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NASDAQ:IRDM

Iridium Communications (IRDM) Stock Price, News & Analysis

$29.52
+0.01 (+0.03%)
(As of 10/8/2024 ET)

About Iridium Communications Stock (NASDAQ:IRDM)

Key Stats

Today's Range
$29.04
$29.87
50-Day Range
$25.17
$31.61
52-Week Range
$24.14
$44.94
Volume
945,027 shs
Average Volume
1.07 million shs
Market Capitalization
$3.58 billion
P/E Ratio
140.57
Dividend Yield
1.90%
Price Target
$41.00
Consensus Rating
Moderate Buy

Company Overview

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 public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and other government agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. is headquartered in McLean, Virginia.

Iridium Communications Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
91st Percentile Overall Score

IRDM MarketRank™: 

Iridium Communications scored higher than 91% of companies evaluated by MarketBeat, and ranked 104th out of 669 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Iridium Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Iridium Communications has only been the subject of 2 research reports in the past 90 days.

  • Read more about Iridium Communications' stock forecast and price target.
  • Earnings Growth

    Earnings for Iridium Communications are expected to grow by 23.46% in the coming year, from $0.81 to $1.00 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Iridium Communications is 140.57, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 121.56.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Iridium Communications is 140.57, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 226.98.

  • Price to Book Value per Share Ratio

    Iridium Communications has a P/B Ratio of 4.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Iridium Communications' valuation and earnings.
  • Percentage of Shares Shorted

    6.16% of the float of Iridium Communications has been sold short.
  • Short Interest Ratio / Days to Cover

    Iridium Communications has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in Iridium Communications has recently increased by 26.27%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Iridium Communications pays a meaningful dividend of 1.77%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Iridium Communications does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Iridium Communications is 266.67%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Iridium Communications will have a dividend payout ratio of 56.00% next year. This indicates that Iridium Communications will be able to sustain or increase its dividend.

  • Read more about Iridium Communications' dividend.
  • Percentage of Shares Shorted

    6.16% of the float of Iridium Communications has been sold short.
  • Short Interest Ratio / Days to Cover

    Iridium Communications has a short interest ratio ("days to cover") of 6.1.
  • Change versus previous month

    Short interest in Iridium Communications has recently increased by 26.27%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Iridium Communications has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Iridium Communications this week, compared to 5 articles on an average week.
  • Search Interest

    Only 5 people have searched for IRDM on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.
  • MarketBeat Follows

    5 people have added Iridium Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Iridium Communications insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.00% of the stock of Iridium Communications is held by insiders.

  • Percentage Held by Institutions

    84.36% of the stock of Iridium Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Iridium Communications' insider trading history.
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IRDM Stock News Headlines

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IRDM Stock Analysis - Frequently Asked Questions

Iridium Communications' stock was trading at $41.16 at the start of the year. Since then, IRDM stock has decreased by 28.3% and is now trading at $29.52.
View the best growth stocks for 2024 here
.

Iridium Communications Inc. (NASDAQ:IRDM) released its quarterly earnings results on Tuesday, July, 23rd. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.10. The company's quarterly revenue was up 4.1% on a year-over-year basis.

Iridium Communications' board approved a stock buyback program on Thursday, September 19th 2024, which permits the company to repurchase $500,000,000 in shares, according to EventVestor. This means that the company could buy up to 14.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Iridium Communications subsidiaries include Iridium Holdings LLC, Iridium Blocker-B Inc., Iridium Carrier Holdings LLC, Iridium Carrier Services LLC, Iridium Chile SpA, Iridium Constellation LLC, Iridium Government Services LLC, and others.

Iridium Communications' top institutional shareholders include Tealwood Asset Management Inc. (0.03%), Diversified Trust Co (0.02%) and GAMMA Investing LLC. Insiders that own company stock include Matthew J Desch, Robert H Niehaus, Thomas C Canfield, Parker William Rush, Thomas Fitzpatrick, Scott Scheimreif, Suzanne E Mcbride, A B Krongard, Bryan J Hartin, Barry West, Kathleen A Morgan, Timothy Kapalka, Steven B Pfeiffer and Henrik O Schliemann.
View institutional ownership trends
.

Shares of IRDM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Iridium Communications investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Verizon Communications (VZ), Block (SQ) and Bank of America (BAC).

Company Calendar

Last Earnings
7/23/2024
Ex-Dividend for 9/30 Dividend
9/13/2024
Dividend Payable
9/30/2024
Today
10/08/2024
Next Earnings (Confirmed)
10/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Alternative Carriers
Current Symbol
NASDAQ:IRDM
CUSIP
46269C10
Employees
660
Year Founded
2000

Price Target and Rating

Average Stock Price Target
$41.00
High Stock Price Target
$48.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+38.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$15.41 million
Pretax Margin
9.08%

Debt

Sales & Book Value

Annual Sales
$797.26 million
Cash Flow
$2.76 per share
Book Value
$7.17 per share

Miscellaneous

Free Float
119,000,000
Market Cap
$3.60 billion
Optionable
Optionable
Beta
0.65

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This page (NASDAQ:IRDM) was last updated on 10/8/2024 by MarketBeat.com Staff
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