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Iridium Communications (IRDM) Stock

Profile

Country:

United States

IPO:

20 March 2008

Indexes:

Not included

Description:

Iridium Communications Inc. is a commercial provider of communication services, offering global coverage through a satellite network from anywhere in real-time. The L-band satellite network provides reliable communication services in regions of the world where ground networks do not exist or are limited, including remote land areas, open oceans, air routes, polar regions, and regions affected by political conflicts or natural disasters. The company was founded in 2001 and is headquartered in McLean, Virginia, USA. The company provides voice and data transmission services for businesses, the US government and other countries, non-governmental organizations, and consumers through a satellite network, which consists of 66 operational satellites with orbital and ground components and corresponding ground infrastructure.

Key Details

Price

$29.29

TTM Dividend Yield

1.84%(+166.67% YoY)

Annual Revenue

$790.72 M(+9.67% YoY)

Annual EPS

$0.12(+71.43% YoY)

Beta

0.54

Events Calendar

Earnings

Next earnings date:

Feb 14, 2025

Recent quarterly earnings:

Oct 17, 2024

Recent annual earnings:

Feb 15, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Sept 13, 2024
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

21 Oct '24 BWS Financial
Neutral
24 July '24 Barclays
Overweight
24 July '24 BWS Financial
Neutral
26 Apr '24 Barclays
Overweight
22 Apr '24 BWS Financial
Neutral
23 Feb '24 Barclays
Overweight
16 Feb '24 Raymond James
Strong Buy
16 Feb '24 BWS Financial
Hold
15 Feb '24 LightShed Partners
Neutral
10 Nov '23 Raymond James
Strong Buy

Market Data

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Institutional Ownership

Eutelsat to Deliver IRDM's Certus & STL Services to US Government
Eutelsat to Deliver IRDM's Certus & STL Services to US Government
Eutelsat to Deliver IRDM's Certus & STL Services to US Government
IRDM
zacks.com24 October 2024

Iridium Communications Inc. IRDM and Eutelsat Group's EUTLF subsidiary Eutelsat America Corp. and OneWeb Technologies Inc. (“EACOWT”) recently inked a partnership whereby EACOWT will deliver Iridium Certus and Iridium Satellite Time and Location (STL) services to U.S. government clients. These services will be available to the government through the IRDM's U.S. Space Force's Proliferated Low Earth Orbit (P-LEO) contracts and OneWeb Technologies.

Iridium Communications Inc. (IRDM) Q3 2024 Earnings Call Transcript
Iridium Communications Inc. (IRDM) Q3 2024 Earnings Call Transcript
Iridium Communications Inc. (IRDM) Q3 2024 Earnings Call Transcript
IRDM
seekingalpha.com17 October 2024

Iridium Communications Inc (NASDAQ:IRDM ) Q3 2024 Results Conference Call October 17, 2024 8:30 AM ET Company Participants Ken Levy - Vice President, Investor Relations Matt Desch - Chief Executive Officer of Iridium Communications Inc. Tom Fitzpatrick - CFO Vincent O'Neill - Senior Vice President of Finance Conference Call Participants Ric Prentiss - Raymond James Simon Flannery - Morgan Stanley Edison Yu - Deutsche Bank Walter Piecyk - LightShed Ventures Hamed Khorsand - BWS Chris Quilty - Quilty Space Louis DiPalma - William Blair Operator Good day and welcome to the Iridium's 2024 third quarter earnings call. All participants will be in listen-only mode.

Iridium Communications (IRDM) Q3 Earnings and Revenues Surpass Estimates
Iridium Communications (IRDM) Q3 Earnings and Revenues Surpass Estimates
Iridium Communications (IRDM) Q3 Earnings and Revenues Surpass Estimates
IRDM
zacks.com17 October 2024

Iridium Communications (IRDM) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $0.01 per share a year ago.

Iridium Announces Record Third-Quarter 2024 Results; Improves 2024 OEBITDA Outlook
Iridium Announces Record Third-Quarter 2024 Results; Improves 2024 OEBITDA Outlook
Iridium Announces Record Third-Quarter 2024 Results; Improves 2024 OEBITDA Outlook
IRDM
prnewswire.com17 October 2024

MCLEAN, Va. , Oct. 17, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2024 and updated its full-year 2024 outlook.

Iridium Gearing Up to Report Q3 Earnings: Here's What to Expect
Iridium Gearing Up to Report Q3 Earnings: Here's What to Expect
Iridium Gearing Up to Report Q3 Earnings: Here's What to Expect
IRDM
zacks.com14 October 2024

Iridium's third-quarter performance is likely to have benefited from momentum in commercial service revenues and increasing subscriber base.

Iridium to Collaborate with Nordic Semiconductor on Iridium NTN Direct integration
Iridium to Collaborate with Nordic Semiconductor on Iridium NTN Direct integration
Iridium to Collaborate with Nordic Semiconductor on Iridium NTN Direct integration
IRDM
prnewswire.com09 October 2024

MCLEAN, Va. , Oct. 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced its collaboration with Nordic Semiconductor for early integration of its Iridium NTN Direct℠ service into Nordic's LTE-M/NB-IoT modules and chipsets.

Iridium's Advanced Certus System Used by Brazil's Railway Network
Iridium's Advanced Certus System Used by Brazil's Railway Network
Iridium's Advanced Certus System Used by Brazil's Railway Network
IRDM
zacks.com02 October 2024

Satcom Direct Brasil and MRS Logistica S.A. implement IRDM's Certus technology to ensure railway operations' efficiency, safety and reliability.

Iridium Certus Selected by Brazilian Railway Operator MRS Logistica for Reliable Weather-Resilient Satellite Connectivity
Iridium Certus Selected by Brazilian Railway Operator MRS Logistica for Reliable Weather-Resilient Satellite Connectivity
Iridium Certus Selected by Brazilian Railway Operator MRS Logistica for Reliable Weather-Resilient Satellite Connectivity
IRDM
prnewswire.com01 October 2024

Satcom Direct Brasil and MRS Logística are deploying Iridium Certus terminals for reliable positive train control and essential rail line interoperability MCLEAN, Va. , Oct. 1, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that Satcom Direct Brasil, a distributor of critical telecommunications services, and MRS Logística S.A.

Iridium Announces Release Date for Third-Quarter 2024 Financial Results
Iridium Announces Release Date for Third-Quarter 2024 Financial Results
Iridium Announces Release Date for Third-Quarter 2024 Financial Results
IRDM
prnewswire.com30 September 2024

MCLEAN, Va. , Sept. 30, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, October 17, 2024 at 8:30 a.m.

Near a 52-Week Low and Buying Back Shares, Is Iridium Stock a Buy?
Near a 52-Week Low and Buying Back Shares, Is Iridium Stock a Buy?
Near a 52-Week Low and Buying Back Shares, Is Iridium Stock a Buy?
IRDM
fool.com30 September 2024

Iridium stock has fallen 37% in 52 weeks, and still trades close to a 52-week low. Iridium announced a stock buyback program last week to scoop up some cheap shares.

FAQ

  • What is the primary business of Iridium Communications?
  • What is the ticker symbol for Iridium Communications?
  • Does Iridium Communications pay dividends?
  • What sector is Iridium Communications in?
  • What industry is Iridium Communications in?
  • What country is Iridium Communications based in?
  • When did Iridium Communications go public?
  • Is Iridium Communications in the S&P 500?
  • Is Iridium Communications in the NASDAQ 100?
  • Is Iridium Communications in the Dow Jones?
  • When was Iridium Communications's last earnings report?
  • When does Iridium Communications report earnings?
  • Should I buy Iridium Communications stock now?

What is the primary business of Iridium Communications?

Iridium Communications Inc. is a commercial provider of communication services, offering global coverage through a satellite network from anywhere in real-time. The L-band satellite network provides reliable communication services in regions of the world where ground networks do not exist or are limited, including remote land areas, open oceans, air routes, polar regions, and regions affected by political conflicts or natural disasters. The company was founded in 2001 and is headquartered in McLean, Virginia, USA. The company provides voice and data transmission services for businesses, the US government and other countries, non-governmental organizations, and consumers through a satellite network, which consists of 66 operational satellites with orbital and ground components and corresponding ground infrastructure.

What is the ticker symbol for Iridium Communications?

The ticker symbol for Iridium Communications is NASDAQ:IRDM

Does Iridium Communications pay dividends?

Yes, Iridium Communications pays dividends. The last payment was $0.14, with an ex-dividend date on 13 September 2024

What sector is Iridium Communications in?

Iridium Communications is in the Communication Services sector

What industry is Iridium Communications in?

Iridium Communications is in the Telecom Services industry

What country is Iridium Communications based in?

Iridium Communications is headquartered in United States

When did Iridium Communications go public?

Iridium Communications's initial public offering (IPO) was on 20 March 2008

Is Iridium Communications in the S&P 500?

No, Iridium Communications is not included in the S&P 500 index

Is Iridium Communications in the NASDAQ 100?

No, Iridium Communications is not included in the NASDAQ 100 index

Is Iridium Communications in the Dow Jones?

No, Iridium Communications is not included in the Dow Jones index

When was Iridium Communications's last earnings report?

Iridium Communications's most recent earnings report was on 17 October 2024

When does Iridium Communications report earnings?

The next expected earnings date for Iridium Communications is 14 February 2025

Should I buy Iridium Communications stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions