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Iridium Communications Inc. (IRDM)

Stock Price: $41.75 USD 0.82 (2.00%)
Updated Jul 29, 2021 4:00 PM EDT - Market closed
Market Cap 5.51B
Revenue (ttm) 594.43M
Net Income (ttm) -13.28M
Shares Out 133.37M
EPS (ttm) -0.10
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day July 29
Last Price $41.75
Previous Close $40.93
Change ($) 0.82
Change (%) 2.00%
Day's Open 40.94
Day's Range 40.53 - 41.91
Day's Volume 787,705
52-Week Range 23.65 - 54.65

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With the trading day about halfway over, the major averages were still trying to make up their mind, with all practically flat.

Other stocks mentioned: PANW, SLB, SPOT, GPS, KTOS, MIME, PCRX ...
3 days ago - 24/7 Wall Street

Iridium's (IRDM) second-quarter 2021 results reflect healthy demand for subscriber equipment, driven by an accretive subscriber base, solid business prospects and robust liquidity position.

1 week ago - Zacks Investment Research

The satellite communications firm reported a better-than-expected second quarter.

1 week ago - The Motley Fool

Iridium (IRDM) delivered earnings and revenue surprises of 137.50% and 1.51%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

Iridium Communications Inc (NASDAQ: IRDM) reported second-quarter FY21 revenue growth of 7% year-on-year to $149.9 million, beating the analyst consensus of $148.53 million. Service revenue rose 7% Y/Y ...

1 week ago - Benzinga

MCLEAN, Va., July 20, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the second quarter of 2021 and updated its full-year 2021 outlook.

1 week ago - PRNewsWire

Iridium Communications (NASDAQ:IRDM) will be releasing its next round of earnings this Tuesday, July 20. For all of the relevant information, here is your guide for Tuesday's Q2 earnings announcement.

1 week ago - Benzinga

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.

2 weeks ago - Zacks Investment Research

Catherine Wood (Trades, Portfolio)'s ARK Investment has revealed additions to three biotechnology and telecommunications holdings according to GuruFocus' Real-Time Picks, a Premium feature.

Other stocks mentioned: CDXS, CMIIU, SURF
2 weeks ago - GuruFocus

3 Satellite Stocks That are Braving Industry Challenges

Other stocks mentioned: GSAT, ORBC
3 weeks ago - Zacks Investment Research

MCLEAN, Va., June 29, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, July 20, 2021 at 8:30 a.m.

1 month ago - PRNewsWire

Iridium (IRDM) secures a contract worth $30 million from the U.S. army. The deal entails development of payload for smallsat constellation for effective communication in the battlefield.

1 month ago - Zacks Investment Research

MCLEAN, Va., June 24, 2021 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced it has been awarded a research and development contract worth up to $30 million by the United States...

1 month ago - PRNewsWire

Leveraging upgraded satellite constellation, the new broadband service offering is likely to fortify Iridium's (IRDM) market presence with improved maritime and land-mobile applications.

1 month ago - Zacks Investment Research

Iridium Certus 200 is a new L-band broadband service class offering proven reliability and truly global coverage through smaller, lighter and more cost-effective user equipment MCLEAN, Va., June 22, 202...

1 month ago - PRNewsWire

Iridium (IRDM) showcases the scope and quality of its innovative satellite communications technology to boost connectivity in the Arctic region on the back of its Operation Arctic Lynx project.

1 month ago - Zacks Investment Research

MCLEAN, Va., June 14, 2021 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that Greg Pelton will join the company as Chief Technical Officer (CTO), effective June 17, 2021.

1 month ago - PRNewsWire

MCLEAN, Va., June 10, 2021 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced Operation Arctic Lynx (OAL), a series of partnership-driven field exercises deploying Iridium® and I...

1 month ago - PRNewsWire

Iridium (IRDM) and its partner Thales Group get picked by Mayflower Autonomous Ship to boost maritime communications of the back of AI and Iridium Certus technology.

1 month ago - Zacks Investment Research

MCLEAN, Va., May 29, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today announced that Company executives would participate at two investor conferences in June: The Willia...

2 months ago - PRNewsWire

MCLEAN, Va., May 27, 2021 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that the Mayflower Autonomous Ship (MAS) has selected Iridium and partner Thales Group as its Officia...

2 months ago - PRNewsWire

Iridium Communications Inc (NASDAQ: IRDM) acquired a stake in Aberdeen, Scotland's enhanced Global Navigation Satellite System (GNSS) accuracy solutions provider DDK Positioning (DDK). The financial ter...

2 months ago - Benzinga

MCLEAN, Va., May 24, 2021 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that it has made a strategic investment in DDK Positioning (DDK), an Aberdeen, Scotland based provide...

2 months ago - PRNewsWire

Which stocks should you buy in the upcoming Space Race?

Other stocks mentioned: LPTH, MAXR, SPCE
2 months ago - Zacks Investment Research

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

2 months ago - Zacks Investment Research

MCLEAN, Va., May 6, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) today announced that the Company will host a virtual Investor Day on Wednesday, May 26, 2021 from 8:30 a.m.

2 months ago - PRNewsWire

Here're top seven stock to buy that increasing depend on semiconductors The post 7 Stocks You May Not Know Depend on Semiconductors appeared first on InvestorPlace. More From InvestorPlace Why Everyone ...

Other stocks mentioned: BIDU, F, FDIS, LOUP, MSFT, PTON
2 months ago - InvestorPlace

Driven by solid business prospects, Iridium's (IRDM) first-quarter 2021 results reflect healthy demand for subscriber equipment and IoT devices on the back of an accretive subscriber base.

3 months ago - Zacks Investment Research

Iridium (IRDM) delivered earnings and revenue surprises of 20.00% and -0.19%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Shares of Iridium Communications (NASDAQ:IRDM) were unchanged after the company reported Q1 results. Quarterly Results Earnings per share fell 300.00% over the past year to ($0.04), which beat the estim...

3 months ago - Benzinga

MCLEAN, Va., April 20, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the first quarter of 2021 and reiterated its full-year 2021 outlook.

3 months ago - PRNewsWire

Iridium (IRDM) teams up with Indonesia's government to deploy 500 Push-to-Talk devices. Its adoption will facilitate a real-time, cost-effective satellite communications across the country.

Other stocks mentioned: IRDMB
3 months ago - Zacks Investment Research

The Commercialization of Outer Space. If you're a science fiction fan, it's just plain fun that this is suddenly a real thing driving billions of dollars of investor speculation.

Other stocks mentioned: AJRD, BA, LMT, SPCE
3 months ago - OTC PR Wire

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.

Other stocks mentioned: IRDMB
3 months ago - Zacks Investment Research

MCLEAN, Va., April 13, 2021 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that the Republic of Indonesia's government has adopted Iridium Push-to-Talk (PTT) devices to suppo...

3 months ago - PRNewsWire

Space stocks are hot, but with few companies generating revenues and valuations pushing into stellar territory, investors need to play it smart. The post The Investor's Guide to Space Stocks: 3 Companie...

Other stocks mentioned: LMT, MAXR
3 months ago - InvestorPlace

MCLEAN, Va., March 30, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, April 20, 2021 at 8:30 a.m.

3 months ago - PRNewsWire

Top space stocks in the ARKX ETF are getting ready to blast off on Tuesday morning ahead of Cathie Wood's big fund debut. The post ARKX ETF Space Stocks: Why TRMB, KTOS, BA, LMT Stocks Are Fueling Up To...

Other stocks mentioned: ARKQ, JD, KTOS, LMT, SPCE, TRMB, TSLA
3 months ago - InvestorPlace

Cathie Wood's new ARKX ETF is a going public and providing a promising option for investors in a booming industry. The post ARKX ETF: The Top 10 Holdings in Cathie Wood's New Space ETF appeared first on...

Other stocks mentioned: BA, JD, KTOS, LHX, LMT, TRMB
4 months ago - InvestorPlace

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

Other stocks mentioned: IRDMB
4 months ago - Zacks Investment Research

MCLEAN, Va., March 9, 2021 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) today announced that Tony Frazier has been elected to the Iridium Board of Directors, effective March 9, 2021.

4 months ago - PRNewsWire

Iridium (IRDM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down...

Other stocks mentioned: IRDMB
4 months ago - Zacks Investment Research

Launching atop Blue Origin rockets, Telesat "Lightspeed" satellites will soon offer corporate customers a new way to access high-speed internet.

Other stocks mentioned: AMZN, LORL, VSAT
5 months ago - The Motley Fool

Iridium Communications' stock price is up over 400% since the start of 2016, but new competition is coming.

5 months ago - The Motley Fool

With the trading day roughly halfway over, the broad markets were sliding into the weekend.

Other stocks mentioned: ABNB, DUK, H, RCL, ACB, CARG, CYBR ...
5 months ago - 24/7 Wall Street

Iridium (IRDM) reports narrower loss in fourth-quarter 2020 on healthy subscriber additions backed by a resilient business model and portfolio strength.

Other stocks mentioned: IRDMB
5 months ago - Zacks Investment Research

Iridium (IRDM) delivered earnings and revenue surprises of 25.00% and 5.08%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Other stocks mentioned: IRDMB
5 months ago - Zacks Investment Research

Shares of Iridium Communications (NASDAQ:IRDM) rose 3.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 92.68% over the past year to ($0.06), whic...

Other stocks mentioned: IRDMB
5 months ago - Benzinga

MCLEAN, Va., Feb. 11, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. ...

5 months ago - PRNewsWire

Strengthening Capital Position and Continued Opportunities for Growth Underscore Iridium's Financial Transformation MCLEAN, Va., Feb. 10, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ...

5 months ago - PRNewsWire

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, ... [Read more...]

Industry
Telecom Services
Founded
2000
CEO
Matthew Desch
Employees
516
Stock Exchange
NASDAQ
Ticker Symbol
IRDM
Full Company Profile

Financial Performance

In 2020, IRDM's revenue was $583.44 million, an increase of 4.10% compared to the previous year's $560.44 million. Losses were -$56.05 million, -65.40% less than in 2019.

Financial Statements

Analyst Forecasts

According to 5 analysts, the average rating for IRDM stock is "Buy." The 12-month stock price forecast is 38.38, which is a decrease of -8.07% from the latest price.

Price Target
$38.38
(-8.07% downside)
Analyst Consensus: Buy