|Bid||21.36 x 800|
|Ask||21.80 x 1400|
|Day's Range||21.10 - 22.22|
|52 Week Range||16.87 - 32.08|
|Beta (5Y Monthly)||1.70|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 20, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.00|
Iridium (IRDM) operates the world's largest commercial constellation with a mesh architecture of 66 operational Low-Earth Orbit satellites to route traffic using radio frequency crosslinks.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Intelsat (I) partners with SpaceX to launch its high-throughput geostationary satellite, IS-40e, for the deployment of broadband and managed services.
COO Gwynne Shotwell said she's not thinking about an IPO of SpaceX's Starlink satellite business right now, echoing earlier remarks from CEO Elon Musk.
Iridium (IRDM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
An exciting growth area that has captured investor interest lately, as evidenced by some of the stock action we've seen in companies related to the sector, is space. Even the U.S. government has focused on putting more money into space, asserts Eddy Elfenbein, editor of Growth Stock Advisor.
While Verizon (VZ) conducts a trial to check the efficacy and viability of its 5G Ultra Wideband network, Nokia (NOK) introduces two new cloud-native software applications to help carriers migrate toward automated 5G network operations.
Iridium Communications Inc. (NASDAQ:IRDM) shares fell 4.2% to US$29.27 in the week since its latest annual results...
Iridium Communications Inc. (NASDAQ: IRDM) announced today that the Iridium Certus 700 service is commercially available and is providing the fastest L-band speeds in the industry. When first launched in early 2019, Iridium Certus provided L-band upload and download speeds of up to 352 kbps. With the upgrade to Iridium Certus 700, provided at no additional cost to Iridium Certus 350 subscribers, top download speeds have now doubled to up to 704 kbps. That is more than 270 kbps faster than the top download speed of the closest competitive L-band solution, for the same price per kilobit as Iridium Certus 350.
Iridium's (IRDM) fourth-quarter results reflect momentum in service revenues backed by higher broadband usage and accretive subscriber base in commercial and government solutions.
Iridium (IRDM) delivered earnings and revenue surprises of 16.67% and 0.12%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the fourth quarter of 2019 and issued its full-year 2020 guidance. Net loss was $107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019, as compared to net loss of $7.6 million, or $0.09 per diluted share, for the fourth quarter of 2018. This increase in net loss was primarily the result of debt extinguishment costs associated with Iridium's refinancing, as well as higher interest expense and depreciation and amortization expense related to the completion of the Iridium® NEXT program. Operational EBITDA ("OEBITDA")(1) for the fourth quarter was $80.1 million, as compared to $75.5 million for the prior-year period, representing a year-over-year increase of 6% and an OEBITDA margin(1) of 58%. OEBITDA primarily benefitted from higher government service revenue and strong growth in commercial IoT.
NEW YORK, NY / ACCESSWIRE / February 25, 2020 / Iridium Communications, Inc. (NASDAQ:IRDM) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on February 25, ...
Elon Musk’s plan to spin off his Starlink satellite project has serious problems, but the market is unlikely to care Continue reading...
Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today announced that Chief Financial Officer Thomas Fitzpatrick is scheduled to speak at two investor conferences in March:
If you're interested in Iridium Communications Inc. (NASDAQ:IRDM), then you might want to consider its beta (a measure...
Prices pulled back to the $21-$20 area twice but since the October low the price movement is different. IRDM just pushed up to a new high with the On-Balance-Volume (OBV) line turning up and the Moving Average Convergence Divergence (MACD) oscillator is also turning positive. The weekly OBV line is at a new high and the MACD oscillator is in a bullish mode.
Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, February 25, 2020 at 8:30 a.m. Eastern Time (ET) to discuss the Company's fourth-quarter 2019 financial results. In advance of the call on February 25, 2020, Iridium will issue its fourth-quarter 2019 earnings press release, which will be available at http://www.iridium.com. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start time to help ensure the conference call begins in a timely manner. The conference call will also be simultaneously webcast at http://www.iridium.com.
Iridium (IRDM) teams up with Amazon Web Services to deploy its much-acclaimed satellite cloud-based solution, CloudConnect, to enhance the terrestrial coverage of IoT applications among users.
Iridium Communications Inc. (NASDAQ: IRDM) announced today that Iridium CloudConnect, the first and only satellite cloud-based solution offering truly global coverage for Internet of Things (IoT) applications, is now actively serving customers. This new service combines Iridium® IoT capabilities with Amazon Web Services (AWS) IoT and cloud services extending customers' IoT reach to the more than 80 percent of the Earth that lacks terrestrial coverage.
Moody's Investors Service ("Moody's") assigned a B1 Corporate Family Rating (CFR) to Iridium Satellite LLC (Iridium or the Company), as well as a B1-PD Probability of Default (PDR), and SGL-1 Speculative Grade Liquidity (SGL) in connection with the proposed term loan upsizing and expected repayment of unsecured notes. Moody's affirmed the B1 rating on the upsized $1.75 billion senior secured first lien credit facilities. Iridium's credit facility consists of a 7-year, $1.65 billion Term Loan B (due 2026) following the proposed $200 million upsize, and a 5-year, $100 million Revolving credit facility (due 2024).