Iridium Communications Inc. (IRDM)

NASDAQ: IRDM · IEX Real-Time Price · USD
29.31
-0.40 (-1.35%)
At close: Mar 4, 2024, 4:00 PM
28.91
-0.40 (-1.36%)
After-hours: Mar 4, 2024, 7:51 PM EST
-1.35%
Market Cap 3.64B
Revenue (ttm) 790.72M
Net Income (ttm) 15.42M
Shares Out 122.45M
EPS (ttm) 0.12
PE Ratio 244.25
Forward PE 37.53
Dividend $0.52 (1.77%)
Ex-Dividend Date Mar 14, 2024
Volume 1,014,601
Open 29.79
Previous Close 29.71
Day's Range 28.91 - 29.91
52-Week Range 27.89 - 68.34
Beta 0.87
Analysts Buy
Price Target 49.80 (+69.91%)
Earnings Date Apr 18, 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]

Founded 2000
Employees 760
Stock Exchange NASDAQ
Ticker Symbol IRDM
Full Company Profile

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 Statements

Analyst Forecast

According to 6 analysts, the average rating for IRDM stock is "Buy." The 12-month stock price forecast is $49.8, which is an increase of 69.91% from the latest price.

Price Target
$49.8
(69.91% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

14 hours ago - PRNewsWire

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...

5 days ago - PRNewsWire

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...

13 days ago - PRNewsWire

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.

Other symbols: GMMMITQSJ
17 days ago - Benzinga

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...

18 days ago - PRNewsWire

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...

5 weeks ago - PRNewsWire

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...

7 weeks ago - PRNewsWire

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 ...

2 months ago - Market Watch

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® ...

3 months ago - PRNewsWire

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.

Other symbols: QCOM
4 months ago - CNBC

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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.

Other symbols: IACOOMAZIP
4 months ago - Benzinga

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...

4 months ago - PRNewsWire

Iridium to Participate in Fall Investor Conferences

MCLEAN, Va. , Oct. 2, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today announced that Company ex...

5 months ago - PRNewsWire

Iridium Announces Release Date for Third-Quarter 2023 Financial Results

MCLEAN, Va. , Sept. 28, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call o...

5 months ago - PRNewsWire

DISA and U.S. Space Force Award Iridium PLEO Satellite-Based Services Contract

MCLEAN, Va. , Sept. 12, 2023  /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced it has been awarded a fi...

6 months ago - PRNewsWire

Iridium Provides Global Connectivity for XCMG Heavy Equipment

MCLEAN, Va. , Sept. 6, 2023 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, announced today that Xuzhou Construction M...

6 months ago - PRNewsWire

Iridium Board of Directors Approves Additional $400 Million Share Repurchase Program; Authorizations Now Total $1 Billion

MCLEAN, Va. , July 27, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today announced that its Board of Directors has authorized the repurchase of an additional $400 milli...

7 months ago - PRNewsWire

Iridium Announces Second-Quarter 2023 Results; Reports Record Operational EBITDA

MCLEAN, Va. , July 25, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial resul...

7 months ago - PRNewsWire

Iridium Launches Iridium Certus for Aviation Service, Revolutionizing Aircraft Connectivity

MCLEAN, Va. , July 24, 2023 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) a leading provider of global voice and data satellite communications, today announced the introduction of its Iri...

8 months ago - PRNewsWire

Can These 3 Stocks Soar On Triple-Digit Earnings Increases?

Plenty of factors can drive a stock's price higher, but ultimately, institutional investors are looking for growth in earnings and revenue, as well as stable or growing profit margins.

Other symbols: ADNTLI
8 months ago - MarketBeat

Iridium Announces Release Date for Second-Quarter 2023 Financial Results

MCLEAN, Va. , June 30, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on...

8 months ago - PRNewsWire

JEV Portfolio Company H2U Technologies Announces Hydrogen Industry's First Commercial-Scale Non-Iridium PEM Electrolyzer

TULSA, OK and VANCOUVER, BC / ACCESSWIRE / June 27, 2023 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC: JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company") is pleased to report that its portfolio comp...

8 months ago - Accesswire

Iridium Announces 2023 Investor Day

MCLEAN, Va. , June 21, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today announced that it will h...

9 months ago - PRNewsWire