IRDM - Iridium Communications Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
27.00
-2.27 (-7.76%)
At close: 4:00PM EST
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Previous Close29.27
Open28.45
Bid24.12 x 1100
Ask0.00 x 1200
Day's Range27.00 - 28.99
52 Week Range19.70 - 32.08
Volume1,095,373
Avg. Volume732,149
Market Cap3.557B
Beta (5Y Monthly)2.00
PE Ratio (TTM)N/A
EPS (TTM)-1.33
Earnings DateApr 20, 2020 - Apr 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est32.00
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    Telecom Stock Roundup: Verizon's 5G Speed Trial, Nokia's Software Launch & More

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  • Iridium Communications Inc. Just Released Its Yearly Earnings: Here's What Analysts Think
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    Iridium Communications Inc. Just Released Its Yearly Earnings: Here's What Analysts Think

    Iridium Communications Inc. (NASDAQ:IRDM) shares fell 4.2% to US$29.27 in the week since its latest annual results...

  • Iridium Certus® 700 Upgrade Brings the Fastest L-band Speeds to the Industry
    PR Newswire

    Iridium Certus® 700 Upgrade Brings the Fastest L-band Speeds to the Industry

    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 (IRDM) Incurs Wider Loss in Q4, Revenues Rise Y/Y
    Zacks

    Iridium (IRDM) Incurs Wider Loss in Q4, Revenues Rise Y/Y

    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 Communications (IRDM) Reports Q4 Loss, Tops Revenue Estimates
    Zacks

    Iridium Communications (IRDM) Reports Q4 Loss, Tops Revenue Estimates

    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?

  • PR Newswire

    Iridium Completes Milestone Year; Company Announces 2019 Results And Issues 2020 Outlook

    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.

  • ACCESSWIRE

    Iridium Communications, Inc. to Host Earnings Call

    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, ...

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  • PR Newswire

    Iridium to Present at March Investor Conferences

    Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today announced that Chief Financial Officer Thomas Fitzpatrick is scheduled to speak at two investor conferences in March:

  • Does Iridium Communications Inc. (NASDAQ:IRDM) Have A High Beta?
    Simply Wall St.

    Does Iridium Communications Inc. (NASDAQ:IRDM) Have A High Beta?

    If you're interested in Iridium Communications Inc. (NASDAQ:IRDM), then you might want to consider its beta (a measure...

  • Iridium Communications Finally Makes an Upside Breakout
    TheStreet.com

    Iridium Communications Finally Makes an Upside Breakout

    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.

  • PR Newswire

    Iridium Announces Release Date For Fourth-quarter 2019 Financial Results

    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-AWS Collaboration Enables CloudConnect to Go Live
    Zacks

    Iridium-AWS Collaboration Enables CloudConnect to Go Live

    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 CloudConnect Goes Live, Extending IoT on Amazon Web Services Globally
    PR Newswire

    Iridium CloudConnect Goes Live, Extending IoT on Amazon Web Services Globally

    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.

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  • Moody's

    Iridium Communications Inc. -- Moody's assigns B1 Corporate Family Rating to Iridium; affirms B1 senior secured credit facility rating in connection with proposed term loan upsizing and repayment of unsecured notes; outlook positive

    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).

  • Iridium Secures Formal Approval for Global Maritime Service
    Zacks

    Iridium Secures Formal Approval for Global Maritime Service

    The maritime service capabilities will allow Iridium (IRDM) to extend critical service to the growing fleet of ships in the waters of the Arctic and Antarctica.

  • Iridium is Now Formally Authorized to Provide GMDSS Service
    PR Newswire

    Iridium is Now Formally Authorized to Provide GMDSS Service

    Iridium Communications Inc. (NASDAQ: IRDM) announced that on December 19, 2019 a Letter of Compliance was signed by the International Mobile Satellite Organization (IMSO), stating it has positively verified the operational and technical requirements as requested by the Maritime Safety Committee (MSC) of the International Maritime Organization (IMO) for Iridium to provide Global Maritime Distress and Safety System (GMDSS) service. The Letter of Compliance was formally presented to Iridium CEO Matt Desch by the Director General of IMSO, Captain Moin Ahmed, during a ceremony at Iridium's headquarters on the morning of January 13, 2020. The issuance of the letter formally authorizes Iridium to now provide satellite GMDSS service, bringing truly global coverage and a choice of both network and equipment to this critical emergency service for the first time.

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  • Is Iridium Communications Inc.'s (NASDAQ:IRDM) CEO Overpaid Relative To Its Peers?
    Simply Wall St.

    Is Iridium Communications Inc.'s (NASDAQ:IRDM) CEO Overpaid Relative To Its Peers?

    In 2006 Matt Desch was appointed CEO of Iridium Communications Inc. (NASDAQ:IRDM). First, this article will compare...

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  • Hedge Funds Have Never Been This Bullish On Iridium Communications Inc. (IRDM)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Iridium Communications Inc. (IRDM)

    Is Iridium Communications Inc. (NASDAQ:IRDM) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to […]

  • Iridium Continues GMDSS Readiness with Announcement of Launch Partners
    PR Newswire

    Iridium Continues GMDSS Readiness with Announcement of Launch Partners

    Iridium Communications Inc. (NASDAQ: IRDM) today announced the first seven companies it has authorized to provide its Global Maritime Distress and Safety System (GMDSS) services, planned for commercial introduction in the first half of 2020. The seven companies, Arion Communications, AST, Marlink, Marsat, NSSLGlobal, Satcom Global and Speedcast will be the first in the industry to provide truly global satellite GMDSS service to mariners, and the first to offer a new choice in satellite network and equipment. Iridium® GMDSS will be the first to feature all three GMDSS services - safety voice, distress alerting and maritime safety information messaging, as well as being able to utilize Iridium's global voice and data services – all in one cost-effective and compact terminal.

  • Moody's

    Iridium Communications Inc. -- Moody's announces completion of a periodic review of ratings of Iridium Communications Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Iridium Communications Inc. New York, November 22, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Iridium Communications Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Iridium Communications Should Eventually Break Out to the Upside
    TheStreet.com

    Iridium Communications Should Eventually Break Out to the Upside

    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.