Iridium Communications (IRDM) News Today

Vident Advisory LLC increased its holdings in shares of Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 51.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,695 shares of the technology com

Iridium Communications Inc. (NASDAQ:IRDM - Free Report) - Equities research analysts at BWS Financial cut their Q3 2024 EPS estimates for shares of Iridium Communications in a report released on Wednesday, July 24th. BWS Financial analyst H. Khorsand now forecasts that the technology company will

Iridium Communications Inc. (NASDAQ:IRDM - Free Report) - Equities research analysts at William Blair lifted their FY2024 earnings estimates for shares of Iridium Communications in a research report issued to clients and investors on Tuesday, July 23rd. William Blair analyst L. Dipalma now antici

BWS Financial reissued a "neutral" rating and set a $30.00 price objective on shares of Iridium Communications in a research report on Wednesday.

Barclays increased their price objective on shares of Iridium Communications from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday.

Iridium Communications (NASDAQ:IRDM - Get Free Report) issued its earnings results on Tuesday. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.19 by $0.08. Iridium Communications had a return on equity of 2.76% and a net margin of 3.20%. The company had revenue of $201.07 million during the quarter, compared to the consensus estimate of $204.01 million. During the same period last year, the business posted ($0.24) EPS. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year.

Seven Eight Capital LP purchased a new position in shares of Iridium Communications Inc. (NASDAQ:IRDM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 85,392 shares

Iridium Communications (NASDAQ:IRDM) Shares Gap Up to $25.92

Russell Investments Group Ltd. grew its position in Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 231,976 shares of the technology company's stock af

Blair William & Co. IL decreased its position in Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 326,791 shares of the technology company's s

Iridium Communications Inc. (NASDAQ:IRDM - Get Free Report) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 4,540,000 shares, a decrease of 7.9% from the June 15th total of 4,930,000 shares. Currently, 4.2% of the shares of the stock are short sold. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 4.2 days.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 427.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,626 shares of

SG Americas Securities LLC increased its position in shares of Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 281.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 311,956 shares of the technology company's sto

BNP Paribas Financial Markets grew its position in shares of Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 116.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,474 sha

Capstone Investment Advisors LLC purchased a new stake in Iridium Communications Inc. (NASDAQ:IRDM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 34,915 shares of the technology company's stock, value

Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 19.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,089,600 shares of t

Dudley & Shanley Inc. lowered its stake in Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 97.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,000 shares of the technology company's stock afte

Iridium Communications Inc. (NASDAQ:IRDM - Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 4,930,000 shares, a decrease of 6.3% from the May 31st total of 5,260,000 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is presently 4.5 days.

Shares of Iridium Communications Inc. (NASDAQ:IRDM - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two h

Vanguard Group Inc. lowered its stake in shares of Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,753,337 shares of the technology company's stock after selling 232,777 shares during the

Iridium Communications (NASDAQ:IRDM) Sees Strong Trading Volume

Capital International Investors decreased its holdings in shares of Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,403,3

Iridium Communications Inc. (NASDAQ:IRDM - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have assigned a buy reco

Iridium Communications (NASDAQ:IRDM) Trading Up 3.9%

Silver Heights Capital Management Inc increased its position in shares of Iridium Communications Inc. (NASDAQ:IRDM - Free Report) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,656,227 shares of the technology

Iridium Communications (NASDAQ:IRDM) Shares Down 5.7%