Iridium Communications Inc. (IRDM)
| 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 |
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.
The satellite communications firm reported a better-than-expected second quarter.
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?
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 ...
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.
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.
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.
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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.
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.
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...
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.
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...
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.
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.
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...
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.
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...
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...
Iridium Communications Acquires Stake In GNSS Solutions Provider DDK Positioning For Undisclosed Sum
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...
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...
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Iridium (IRDM) reported earnings 30 days ago. What's next for the stock?
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.
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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.
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?
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...
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.
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.
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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.
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...
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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.
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Iridium (IRDM) reported earnings 30 days ago. What's next for the stock?
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.
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...
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Iridium Communications' stock price is up over 400% since the start of 2016, but new competition is coming.
Iridium (IRDM) reports narrower loss in fourth-quarter 2020 on healthy subscriber additions backed by a resilient business model and portfolio strength.
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?
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...
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. ...
Strengthening Capital Position and Continued Opportunities for Growth Underscore Iridium's Financial Transformation MCLEAN, Va., Feb. 10, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ...
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 |
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.
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.