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Iridium Communications Inc. (IRDM)

Stock Price: $40.61 USD 0.02 (0.05%)
Updated Feb 24, 2021 4:00 PM EST - Market closed
Pre-market: $40.55 -0.06 (-0.15%) Feb 25, 9:03 AM
Market Cap 5.45B
Revenue (ttm) 583.44M
Net Income (ttm) -56.05M
Shares Out 133.49M
EPS (ttm) -0.42
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day February 24
Last Price $40.61
Previous Close $40.59
Change ($) 0.02
Change (%) 0.05%
Day's Open 39.95
Day's Range 39.00 - 41.17
Day's Volume 1,350,710
52-Week Range 16.87 - 54.65

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The Motley Fool - 4 days ago

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
The Motley Fool - 1 week ago

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

24/7 Wall Street - 1 week ago

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, NCLH, SAVE
Zacks Investment Research - 1 week ago

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
Zacks Investment Research - 1 week ago

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
Benzinga - 1 week ago

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...

Other stocks mentioned: IRDMB
PRNewsWire - 2 weeks ago

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 ...

PRNewsWire - 2 weeks ago

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

Zacks Investment Research - 2 weeks ago

Space exploration and infrastructure projects are boosting the space industry, calling for investment in AeroVironment (AVAV), Leidos (LDOS), Iridium (IRDM), Virgin Galactic (SPCE) and Lockhee...

Other stocks mentioned: AVAV, LDOS, LMT, SPCE
PRNewsWire - 2 weeks ago

MCLEAN, Va., Feb. 9, 2021 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) today announced the addition of Kyoritsu Radio Service Co., Ltd as an Iridium Certus® service provider. Thro...

24/7 Wall Street - 2 weeks ago

With the trading day about halfway over, the broad markets were each hitting new all-time highs.

Other stocks mentioned: BIDU, PINS, TSN, HSY, LOCO, LVS, MGM, SAM, WOOF
PRNewsWire - 1 month ago

MCLEAN, Va., Jan. 21, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Thursday, February 11, 2021 at 8:30 a.m. Eastern Time (ET) to d...

Seeking Alpha - 1 month ago

The past year has been a wild time for Iridium Communications, as shares of the firm have soared. Management continues to provide improved outlooks for the firm and its fundamental condition i...

Other stocks mentioned: IRDMB
Zacks Investment Research - 1 month ago

Procure Space ETF (UFO) jumped 5.7% on Jan 14 as Cathie Wood's ARK Investment Management filed for a space ETF.

Other stocks mentioned: ARKF, ARKG, ARKK, ARKQ, ARKW, LORL, MAXR, ORBC, ROKT, SPAK, SPCE, UFO
CNBC Television - 1 month ago

Cathie Wood launches space ETF, stocks rip higher

CNBC's "Closing Bell" team breaks down what investors should know about the new space exploration ETF.

Other stocks mentioned: MAXR, ORBC, SPCE
OTC PR Wire - 1 month ago

Concord, Ontario, January 11, 2021 – Ultrack Systems Inc. (OTC US: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that the Company has en...

Other stocks mentioned: IRDMB, MJLB
Zacks Investment Research - 1 month ago

Iridium's (IRDM) Edge Solar is a standalone and programmable, solar-powered device with Bluetooth capability for wireless sensor integration and local device connectivity.

Other stocks mentioned: IRDMB
InvestorPlace - 2 months ago

There has been plenty of completed SPAC merger news in 2020 as more companies use it to go public and we're looking at the top performers. The post Completed SPAC Mergers 2020: 10 Top Performi...

Other stocks mentioned: AHCO, BWMX, DKNG, IMVT, LPRO, MP, QS, RPAY, SBE
PRNewsWire - 2 months ago

The Global Maritime Distress and Safety System (GMDSS) now covers 100% of the globe with real-time satellite connectivity for the first time MCLEAN, Va., Dec. 15, 2020 /PRNewswire/ -- Iridium ...

PRNewsWire - 2 months ago

MCLEAN, Va., Dec. 15, 2020 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") is hosting a virtual press conference this morning (Tuesday, December 15) at 9:00 a.m. Eastern...

Zacks Investment Research - 3 months ago

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

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

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

Other stocks mentioned: IRDMB
PRNewsWire - 3 months ago

MCLEAN, Va., Nov. 11, 2020 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) today announced that Kobelco Construction Machinery Co., Ltd. (KCM), a leading original equipment manufactu...

The Motley Fool - 4 months ago

Iridium Communications increased full-year guidance again, and is now well into free-cash-flow-positive territory.

Zacks Investment Research - 4 months ago

Iridium's (IRDM) third-quarter 2020 results reflect growing subscriber base and higher service revenues with robust subscriber equipment demand.

Other stocks mentioned: IRDMB
Seeking Alpha - 4 months ago

Iridium Communications' (IRDM) CEO Matt Desch on Q3 2020 Results - Earnings Call Transcript

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

Iridium (IRDM) delivered earnings and revenue surprises of 75.00% and 9.55%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Other stocks mentioned: IRDMB
Benzinga - 4 months ago

Shares of Iridium Communications (NASDAQ:IRDM) remained unaffected after the company reported Q3 results. Quarterly Results Earnings per share increased 78.57% year over year to ($0.03), which...

Other stocks mentioned: IRDMB
PRNewsWire - 4 months ago

MCLEAN, Va., Oct. 20, 2020 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the third quarter of 2020 and updated its full-year 2020 ...

Zacks Investment Research - 4 months ago

3 Satellite Stocks That Hold Promise Amid Industry Challenges

Other stocks mentioned: MAXR, SATS
Seeking Alpha - 4 months ago

Iridium Communications rose Phoenix-like from the ashes of its bankrupt namesake. The company has endured heavy capex and heavy losses whilst it lofted a new satellite fleet.

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

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
PRNewsWire - 4 months ago

MCLEAN, Va., Oct. 7, 2020 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), whose technology provides connections beyond where terrestrial cell phones are used, today announced their...

PRNewsWire - 4 months ago

MCLEAN, Va., Sept. 29, 2020 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, October 20, 2020 at 8:30 a.m. Eastern Time (ET) to di...

PRNewsWire - 4 months ago

MCLEAN, Va., Sept. 29, 2020 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced commercial availability of its newest standalone asset management device, Iridium Edge Pr...

PRNewsWire - 5 months ago

MCLEAN, Va., Sept. 23, 2020 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced SKYTRAC as the newest aviation Value Added Manufacturer (VAM) for the Iridium Certus 9810...

Zacks Investment Research - 5 months ago

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

PRNewsWire - 6 months ago

MCLEAN, Va., Aug. 13, 2020 /PRNewswire/ -- Iridium Communications Inc.

Forbes - 6 months ago

Investor interest in the space exploration area has been rising after Elon Musk’s SpaceX’s successfully completed its first manned mission this year. There are a couple of broad trends driving...

Other stocks mentioned: AJRD, IRDMB, LMT, SPCE
Investors Business Daily - 6 months ago

Iridium Communications sees its Relative Strength Rating reach the 80-plus level. The post Iridium Communications Clears Technical Benchmark, Hitting 80-Plus RS Rating appeared first on Invest...

Other stocks mentioned: IRDMB
Seeking Alpha - 6 months ago

Iridium Communications: Growth Continues Despite A Bump In The Road

Other stocks mentioned: IRDMB
PRNewsWire - 6 months ago

MCLEAN, Va., July 31, 2020 /PRNewswire/ -- Iridium Communications Inc.

Zacks Investment Research - 6 months ago

Iridium's (IRDM) second-quarter 2020 results reflect solid momentum in service revenues backed by accretive subscriber base in commercial and government segments despite COVID-19 induced crisis.

The Motley Fool - 6 months ago

Satcom specialist Iridium Communications reported more positives than negatives in its second-quarter earnings report.

Seeking Alpha - 6 months ago

Iridium Communications' (IRDM) CEO Matt Desch on Q2 2020 Results - Earnings Call Transcript

Other stocks mentioned: IRDMB
Benzinga - 6 months ago

Shares of Iridium Communications (NASDAQ:IRDM) rose 4.5% after the company reported Q2 results.

Other stocks mentioned: IRDMB
Zacks Investment Research - 6 months ago

Iridium (IRDM) delivered earnings and revenue surprises of 35.71% and 3.31%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Other stocks mentioned: IRDMB
PRNewsWire - 6 months ago

MCLEAN, Va., July 28, 2020 /PRNewswire/ -- Iridium Communications Inc.

Investors Business Daily - 7 months ago

A Relative Strength Rating upgrade for Iridium Communications shows improving technical performance. Will it continue?

Other stocks mentioned: IRDMB
Zacks Investment Research - 7 months ago

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

About IRDM

Iridium Communications 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, activ... [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 36.00, which is a decrease of -11.35% from the latest price.

Price Target
$36.00
(-11.35% downside)
Analyst Consensus: Buy