|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||25.60 - 26.40|
|52 Week Range||16.64 - 28.24|
|Beta (3Y Monthly)||2.08|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.75|
Iridium Communications : "I think it's got a great business model, and I think it's a buy," said Jim Cramer to one caller during the 'Lightning Round' segment of Mad Money Monday night. In this daily bar chart of IRDM, below, we can see that prices have been stuck in a sideways trading range since March with buying interest coming out around $20 and resistance appearing around $27-$28. Trading volume has declined from the middle of September and the daily On-Balance-Volume (OBV) line has shown weakness from April suggesting that sellers have been more aggressive for several months.
MCLEAN, Va., Nov. 4, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) today announced the closing of a $1.45 billion, seven-year term loan that sets the stage for the company to complete its financial transformation. The new credit agreement formally retires Iridium's previous credit facility initiated in 2010 and guaranteed by BPI France (formerly COFACE), which enabled Iridium to finance the Iridium® NEXT program. The term loan provides Iridium added financial flexibility to consider shareholder-friendly activities, including share buybacks, dividends and opportunistic strategic investments, coincident with anticipated reductions in net leverage.
Iridium (IRDM) delivered earnings and revenue surprises of 6.67% and 0.84%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
MCLEAN, Va. , Oct. 29, 2019 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the third quarter of 2019 and updated its full-year 2019 ...
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But in contrast you can...
Developed for Iridium's global network and designed to provide the fastest L-band broadband service in the industry, the C700 will deliver up to 352kbps transmission and 704kbps reception speeds through the Iridium Certus platform. Intellian's C700 terminal takes full advantage of the new capabilities made possible by Iridium Certus.
Adrian Steckel, CEO of OneWeb, believes space is a “shared resource” and calls for regulations to level the playing field.
MCLEAN, Va. , Oct. 8, 2019 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, October 29, 2019 at 8:30 a.m. Eastern Time (ET) to discuss ...
Moody's Investors Service (Moody's) affirmed Iridium Communications Inc.'s (Iridium or the Company) B2 Corporate Family Rating (CFR), the B2-PD Probability of Default Rating (PDR) and the Caa1 Senior Unsecured rating, and assigned its wholly owned subsidiary Iridium Satellite LLC's $1.55 billion senior secured first lien credit facilities a B1 rating. The facilities are expected to include a 7-year, $1.45 billion Term Loan B (due 2026) and a 5-year, $100 million Revolving credit facility (due 2024). The $100 million revolving credit will be undrawn at close.
MCLEAN, Va., Oct. 1, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) today announced that it has been awarded a 5-year, indefinite delivery/indefinite quantity (IDIQ) contract from the Defense Information Systems Agency on behalf of the United States Air Force Space Command (AFSpC) with potential revenues up to $76 million. Known as the Gateway Evolution Contract (GEC), this contract enables ongoing innovation and critical enhancements for the U.S. Government's dedicated Iridium gateway. It will enable adoption of the latest technology upgrades, both hardware and software, necessary to address emerging warfighter requirements and to ensure continued operations with the latest state-of-the-art satcom-based capabilities. The GEC is one of a trio of Iridium government gateway related contracts, which also includes the Gateway Maintenance and Support Service contract (GMSS), which is responsible for ensuring day-to-day peak operational performance of the facility, and the Enhanced Mobile Satellite Services Airtime Contract (EMSS), which provides unlimited voice, text and data services to the Department of Defense (DoD) and associated federal government partners through the government gateway. The previous iteration of the GEC was known as the Gateway Modernization Efforts contract (GME) and enabled the U.S. Government to make the investments necessary to take full of advantage of Iridium's now recently completed satellite constellation upgrade campaign, known as Iridium® NEXT.
Today we will run through one way of estimating the intrinsic value of Iridium Communications Inc. (NASDAQ:IRDM) by...
The B1 rating on the USD 1.125 billion of bond debt reflects its pari-passu ranking with the B1 rated USD2.7 billion term loan B and the B1 rated USD700 million of revolving Credit Facility (RCF, due 2024) being issued by the same entities.
MCLEAN, Va. and LONDON, Sept. 17, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) and OneWeb today announced they have entered into a Memorandum of Understanding (MoU) to work together toward a combined service offering. This combined service offering would be designed to make it easier for their mutual partners to offer unique bundling and co-marketing opportunities for the Iridium Certus® L-band services and OneWeb's Ku-band service. The MoU also creates opportunities for companies that manufacture both OneWeb and Iridium CertusTM terminals.
MCLEAN, Va. , Sept. 16, 2019 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that it has been awarded a $738.5 million , seven-year, fixed-price contract with the United States ...
The LT-4200 will be one of the first terminals to support the Iridium Certus 200 service class as Lars Thrane becomes the third Iridium Certus™ maritime terminal manufacturer MCLEAN, Va. , Sept. 12, 2019 ...
Moody's Investors Service ("Moody's") has today assigned a B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to Connect Bidco Limited ('Connect Bidco'), the top-entity of the ring-fenced group that will acquire and ultimately own Inmarsat plc ('Inmarsat') (Connect Bidco Limited is a joint venture company formed by private equity groups Apax and Warburg Pincus alongside Canada's CPPIB and Ontario Teachers' Pension Plan Board). The agency has also assigned B1 ratings to the USD2.7 billion term loan B (due 2026) and USD700 million of revolving Credit Facility (RCF, due 2024) being issued by Connect Finco Sarl and Connect U.S. Finco LLC (a newly formed entity to be a subsidiary of Connect Bidco) in order to pre-fund the acquisition transaction expected to be completed before year-end 2019.
MCLEAN, Va., Sept. 3, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) today announced Thales as the newest Iridium Certus aviation service provider. While already developing the Iridium Certus-based FlytLINK terminal and antenna, Thales will now be able to offer both Iridium Certus terminals and Iridium Certus connectivity services to business jets, commercial aircraft, rotorcraft, general aviation and UAVs. Iridium Certus is the only L-band broadband platform providing truly global connectivity and upon aviation terminal availability, will provide a state-of-the-art solution for two-way flight deck and business cabin communications.
MCLEAN, Va., Aug. 21, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) today announced the first 10 approved beta partners developing new products based on the state-of-the-art Iridium Certus 9770 transceiver. Each partner has received operational beta units, which have been undergoing extensive testing designed to fine-tune both the new transceiver and the first new solutions they will enable in preparation for service activation.