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NASDAQ:IRDM

Iridium Communications (IRDM) Stock Price, News & Analysis

Iridium Communications logo
$28.16 +0.61 (+2.21%)
As of 01/17/2025 04:00 PM Eastern

About Iridium Communications Stock (NASDAQ:IRDM)

Key Stats

Today's Range
$27.68
$28.28
50-Day Range
$27.20
$31.55
52-Week Range
$24.14
$38.40
Volume
1.06 million shs
Average Volume
712,121 shs
Market Capitalization
$3.21 billion
P/E Ratio
29.96
Dividend Yield
1.99%
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
96th Percentile Overall Score

IRDM MarketRank™: 

Iridium Communications scored higher than 96% of companies evaluated by MarketBeat, and ranked 46th out of 665 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 received no research coverage 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 29.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.80.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Iridium Communications is 29.96, 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 236.90.

  • Price to Book Value per Share Ratio

    Iridium Communications has a P/B Ratio of 3.93. 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

    7.98% 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 7.8.
  • Change versus previous month

    Short interest in Iridium Communications has recently decreased by 7.52%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Iridium Communications pays a meaningful dividend of 2.03%, 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 59.57%. 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

    7.98% 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 7.8.
  • Change versus previous month

    Short interest in Iridium Communications has recently decreased by 7.52%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Iridium Communications has a news sentiment score of 0.93. 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 4 news articles for Iridium Communications this week, compared to 6 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 -29% compared to the previous 30 days.
  • MarketBeat Follows

    3 people have added Iridium Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 $1,615,846.00 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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IRDM Stock Analysis - Frequently Asked Questions

Iridium Communications' stock was trading at $29.02 at the start of the year. Since then, IRDM shares have decreased by 3.0% and is now trading at $28.16.
View the best growth stocks for 2025 here
.

Iridium Communications Inc. (NASDAQ:IRDM) issued its earnings results on Tuesday, July, 23rd. The technology company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.10. The firm's revenue was up 4.1% compared to the same quarter last year.

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

Iridium Communications subsidiaries include these companies: 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.

Top institutional investors of Iridium Communications include Nordea Investment Management AB (0.22%), Inspire Investing LLC (0.04%), Crossmark Global Holdings Inc. (0.03%) and Cullen Investment Group LTD. (0.03%). Insiders that own company stock include Matthew J Desch, Robert H Niehaus, Thomas Fitzpatrick, Thomas C Canfield, Parker William Rush, Suzanne E Mcbride, Scott Scheimreif, A B Krongard, Bryan J Hartin, Barry West, Kathleen A Morgan, Timothy James Last, 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.

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

Last Earnings
7/23/2024
Ex-Dividend for 12/31 Dividend
12/16/2024
Dividend Payable
12/31/2024
Today
1/20/2025
Next Earnings (Estimated)
2/20/2025
Fiscal Year End
12/31/2025

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
+45.6%
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
$812.43 million
Cash Flow
$2.72 per share
Book Value
$7.17 per share

Miscellaneous

Free Float
111,571,000
Market Cap
$3.21 billion
Optionable
Optionable
Beta
0.65

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This page (NASDAQ:IRDM) was last updated on 1/20/2025 by MarketBeat.com Staff
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