven B Pfeiffer, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka. View Insider Buying and Selling for Iridium Communications.

Which institutional investors are buying Iridium Communications stock?

IRDM stock was bought by a variety of institutional investors in the last quarter, including Dudley & Shanley Inc., Assenagon Asset Management S.A., New England Research & Management Inc. and Nisa Investment Advisors LLC. 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, Robinhood, Fidelity and Charles Schwab.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $26.95.

How big of a company is Iridium Communications?

Iridium Communications has a market capitalization of $3.53 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:  2.1 out of 5 (star star)
Outperform Votes:  417 (Vote Outperform)
Underperform Votes:  563 (Vote Underperform)
Total Votes:  980
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 1/19/2020 by MarketBeat.com Staff

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