Iridium Communications Company Profile (NASDAQ:IRDM)

About Iridium Communications (NASDAQ:IRDM)

Iridium Communications logoIridium 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:
  • 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
  • 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
  • EBIDTA: $224.47 million
  • Net Margins: 27.76%
  • Return on Equity: 9.04%
  • Return on Assets: 3.50%
  • Current Ratio: 4.95%
  • Quick Ratio: 4.78%
  • 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?

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)
Community Ranking:  2.5 out of 5 (  )
Outperform Votes:  83 (Vote Outperform)
Underperform Votes:  80 (Vote Underperform)
Total Votes:  163
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.

Analyst Ratings

Consensus Ratings for Iridium Communications (NASDAQ:IRDM) (How are Consensus Ratings Calculated?)
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)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
12/4/2016Chardan CapitalReiterated RatingHoldN/AView Rating Details
9/13/2016MacquarieReiterated RatingPositiveN/AView Rating Details
(Data available from 7/20/2015 forward)


Earnings History for Iridium Communications (NASDAQ:IRDM)
Earnings by Quarter for Iridium Communications (NASDAQ:IRDM)
Earnings History by Quarter for Iridium Communications (NASDAQ IRDM)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/27/2017Q1 2017$0.21$0.30$105.25 million$104.40 millionViewN/AView Earnings Details
2/23/2017Q416$0.20$0.19$107.84 million$107.40 millionViewN/AView Earnings Details
10/27/2016Q316$0.24$0.26$111.21 million$112.80 millionViewListenView Earnings Details
7/28/2016Q216$0.25$0.22$107.34 million$109.20 millionViewListenView Earnings Details
4/28/2016Q116$0.22$0.23$104.04 million$104.20 millionViewListenView Earnings Details
2/25/2016Q415$0.17$0.14$104.63 million$106.40 millionViewListenView Earnings Details
10/29/2015Q315$0.19$0.24$104.62 million$106.00 millionViewListenView Earnings Details
7/30/2015Q215$0.19$0.21$102.45 million$101.92 millionViewListenView Earnings Details
4/30/2015Q115$0.17$0.17$101.21 million$97.00 millionViewListenView Earnings Details
2/26/2015Q414$0.13$0.19$99.33 million$100.50 millionViewN/AView Earnings Details
10/30/2014Q314$0.14$0.17$101.80 million$107.50 millionViewN/AView Earnings Details
7/31/2014Q214$0.16$0.14$98.28 million$102.50 millionViewN/AView Earnings Details
5/1/2014Q114$0.18$0.19$94.40 million$98.00 millionViewListenView Earnings Details
2/27/2014Q413$0.21$0.18$99.36 million$98.20 millionViewN/AView Earnings Details
10/31/2013Q313$0.21$0.19$97.85 million$100.60 millionViewN/AView Earnings Details
8/1/2013Q2 2013$0.22$0.18$99.31 million$94.70 millionViewN/AView Earnings Details
5/2/2013Q1 2013$0.19$0.19$97.63 million$89.19 millionViewN/AView Earnings Details
2/28/2013Q4 2012$0.21$0.19$98.14 million$92.30 millionViewN/AView Earnings Details
11/1/2012Q312$0.25$0.23$104.42 millionViewN/AView Earnings Details
8/2/2012$0.20$0.23ViewN/AView Earnings Details
5/3/2012$0.15$0.16ViewN/AView Earnings Details
3/6/2012$0.08$0.11ViewN/AView Earnings Details
1/25/2012$0.09$0.53ViewN/AView Earnings Details
11/8/2011$0.17$0.15ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Iridium Communications (NASDAQ:IRDM)
2017 EPS Consensus Estimate: $0.93
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.20$0.20$0.20
Q2 20171$0.24$0.24$0.24
Q3 20171$0.26$0.26$0.26
Q4 20171$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

Insider Trades

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)
Institutional Ownership by Quarter for Iridium Communications (NASDAQ:IRDM)
Insider Trades by Quarter for Iridium Communications (NASDAQ:IRDM)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/10/2017A B KrongardDirectorBuy29,000$8.51$246,790.00View SEC Filing  
3/6/2017Thomas C CanfieldDirectorBuy7,483$8.14$60,911.62View SEC Filing  
12/16/2016A B KrongardDirectorBuy50,000$9.95$497,500.00View SEC Filing  
9/9/2016Matthew J DeschCEOBuy15,000$6.98$104,700.00View SEC Filing  
9/7/2016Barry WestDirectorBuy10,000$7.25$72,500.00View SEC Filing  
3/1/2016Thomas C CanfieldDirectorBuy5,000$6.95$34,750.00View SEC Filing  
8/6/2013Matthew DeschCEOBuy15,000$7.12$106,800.00View SEC Filing  
8/6/2013Thomas CanfieldDirectorBuy10,000$7.10$71,000.00View SEC Filing  
5/9/2013Greenhill & Co IncDirectorSell15,000$7.45$111,750.00View SEC Filing  
5/7/2013Thomas C CanfieldDirectorBuy10,000$7.23$72,300.00View SEC Filing  
4/12/2013Greenhill & Co IncDirectorSell45,000$6.44$289,800.00View SEC Filing  
3/14/2013Greenhill & Co IncDirectorSell30,000$6.32$189,600.00View SEC Filing  
3/13/2013Thomas C CanfieldDirectorBuy7,500$6.35$47,625.00View SEC Filing  
2/6/2013Greenhill & Co IncDirectorSell45,000$6.96$313,200.00View SEC Filing  
1/18/2013Greenhill & Co IncDirectorSell45,000$6.88$309,600.00View SEC Filing  
12/21/2012Greenhill & Co IncDirectorSell15,000$5.69$85,350.00View SEC Filing  
12/5/2012Greenhill & Co IncDirectorSell30,000$6.27$188,100.00View SEC Filing  
11/29/2012Thomas C CanfieldDirectorBuy5,000$6.12$30,600.00View SEC Filing  
11/21/2012Ltd BaraloncoMajor ShareholderBuy5,800$5.70$33,060.00View SEC Filing  
11/20/2012Ltd BaraloncoMajor ShareholderBuy6,600$5.61$37,026.00View SEC Filing  
11/16/2012Ltd BaraloncoMajor ShareholderBuy6,100$5.49$33,489.00View SEC Filing  
11/13/2012Thomas C CanfieldDirectorBuy5,000$6.33$31,650.00View SEC Filing  
11/7/2012Ltd BaraloncoMajor ShareholderBuy3,300$6.27$20,691.00View SEC Filing  
11/6/2012Ltd BaraloncoMajor ShareholderBuy3,400$6.45$21,930.00View SEC Filing  
11/6/2012Robert H NiehausDirectorBuy30,000$6.45$193,500.00View SEC Filing  
11/6/2012S. Scott SmithEVPBuy5,000$6.45$32,250.00View SEC Filing  
10/4/2012Greenhill & Co IncDirectorSell30,000$7.49$224,700.00View SEC Filing  
9/6/2012Greenhill & Co IncDirectorSell30,000$7.55$226,500.00View SEC Filing  
8/10/2012Greenhill & Co IncDirectorSell30,000$7.33$219,900.00View SEC Filing  
8/9/2012Richard P NyrenVPBuy2,000$7.26$14,520.00View SEC Filing  
8/9/2012Thomas C CanfieldDirectorBuy7,000$7.27$50,890.00View SEC Filing  
8/8/2012Ltd BaraloncoMajor ShareholderBuy3,000$7.02$21,060.00View SEC Filing  
8/7/2012A B KrongardDirectorBuy25,000$7.33$183,250.00View SEC Filing  
8/7/2012Ltd BaraloncoMajor ShareholderBuy4,000$7.19$28,760.00View SEC Filing  
8/7/2012Thomas FitzpatrickCFOBuy10,000$7.08$70,800.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Iridium Communications (NASDAQ:IRDM)
Latest Headlines for Iridium Communications (NASDAQ:IRDM)
DateHeadline logoETFs with exposure to Iridium Communications, Inc. : July 14, 2017 - July 15 at 2:27 AM logoIridium Poised to Make Global Maritime Distress and Safety System History - July 12 at 12:03 AM logoIridium Communications, Inc. – Value Analysis (NASDAQ:IRDM) : July 10, 2017 - July 10 at 7:57 PM logoIridium Communications, Inc. breached its 50 day moving average in a Bearish Manner : IRDM-US : July 7, 2017 - July 8 at 11:51 AM logo$109.23 Million in Sales Expected for Iridium Communications Inc (NASDAQ:IRDM) This Quarter - July 8 at 11:16 AM logoIridium Announces Release Date for Second-Quarter 2017 Financial Results - GlobeNewswire (press release) - July 7 at 6:33 AM logoZacks: Brokerages Anticipate Iridium Communications Inc (NASDAQ:IRDM) to Announce $0.19 Earnings Per Share - July 6 at 8:40 AM logoIridium Communications Inc (NASDAQ:IRDM) Stock Rating Upgraded by BidaskClub - July 1 at 5:38 PM logoThe Futurist Scorecard: A Look At (Almost) Everything That Interests Elon Musk Besides Building Cars - Benzinga - June 28 at 7:29 PM logoIridium’s 'financial transformation' rests on $3B in satellites and a series of SpaceX launches - June 27 at 6:10 PM logoBUZZ-U.S. STOCKS ON THE MOVE-Pandora, Arconic, Grubhub ... - Nasdaq - June 27 at 5:55 AM logoNoteworthy Monday Option Activity: IRDM, RAD, FDX - June 26 at 7:49 PM logoIridium says newly launched satellites are functioning well - June 26 at 7:49 PM logoLandmark launches for SpaceX: Two rockets in three days - June 26 at 4:42 AM logoThe Latest: SpaceX launches satellites from California base - June 25 at 11:42 PM logoSuccessful Second Launch Doubles the Number of Iridium® NEXT Satellites in Space - June 25 at 11:42 PM logoSpaceX launches 10 satellites from California air base - June 25 at 11:42 PM logoSuccessful Second Launch Doubles the Number of Iridium® NEXT Satellites in Space - GlobeNewswire (press release) - June 25 at 6:40 PM logo[$$] SpaceX Executes Back-to-Back Launches in Roughly 48 Hours - June 25 at 6:40 PM logoSpaceX preps for weekend launches - Seeking Alpha - June 24 at 11:25 PM logoIridium Communications Inc (IRDM) Downgraded by BidaskClub to Hold - June 22 at 8:34 PM logoWeekend Doubleheader: Elon Musk Plans Twin Launches Of Satellites For Iridium, Bulgaria - Benzinga - June 21 at 3:41 PM logoWeekend Doubleheader: Elon Musk Plans Twin Launches Of Satellites For Iridium, Bulgaria - June 21 at 3:41 PM logoETFs with exposure to Iridium Communications, Inc. : June 15, 2017 - June 16 at 6:14 AM logo Analysts Anticipate Iridium Communications Inc (IRDM) Will Post Quarterly Sales of $109.23 Million - June 14 at 2:34 PM logoIridium Communications Inc (IRDM) Rating Increased to Buy at BidaskClub - June 13 at 11:40 PM logoIridium Communications (IRDM) Presents At The William Blair 2017 Growth Stock Conference - Slideshow - June 13 at 5:44 PM logoLigado Is Ready To Launch A New Mobile Network. Will The FCC Let Them? - June 12 at 6:33 PM logo$0.19 EPS Expected for Iridium Communications Inc (IRDM) This Quarter - June 12 at 9:10 AM logoFirms see big bucks in upgrade of U.S. air traffic control system - June 9 at 9:32 AM logoIridium Communications Inc (IRDM) Short Interest Update - June 9 at 7:40 AM logoIridium to Present at William Blair Growth Stock Conference - May 31 at 4:34 PM logoIridium Communications, Inc. breached its 50 day moving average in a Bullish Manner : IRDM-US : May 29, 2017 - May 29 at 9:29 AM logoNew Target Date for Second Iridium® NEXT Launch - May 26 at 2:29 AM logoIridium® Makes it Easier to Extend the Internet of Things (IoT) Beyond Cellular Limits - May 24 at 11:27 AM logo Analysts Anticipate Iridium Communications Inc (IRDM) Will Post Earnings of $0.19 Per Share - May 15 at 4:20 PM logoETFs with exposure to Iridium Communications, Inc. : May 12, 2017 - May 12 at 8:36 PM logoIridium Communications (IRDM) Getting Positive News Coverage, Report Shows - May 3 at 9:40 PM logoIridium Communications Inc (IRDM) Lowered to Hold at Zacks Investment Research - May 2 at 12:40 AM logoETFs with exposure to Iridium Communications, Inc. : May 1, 2017 - May 1 at 6:16 PM logoIridium Communications Inc (IRDM) Expected to Post Q2 2017 Earnings of $0.24 Per Share - May 1 at 8:10 AM logoIridium Communications (IRDM) Earns Daily Media Impact Rating of 0.06 - April 30 at 4:11 PM logoIridium Communications Inc (IRDM) Stock Rating Upgraded by Zacks Investment Research - April 29 at 1:14 AM logoFY2018 EPS Estimates for Iridium Communications Inc (IRDM) Boosted by Analyst - April 28 at 11:34 PM logoEdited Transcript of IRDM earnings conference call or presentation 27-Apr-17 12:30pm GMT - April 28 at 6:55 PM logoIridium Communications, Inc. :IRDM-US: Earnings Analysis: Q1, 2017 By the Numbers : April 28, 2017 - April 28 at 6:55 PM logoIridium Communications Inc. Q1 Earnings Rise 38% - April 27 at 6:33 PM logoIridium beats 1Q profit forecasts - April 27 at 6:33 PM logoSomewhat Favorable Media Coverage Very Likely to Impact Iridium Communications (IRDM) Stock Price - April 27 at 4:32 PM logoIridium Communications Inc (IRDM) Announces Earnings Results - April 27 at 4:10 PM



Iridium Communications (IRDM) Chart for Thursday, July, 20, 2017

This page was last updated on 7/20/2017 by Staff