Iridium Communications Inc. (IRDM)

NASDAQ: IRDM · IEX Real-Time Price · USD
36.17 -1.27 (-3.39%)
Jan 18, 2022 3:28 PM EST - Market open
Market Cap4.78B
Revenue (ttm)605.12M
Net Income (ttm)-11.36M
Shares Out132.20M
EPS (ttm)-0.09
PE Ration/a
Forward PE434.78
Dividendn/a
Ex-Dividend Daten/a
Volume599,845
Open36.56
Previous Close37.44
Day's Range35.67 - 37.02
52-Week Range32.85 - 54.65
Beta1.10
AnalystsBuy
Price Target48.60 (+34.4%)
Earnings Daten/a

About IRDM

Iridium Communications Inc. provides mobile voice and data communications services and product to businesses, the United States and foreign 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 other services, such as inbound connections from the public switched telephone network, short message, subscriber identity module, ...

IndustryDiversified Telecommunication Services
Founded2000
CEOMatthew Desch
Employees516
Stock ExchangeNASDAQ
Ticker SymbolIRDM
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for IRDM stock is "Buy." The 12-month stock price forecast is 48.60, which is an increase of 34.37% from the latest price.

Price Target
$48.60
(34.37% upside)
Analyst Consensus: Buy

News

Ron Baron Strengthens Iridium Communications Connection

Ron Baron (Trades, Portfolio), leader of Baron Capital Management, disclosed earlier this month his firm expanded its stake in Iridium Communications Inc. ( IRDM , Financial) by 15.21%.

1 week ago - GuruFocus

Iridium Names Manjula Sriram as New Chief Information Officer

MCLEAN, Va., Jan. 5, 2022 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that Manjula Sriram has joined the company as Vice President & Chief Information Officer (CIO).

1 week ago - PRNewsWire

European space tech is already bringing in substantial revenue, says venture capitalist

Adam Niewinski, managing partner at OTB Ventures, discusses the outlook for Europe's space tech sector compared to the U.S. and China.

Other symbols:AJRDASTRMAXRSPCE
2 weeks ago - CNBC International TV

Elon Musk Could Send Space Stocks to the Moon in 2022. Here's How.

Space stocks are set to blast off in 2022, but if Elon Musk starts focusing on SpaceX, the momentum could drive the sector to new heights. The post Elon Musk Could Send Space Stocks to the Moon in 2022.

Other symbols:ASTRLMTMAXRSPCE
2 weeks ago - InvestorPlace

IRIDIUM TO PARTICIPATE AT THE 24TH ANNUAL NEEDHAM VIRTUAL GROWTH CONFERENCE

MCLEAN, Va, Dec. 27, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today announced that Chief Executive Officer Matthew Desch is scheduled to participate at the 24th Annual...

3 weeks ago - PRNewsWire

Iridium To Present At The Barclays Global Technology, Media And Telecommunications Conference

MCLEAN, Va., Dec. 1, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today announced that Chief Financial Officer Thomas Fitzpatrick is scheduled to present virtually at the ...

1 month ago - PRNewsWire

7 Stocks to Buy to Build Your Own ‘Elon Musk' Portfolio

We all know the power of a tweet from Elon Musk. Here are seven stocks to buy before he calls attention to them on social media.

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1 month ago - InvestorPlace

Why Is Iridium (IRDM) Down 0.8% Since Last Earnings Report?

Iridium (IRDM) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Top 3 Stocks From the Satellite and Communication Industry

Cheaper access to space technology leading to a diversification in end-market users bodes well for the Zacks Satellite and Communication industry. Global security threats and increasing defense budgets ...

Other symbols:SATS
2 months ago - Zacks Investment Research

Iridium (IRDM) Ups the Ante With Iridium Certus 100 Service Launch

Iridium (IRDM) unveils Iridium Certus 100 "midband" service along with two partner products for land, air, sea, and industrial IoT applications.

2 months ago - Zacks Investment Research

Groundbreaking Iridium Certus® 100 Service Launches with Partner Products for Land, Sea, Air and Industrial IoT

Over a dozen new Iridium Connected® midband products are planned to enter the market in the coming months MCLEAN, Va., Nov. 10, 2021 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today anno...

2 months ago - PRNewsWire

Iridium Network invests in RayCare to become their primary oncology information system

STOCKHOLM, Oct. 29, 2021 /PRNewswire/ -- Iridium Network has strongly contributed to the development of RayCare and in February 2018 it became the first hospital in the world to clinically use RayCare, ...

2 months ago - PRNewsWire

Iridium (IRDM) Q3 Earnings Meet Estimates, 2021 Outlook Raised

Significant top-line growth, robust liquidity position, and growing subscriber base on the back of a solid demand environment boost Iridium's (IRDM) third-quarter 2021 results.

2 months ago - Zacks Investment Research

Should you invest in Iridium stock as shares advance after Q3 results?

On Tuesday, Iridium Communications Inc. (NASDAQ:IRDM) advanced 4% after announcing its most recent quarterly results. The company reported solid fiscal third-quarter revenue and earnings, exceeding cons...

2 months ago - Invezz

Iridium Communications (IRDM) Reports Q3 Loss, Tops Revenue Estimates

Iridium (IRDM) delivered earnings and revenue surprises of 0.00% and 4.37%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Iridium Clocks 7% Revenue Growth In Q3, Beats Consensus

Iridium Communications Inc (NASDAQ: IRDM)  reported third-quarter FY21 revenue growth of 7% year-on-year to $162.2 million, beating the consensus of $153.71 million. Service revenue rose 9.3% Y/Y to $12...

2 months ago - Benzinga

Iridium Announces Third-Quarter 2021 Results; Raises 2021 Outlook

MCLEAN, Va., Oct. 19, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the third quarter of 2021 and updated its full-year 2021 outlook.

2 months ago - PRNewsWire

Earnings Preview: Iridium Communications

IRDM is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.

3 months ago - Benzinga

Iridium Communications (IRDM) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Iridium (IRDM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

Iridium Announces Release Date For Third-Quarter 2021 Financial Results

MCLEAN, Va., Sept. 28, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, October 19, 2021 at 8:30 a.m.

3 months ago - PRNewsWire

Top Ranked Momentum Stocks to Buy for September 20th

IRDM, ACH, GDP, and XOG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 20, 2021

Other symbols:ACHGDP
3 months ago - Zacks Investment Research

Iridium To Present At Deutsche Bank's 29th Annual Leverage Finance Conference

MCLEAN, Va., Sept. 20, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) announced today that Chief Financial Officer Thomas Fitzpatrick is scheduled to present virtually at Deutsche Bank'...

3 months ago - PRNewsWire

This Satellite-Communications Stock In Cathie Wood Portfolio Has Given Better 5-Year Returns Than Apple, Netflix, Amazon

Iridium Communications Inc's (NASDAQ:IRDM) sharp subscriber growth over the past four years has caught the popular money manager Cathie Wood's attention and despite the satellite communications provider...

4 months ago - Benzinga

Iridium Communications (IRDM) Is Up 13.07% in One Week: What You Should Know

Does Iridium Communications (IRDM) have what it takes to be a top stock pick for momentum investors? Let's find out.

4 months ago - Zacks Investment Research

7 Space Stocks to Buy Ahead of Virgin Orbit's Debut

These space stocks have the most potential to breakthrough and play a leading role in the fast-growing space industry. The post 7 Space Stocks to Buy Ahead of Virgin Orbit's Debut appeared first on Inve...

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4 months ago - InvestorPlace