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NASDAQ:IRDM

Iridium Communications (IRDM) Stock Price, News & Analysis

Iridium Communications logo
$27.91 +0.59 (+2.16%)
(As of 11/20/2024 ET)

About Iridium Communications Stock (NASDAQ:IRDM)

Key Stats

Today's Range
$27.15
$28.27
50-Day Range
$26.24
$33.57
52-Week Range
$24.14
$41.66
Volume
1.11 million shs
Average Volume
1.04 million shs
Market Capitalization
$3.18 billion
P/E Ratio
29.69
Dividend Yield
2.01%
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™

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92nd Percentile Overall Score

IRDM MarketRank™: 

Iridium Communications scored higher than 92% of companies evaluated by MarketBeat, and ranked 115th out of 651 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 1 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 12.50% in the coming year, from $0.80 to $0.90 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Iridium Communications is 29.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Iridium Communications is 29.69, 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 218.63.

  • Price to Book Value per Share Ratio

    Iridium Communications has a P/B Ratio of 4.79. 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

    7.00% 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 6.5.
  • Change versus previous month

    Short interest in Iridium Communications has recently increased by 6.33%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Iridium Communications pays a meaningful dividend of 2.05%, 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 59.58%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Iridium Communications will have a dividend payout ratio of 62.22% 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

    7.00% 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 6.5.
  • Change versus previous month

    Short interest in Iridium Communications has recently increased by 6.33%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Iridium Communications has a news sentiment score of 0.85. 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 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Iridium Communications this week, compared to 5 articles on an average week.
  • Search Interest

    Only 3 people have searched for IRDM on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Iridium Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Iridium Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,257,555.00 in 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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Barclays Reaffirms Their Buy Rating on Iridium Communications (IRDM)
Eutelsat America, OneWeb announce partnership agreement with Iridium
See More Headlines

IRDM Stock Analysis - Frequently Asked Questions

Iridium Communications' stock was trading at $41.16 on January 1st, 2024. Since then, IRDM shares have decreased by 32.2% and is now trading at $27.91.
View the best growth stocks for 2024 here
.

Iridium Communications Inc. (NASDAQ:IRDM) posted its earnings results on Thursday, October, 17th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The technology company earned $212.77 million during the quarter, compared to analyst estimates of $205.68 million. Iridium Communications had a trailing twelve-month return on equity of 14.34% and a net margin of 14.09%.

Iridium Communications' Board of Directors authorized a stock repurchase plan on Thursday, September 19th 2024, which authorizes the company to buy back $500,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 14.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

The following companies are subsidiaries of Iridium Communications: 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 investors include Bamco Inc. NY (9.77%), State Street Corp (3.75%), Sumitomo Mitsui Trust Group Inc. (2.20%) and ARK Investment Management LLC (1.95%). Insiders that own company stock include Matthew J Desch, Robert H Niehaus, Thomas C Canfield, Parker William Rush, Suzanne E Mcbride, Thomas Fitzpatrick, Scott Scheimreif, 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 Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 9/30 Dividend
9/13/2024
Dividend Payable
9/30/2024
Last Earnings
10/17/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/20/2025

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
+46.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$15.41 million
Pretax Margin
13.48%

Debt

Sales & Book Value

Annual Sales
$790.72 million
Cash Flow
$2.70 per share
Book Value
$7.17 per share

Miscellaneous

Free Float
111,571,000
Market Cap
$3.18 billion
Optionable
Optionable
Beta
0.65

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This page (NASDAQ:IRDM) was last updated on 11/21/2024 by MarketBeat.com Staff
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