Iridium Communications Inc. (IRDM)
Market Cap | 3.24B |
Revenue (ttm) | 789.30M |
Net Income (ttm) | 25.29M |
Shares Out | 121.43M |
EPS (ttm) | 0.21 |
PE Ratio | 126.95 |
Forward PE | 34.32 |
Dividend | $0.56 (2.10%) |
Ex-Dividend Date | Jun 14, 2024 |
Volume | 544,259 |
Open | 26.65 |
Previous Close | 26.56 |
Day's Range | 26.52 - 26.82 |
52-Week Range | 24.14 - 61.84 |
Beta | 0.68 |
Analysts | Buy |
Price Target | 44.75 (+67.85%) |
Earnings Date | Jul 23, 2024 |
About IRDM
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 publi... [Read more]
Financial Performance
In 2023, IRDM's revenue was $790.72 million, an increase of 9.67% compared to the previous year's $721.03 million. Earnings were $15.42 million, an increase of 76.74%.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for IRDM stock is "Buy." The 12-month stock price forecast is $44.75, which is an increase of 67.85% from the latest price.
News
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Iridium Announces Release Date for Second-Quarter 2024 Financial Results
MCLEAN, Va. , July 2, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on ...
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Adtran and Iridium strengthen PNT resilience in Europe and Asia-Pacific with Satellite Time and Location technology
HUNTSVILLE, Ala.--(BUSINESS WIRE)-- #5G--Adtran, in partnership with Iridium Communications Inc. (NASDAQ: IRDM), today announced the European and Asia-Pacific launch of its synchronization solutions f...
![](https://cdn.snapi.dev/images/v1/w/d/press6-2487575.jpg)
Iridium Satellite Time and Location Service Activated for Europe and Asia Pacific Regions
Increased international demand from partners to accelerate market adoption worldwide MCLEAN, Va. , June 20, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of globa...
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Iridium Awarded Five-Year, $94 Million Contract by Space Systems Command
MCLEAN, Va. , June 4, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced it has been awarded a new f...
![](https://cdn.snapi.dev/images/v1/n/q/press4-2431636.jpg)
Watershed Moment for UAS: Iridium Connected Drones from American Aerospace Granted First FAA Waiver for BVLOS Commercial Operations
Iridium partner American Aerospace received FAA approval for BVLOS drone operations on behalf of a recently announced oil and gas industry customer, based on proven Detect and Avoid aircraft right of ...
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Iridium Announces First-Quarter 2024 Results
– Completes acquisition of Satelles, Inc., its first ever acquisition, on April 1 MCLEAN, Va. , April 18, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"), a leading p...
![](https://cdn.snapi.dev/images/v1/1/j/press8-2362662.jpg)
Iridium Signs Five-Year Contract with L3Harris to Protect FAA Critical Infrastructure
Latest deployment of Iridium STL will provide a resilient timing sync service to data center facilities across the U.S. MCLEAN, Va. , April 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:...
![](https://cdn.snapi.dev/images/v1/e/b/press17-2353054.jpg)
Iridium Completes Satelles Acquisition; Introduces Iridium Satellite Time and Location (STL)
MCLEAN, Va. , April 2, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that it has completed its ...
![](https://cdn.snapi.dev/images/v1/w/l/conf8-2346330.jpg)
Iridium Announces Release Date for First-Quarter 2024 Financial Results
MCLEAN, Va. , March 28, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call o...
![](https://cdn.snapi.dev/images/v1/g/h/press16-2319587.jpg)
Cosco Shipping Enhances Safety with Iridium GMDSS
MCLEAN, Va. , March 12, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) a leading provider of global voice and data satellite communications, today announced Cosco Shipping (CSSC), the...
![](https://cdn.snapi.dev/images/v1/r/a/press2-2305902.jpg)
Iridium to Expand its Reach as a Global Alternative PNT Service with Acquisition of Market Leader Satelles
Iridium's advanced portfolio of easily integrated assured PNT solutions will protect global industries and digital critical infrastructure MCLEAN, Va. , March 4, 2024 /PRNewswire/ -- Iridium Communica...
![](https://cdn.snapi.dev/images/v1/f/c/press12-2298072.jpg)
South Korean Military Adopts Iridium Connectivity
MCLEAN, Va. , Feb. 28, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that the Republic of Korea...
![](https://cdn.snapi.dev/images/v1/z/w/conf1-2284579.jpg)
Iridium to Participate in Investor Conferences
MCLEAN, Va. , Feb. 20, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today announced that Company e...
![](https://cdn.snapi.dev/images/v1/c/4/image49-2280130.jpg)
Top 4 Tech And Telecom Stocks That May Rocket Higher in February - Iridium Comms (NASDAQ:IRDM), Global Mofy Metaverse (NASDAQ:GMM)
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
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Iridium Announces 2023 Results; Company Issues 2024 Outlook
Extends estimate of useful life of satellites by five years MCLEAN, Va. , Feb. 15, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the f...
![](https://cdn.snapi.dev/images/v1/w/t/conf11-2245907.jpg)
Iridium Announces Release Date for Fourth-Quarter 2023 Financial Results
MCLEAN, Va. , Jan. 25, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on...
![](https://cdn.snapi.dev/images/v1/5/r/press10-2223698.jpg)
Iridium Unveils Project Stardust; Developing the Only Truly Global, Standards-Based IoT and Direct-to-Device Service
The company plans to upload NB-IoT NTN standards into its operational LEO constellation MCLEAN, Va. , Jan. 10, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of gl...
![](https://cdn.snapi.dev/images/v1/i/z/im-93902801size1777777777777778width800-2208305.jpg)
20 midcap stocks with 2024 upside ranging up to 62%, according to analysts
When investors think about whether to increase their exposure beyond the big companies that grab most of the headlines in the financial media, they are likely to look at small-cap stocks first. After ...
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Iridium Launches GMDSS Academy
MCLEAN, Va. , Dec. 5, 2023 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced the launch of the Iridium® ...
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Iridium announces end of Qualcomm satellite-to-phone partnership
The move comes as major players pursue the nascent market to connect unmodified phones directly to satellites.
![](https://cdn.snapi.dev/images/v1/e/6/press13-2151089.jpg)
Iridium Announces New D2D Direction
MCLEAN, Va. , Nov. 9, 2023 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global personal satellite communications, today announced an update to its relationship wit...
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Iridium Celebrates 25 Years of Innovation, Transformation and Global Connectivity
MCLEAN, Va. , Nov. 1, 2023 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global personal satellite communications, marked a historic moment in the world of satelli...
![](https://cdn.snapi.dev/images/v1/r/d/image9-2125592.jpg)
Top 4 Tech And Telecom Stocks That May Explode This Month - Iridium Comms (NASDAQ:IRDM), IAC (NASDAQ:IAC)
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
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Iridium Announces Third-Quarter 2023 Results; Reports Record Operational EBITDA; Updates Guidance
MCLEAN, Va. , Oct. 19, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial result...