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NASDAQ:IRDM

Iridium Communications - IRDM Stock Forecast, Price & News

$49.33
-0.35 (-0.70%)
(As of 12/7/2022 12:00 AM ET)
Add
Compare
Today's Range
$48.74
$49.96
50-Day Range
$44.37
$53.10
52-Week Range
$31.73
$53.61
Volume
550,923 shs
Average Volume
688,315 shs
Market Capitalization
$6.20 billion
P/E Ratio
1,233.56
Dividend Yield
N/A
Price Target
$53.25

Iridium Communications MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
7.9% Upside
$53.25 Price Target
Short Interest
Bearish
5.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.59
Upright™ Environmental Score
News Sentiment
-0.69mentions of Iridium Communications in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.67 M Sold Last Quarter
Proj. Earnings Growth
-12.50%
From $0.08 to $0.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.18 out of 5 stars

Computer And Technology Sector

609th out of 625 stocks

Communications Equipment, Not Elsewhere Classified Industry

12th out of 12 stocks

IRDM stock logo

About Iridium Communications (NASDAQ:IRDM) Stock

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international 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 hosted payload and other data services, such as satellite time and location services, and 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; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government'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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IRDM Stock News Headlines

Expert Ratings for Iridium Comms
Iridium Boosts FY22 Service Revenue Growth Outlook - Update
Barclays Downgrades Iridium Comms: Here's What You Need To Know
Iridium Communications Inc IRDM Stock Quote
Iridium Announces Operation Pacific Waves
Iridium Inches up on Deal with SpaceX
Iridium Announces Ninth SpaceX Launch
See More Headlines
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IRDM Company Calendar

Last Earnings
10/20/2022
Today
12/07/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/16/2023

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:IRDM
CUSIP
46269C10
Employees
537
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$53.25
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$44.00
Forecasted Upside/Downside
+7.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-9,320,000.00
Pretax Margin
0.75%

Debt

Sales & Book Value

Annual Sales
$614.50 million
Cash Flow
$2.21 per share
Book Value
$9.74 per share

Miscellaneous

Free Float
122,502,000
Market Cap
$6.20 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • Mr. Matthew J. DeschMr. Matthew J. Desch (Age 64)
    CEO & Director
    Comp: $1.69M
  • Mr. Thomas J. FitzpatrickMr. Thomas J. Fitzpatrick (Age 64)
    CFO, Chief Admin. Officer & Director
    Comp: $963.73k
  • Ms. Suzanne E. McBrideMs. Suzanne E. McBride (Age 53)
    COO & Director
    Comp: $714.29k
  • Mr. Bryan J. HartinMr. Bryan J. Hartin (Age 58)
    Exec. VP of Sales & Marketing
    Comp: $596.45k
  • Mr. Scott T. ScheimreifMr. Scott T. Scheimreif (Age 53)
    Exec. VP of Gov. Programs
    Comp: $580.32k
  • Mr. Gregory Pelton
    Chief Technical Officer
  • Ms. Manjula Sriram
    VP & Chief Information Officer
  • Mr. Kenneth B. Levy
    VP of Investor Relations
  • Ms. Kathleen A. MorganMs. Kathleen A. Morgan
    Chief Legal Officer & Company Sec.
  • Mr. Donald L. Thoma (Age 60)
    Pres & CEO of Aireon LLC













IRDM Stock - Frequently Asked Questions

Should I buy or sell Iridium Communications stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iridium Communications in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IRDM shares.
View IRDM analyst ratings
or view top-rated stocks.

What is Iridium Communications' stock price forecast for 2023?

4 brokers have issued 1 year price objectives for Iridium Communications' stock. Their IRDM share price forecasts range from $44.00 to $64.00. On average, they expect the company's share price to reach $53.25 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for IRDM
or view top-rated stocks among Wall Street analysts.

How have IRDM shares performed in 2022?

Iridium Communications' stock was trading at $41.29 at the beginning of the year. Since then, IRDM shares have increased by 19.3% and is now trading at $49.24.
View the best growth stocks for 2022 here
.

When is Iridium Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our IRDM earnings forecast
.

How were Iridium Communications' earnings last quarter?

Iridium Communications Inc. (NASDAQ:IRDM) released its quarterly earnings data on Thursday, October, 20th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.02. The technology company had revenue of $184.04 million for the quarter, compared to analysts' expectations of $180.91 million. Iridium Communications had a net margin of 0.53% and a trailing twelve-month return on equity of 0.30%. The company's quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share.

How will Iridium Communications' stock buyback program work?

Iridium Communications declared that its Board of Directors has approved a stock buyback program on Tuesday, April 19th 2022, which allows the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its stock is undervalued.

What is Matt Desch's approval rating as Iridium Communications' CEO?

48 employees have rated Iridium Communications Chief Executive Officer Matt Desch on Glassdoor.com. Matt Desch has an approval rating of 70% among the company's employees.

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), Cisco Systems (CSCO), Micron Technology (MU), Verizon Communications (VZ), Block (SQ), Bank of America (BAC), AT&T (T), General Electric (GE) and Boeing (BA).

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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.87%), Vanguard Group Inc. (10.17%), State Street Corp (4.08%), Dimensional Fund Advisors LP (1.96%), ARK Investment Management LLC (1.39%) and Bank of New York Mellon Corp (1.09%). Insiders that own company stock include A B Krongard, Barry West, Bryan J Hartin, Henrik O Schliemann, Kathleen A Morgan, Leon Anthony Frazier, Matthew J Desch, Parker William Rush, Robert H Niehaus, Robert H Niehaus, Scott Scheimreif, Steven B Pfeiffer, Suzanne E Mcbride, Suzanne E Mcbride, Thomas C Canfield, Thomas D Hickey, Thomas Fitzpatrick and Timothy Kapalka.
View institutional ownership trends
.

How do I buy shares of Iridium Communications?

Shares of IRDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Iridium Communications' stock price today?

One share of IRDM stock can currently be purchased for approximately $49.24.

How much money does Iridium Communications make?

Iridium Communications (NASDAQ:IRDM) has a market capitalization of $6.19 billion and generates $614.50 million in revenue each year. The technology company earns $-9,320,000.00 in net income (profit) each year or $0.04 on an earnings per share basis.

How many employees does Iridium Communications have?

The company employs 537 workers across the globe.

Does Iridium Communications have any subsidiaries?
The following companies are subsidiares of Iridium Communications: Iridium Blocker-B Inc., Iridium Carrier Holdings LLC, Iridium Carrier Services LLC, Iridium Chile SpA, Iridium Constellation LLC, Iridium Government Services LLC, Iridium Holdings LLC, Iridium Holdings LLC, Iridium Satellite LLC, Iridium Satellite SA LLC, Iridium Satellite UK Limited, Iridium Serviços de Satélites S.A., OOO Iridium Communications, OOO Iridium Services, and Syncom-Iridium Holdings Corp..
Read More
How can I contact Iridium Communications?

Iridium Communications' mailing address is 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA, 22102. The official website for the company is www.iridium.com. The technology company can be reached via phone at (703) 287-7400, via email at investor.relations@iridium.com, or via fax at 703-287-7450.

This page (NASDAQ:IRDM) was last updated on 12/7/2022 by MarketBeat.com Staff