IRDM - Iridium Communications Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
24.02
-0.21 (-0.87%)
At close: 4:00PM EDT

23.98 -0.04 (-0.17%)
After hours: 7:02PM EDT

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Previous Close24.23
Open24.24
Bid24.00 x 1400
Ask23.98 x 1200
Day's Range23.84 - 24.35
52 Week Range16.64 - 28.24
Volume458,074
Avg. Volume861,163
Market Cap3.142B
Beta (3Y Monthly)1.85
PE Ratio (TTM)N/A
EPS (TTM)-0.57
Earnings DateOct 29, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est29.63
Trade prices are not sourced from all markets
  • Iridium Adds Industry Powerhouse Intellian to Iridium Certus® Maritime Portfolio
    PR Newswire

    Iridium Adds Industry Powerhouse Intellian to Iridium Certus® Maritime Portfolio

    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.

  • Space startup CEO: 'You need regulation' of space — there isn't 'a cop up there'
    Yahoo Finance

    Space startup CEO: 'You need regulation' of space — there isn't 'a cop up there'

    Adrian Steckel, CEO of OneWeb, believes space is a “shared resource” and calls for regulations to level the playing field.

  • Iridium (IRDM) Catches Eye: Stock Jumps 7.4%
    Zacks

    Iridium (IRDM) Catches Eye: Stock Jumps 7.4%

    Iridium (IRDM) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.

  • TheStreet.com

    Iridium Rockets After Analyst Boosts Satellite Contractor

    The downturn in the satellite communications contractor's stock has gone too far, a Sidoti analyst contends.

  • PR Newswire

    Iridium Announces Release Date For Third-Quarter 2019 Financial Results

    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

    Iridium Communications Inc. -- Moody's assigned B1 to Iridium's new $1.55 billion Bank Credit Facility on refinancing; outlook stable

    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.

  • PR Newswire

    U.S. Department of Defense Awards Iridium 5-Year Gateway Evolution Contract Worth Up to $76 Million

    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.

  • Are Investors Undervaluing Iridium Communications Inc. (NASDAQ:IRDM) By 41%?
    Simply Wall St.

    Are Investors Undervaluing Iridium Communications Inc. (NASDAQ:IRDM) By 41%?

    Today we will run through one way of estimating the intrinsic value of Iridium Communications Inc. (NASDAQ:IRDM) by...

  • Moody's

    Connect Finco Sarl -- Moody's assigns B1 rating to the secured notes issued by Connect Finco & Connect U.S. Finco

    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.

  • Iridium and OneWeb to Collaborate on a Global Satellite Services Offering
    PR Newswire

    Iridium and OneWeb to Collaborate on a Global Satellite Services Offering

    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.

  • PR Newswire

    Iridium Awarded 7-Year, $738.5 Million Contract by the U.S. Department of Defense

    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 ...

  • Top Ranked Momentum Stocks to Buy for September 13th
    Zacks

    Top Ranked Momentum Stocks to Buy for September 13th

    Top Ranked Momentum Stocks to Buy for September 13th

  • Iridium Communications (IRDM) Is Up 3.1% in One Week: What You Should Know
    Zacks

    Iridium Communications (IRDM) Is Up 3.1% in One Week: What You Should Know

    Does Iridium Communications (IRDM) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • PR Newswire

    Lars Thrane Makes its Iridium Certus® Debut with the LT-4200 Maritime Satcom System

    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

    Connect Bidco Limited -- Moody's assigns B1 CFR to Connect Bidco Limited; Rating outlook is stable

    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.

  • Iridium and Thales Expand Partnership to Deliver Aircraft Connectivity Services
    PR Newswire

    Iridium and Thales Expand Partnership to Deliver Aircraft Connectivity Services

    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.

  • New Iridium Certus™ Transceiver for Faster Satellite IoT, Data and High Quality Voice Applications Now in Live Testing
    PR Newswire

    New Iridium Certus™ Transceiver for Faster Satellite IoT, Data and High Quality Voice Applications Now in Live Testing

    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.

  • Baron Funds' Top 5 Buys in the 2nd Quarter
    GuruFocus.com

    Baron Funds' Top 5 Buys in the 2nd Quarter

    Fund founder Ron Baron remains invested despite high market volatility Continue reading...

  • Intelsat to Enhance Central Africa's Network Capabilities
    Zacks

    Intelsat to Enhance Central Africa's Network Capabilities

    Per the deal with Stratosat Datacom , Intelsat S.A. (I) will provide high-speed broadband services for seamless Internet and Virtual Private Networking connectivity across the region.

  • Iridium Communications (NASDAQ:IRDM) Use Of Debt Could Be Considered Risky
    Simply Wall St.

    Iridium Communications (NASDAQ:IRDM) Use Of Debt Could Be Considered Risky

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • GuruFocus.com

    Ron Baron Comments on Iridium Communications

    Guru stock highlight Continue reading...

  • GuruFocus.com

    Ron Baron's Baron Growth Fund Shareholder 2nd Quarter Shareholder Letter

    Discussion of markets and holdings Continue reading...

  • PR Newswire

    IMOCA Appoints Iridium its Official Communications Partner

    MCLEAN, Va., July 30, 2019 /PRNewswire/ -- Iridium Communications Inc. (IRDM) announced today that the International Monohull Open Class Association (IMOCA), has named Iridium as their Official Communications Partner for the 2019-2021 race season.  IMOCA has also chosen Thales as its partner and sole provider of Iridium Certus L-band broadband equipment and will equip the IMOCA racing fleet with their VesseLINK connectivity solution. From June 2019 to June 2021, IMOCA race teams will rely upon Iridium Certus® as their primary means of satellite communication.

  • Forget SpaceX; Iridium Communications Is Already Delivering Next-Gen Satellite Internet
    Motley Fool

    Forget SpaceX; Iridium Communications Is Already Delivering Next-Gen Satellite Internet

    The company notched another share price advance after reporting on Q2 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of IRDM earnings conference call or presentation 23-Jul-19 12:30pm GMT

    Q2 2019 Iridium Communications Inc Earnings Call