Iridium Communications Inc. (IRDM)

NASDAQ: IRDM · IEX Real-Time Price · USD
59.78
-0.06 (-0.10%)
Feb 1, 2023, 11:39 AM EST - Market open
-0.1%
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]

Founded 2000
Employees 537
Stock Exchange NASDAQ
Ticker Symbol IRDM
Full Company Profile

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 Statements

Analyst 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.

Price Target
$62.73
(4.94% upside)
Analyst Consensus: Buy
Stock Forecasts

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 ...

1 day ago - PRNewsWire

3 Stocks to Watch From the Satellite and Communication Industry

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...

Other symbols: MAXRSATS
1 week ago - Zacks Investment Research

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.

1 week ago - PRNewsWire

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.

3 weeks ago - Zacks Investment Research

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...

3 weeks ago - PRNewsWire

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...

Other symbols: QCOM
3 weeks ago - Reuters

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.

Other symbols: QCOM
3 weeks ago - Market Watch

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 ...

Other symbols: QCOM
3 weeks ago - TechCrunch

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.

Other symbols: QCOM
3 weeks ago - WSJ

Investing in Space: A year to forget for space stocks

For most anyone with money in the market, 2022 was a year to forget – and space stocks were no exception.

Other symbols: AJRDASTRMAXRMNTSPLRKLB
1 month ago - CNBC

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.

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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...

1 month ago - PRNewsWire

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.

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

Our 3 Top Telecom Stock Picks for 2023

We are just weeks to the end of 2022. That means it's time to deliver our telecom stock picks for 2023.

Other symbols: ATNIYELP
2 months ago - InvestorPlace

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.

3 months ago - CNBC Television

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...

3 months ago - PRNewsWire

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.

3 months ago - Zacks Investment Research

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.

3 months ago - Zacks Investment Research

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.

3 months ago - PRNewsWire

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.

3 months ago - Zacks Investment Research

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...

4 months ago - PRNewsWire

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.

4 months ago - Zacks Investment Research

7 Cheap Cathie Wood Stocks to Buy in October

If you're looking for cheap Cathie Wood stocks to buy in October, you might want to stay away from the controversial portfolio manager's latest fund.  On Sept.

Other symbols: EXASSHOPTRMBTSLAXMTRZM
4 months ago - InvestorPlace