Iridium Communications Inc. (IRDM)
Market Cap | 7.50B |
Revenue (ttm) | 683.09M |
Net Income (ttm) | 3.65M |
Shares Out | 125.64M |
EPS (ttm) | 0.04 |
PE Ratio | 1.00 |
Forward PE | 833.33 |
Dividend | n/a |
Ex-Dividend Date | Mar 14, 2023 |
Volume | 121,893 |
Open | 59.97 |
Previous Close | 59.84 |
Day's Range | 59.51 - 60.70 |
52-Week Range | 31.73 - 62.48 |
Beta | 1.11 |
Analysts | Buy |
Price Target | 62.73 (+4.94%) |
Earnings Date | Feb 16, 2023 |
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 2021, IRDM's revenue was $614.50 million, an increase of 5.32% compared to the previous year's $583.44 million. Losses were -$9.32 million, -83.37% less than in 2020.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for IRDM stock is "Buy." The 12-month stock price forecast is $62.73, which is an increase of 4.94% from the latest price.
News

The New Iridium GO! exec Redefines Personal Off-the-Grid Connectivity
MCLEAN, Va. , Jan. 31, 2023 /PRNewswire/ -- Iridium Communications (Nasdaq: IRDM) today unveiled the most capable, ultra-portable solution for truly global connections to all smartphones, tablets and ...

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Access to space technology leads to diversification in end-market users, which bodes well for the Zacks Satellite and Communication industry. Global security threats and increasing defense budgets mig...

Iridium Announces Release Date for Fourth-Quarter 2022 Financial Results
MCLEAN, Va. , Jan. 24, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Thursday, February 16, 2023 at 8:30 a.m.

Iridium (IRDM) and Qualcomm to Enable Satellite Messaging
Iridium (IRDM) and Qualcomm Technologies to support satellite messaging and emergency services in premium Android smartphones in select regions from the second half of 2023.

Iridium and Qualcomm Collaborate to Support Satellite Messaging in Smartphones
MCLEAN, Va. , Jan. 5, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) today announced it has entered into an agreement with Qualcomm Technologies, Inc. to enable satellite messaging an...

Qualcomm, Iridium partner to bring satellite-based messaging to Android phones
Qualcomm Inc has partnered with Iridium Communications Inc to provide a satellite-based messaging service on premium smartphones running Google's Android operating system, the chipmaker said on Thursd...

Qualcomm jumps into emergency services with Snapdragon Satellite, in cooperation with Iridium
Qualcomm Inc. is looking to leapfrog Apple Inc. by offering emergency satellite phone service using Android smartphones, with specific product announcements expected by the middle of the year.

Qualcomm partners with Iridium to bring satellite messaging to Android phones
For the past several CESes, Qualcomm's big announcements have largely revolved around automotive news. There will likely still be a fair bit of that this week, as well, but the company just announced ...

Qualcomm, Iridium Take Aim at Satellite-to-Mobile Phone Market
The two companies said said they are introducing technology that would allow smartphone users to send and receive messages via satellite when regular cellular connectivity isn't available.

Iridium (IRDM) Unveils Iridium Messaging Transport Solution
Iridium (IRDM) launches the Iridium Messaging Transport to make it easier for developers to add satellite connectivity to IoT solutions.

Iridium Introduces its Next Generation Satellite IoT Data Service
Iridium Messaging Transport (IMT) simplifies the development of satellite IoT services MCLEAN, Va. , Dec. 21, 2022 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) today announced the servic...

Iridium and Smithsonian's Movement of Life Initiative Team Up to Help Protect Endangered and Threatened Species
The company has created a special program to support Smithsonian scientists advancing conservation through the science of animal tracking MCLEAN, Va. , Dec. 14, 2022 /PRNewswire/ -- Iridium Communicat...

Iridium (IRDM) Launches First Quarterly Dividend Program
Iridium's (IRDM) Board of Directors declares a quarterly dividend program of 13 cents per share, which is payable on Mar 30, 2023.

Iridium Announces Quarterly Dividend Program
MCLEAN, Va. , Dec. 8, 2022 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) today announced that its Board of Directors has initiated a quarterly dividend program and declared the first ever...

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Iridium CEO Matt Desch on smartphone space race: We're a growth and free cash flow story
Iridium CEO Matt Desch and Ron Baron, chairman and CEO of Baron Capital, join CNBC's 'Squawk Box' from the Baron Investment Conference to discuss investment opportunities in space and more.

Iridium to Present at Fourth Quarter Investor Conferences
MCLEAN, Va. , Nov. 1, 2022 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today announced that Company executives will speak at the following investor conferences in November a...

Iridium Communications (IRDM) is a Top-Ranked Growth Stock: Should You Buy?
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Iridium's (IRDM) Q3 Earnings In Line, Revenues Beat Estimates
Iridium's (IRDM) third-quarter 2022 results benefit from an increase in service revenues and growth in the subscriber base.

Iridium Announces Record Third-Quarter 2022 Results; Increases 2022 Outlook
MCLEAN, Va. , Oct. 20, 2022 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the third quarter of 2022 and updated its full-year 2022 outlook.

Factors to Note Ahead of Iridium (IRDM) Q3 Earnings Release
Iridium (IRDM) performance has been benefiting from a growing subscriber base and a robust demand for consumer-oriented devices.

New Iridium Certus Service Providers to Support U.S. Government Customers
MCLEAN, Va. , Oct. 12, 2022 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) announced today that Iridium partners MetOcean Telematics, NAL Research, and Trace Systems are now Iridium Certus...

Here's Why Investors May Consider Betting on Iridium (IRDM)
Iridium (IRDM) performance is gaining from a growing subscriber base and a robust demand for consumer-oriented devices.