Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Iridium Communications Inc Market Cap
The Iridium Communications Inc (IRDM) share price is expected to increase by 31.32% over the next year. This is based on calculating the average 12-month share price estimate provided by 7 stock analysts who have covered IRDM. Price targets range from $30 at the low end to $50 at the high end. The current analyst consensus for IRDM is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Iridium Communications Inc has a total of 7 Wall St Analyst ratings. There are 5 buy ratings, 2 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Iridium Communications Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of IRDM.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Hamed Khorsand BWS Financial | Neutral | $30 | Maintains | Oct 21, 2024 |
| Hamed Khorsand BWS Financial | Neutral | $30 | Reiterates | Jul 24, 2024 |
| Mathieu Robilliard Barclays | Overweight | $45 | Maintains | Jul 24, 2024 |
| Mathieu Robilliard Barclays | Overweight | $44 | Maintains | Apr 26, 2024 |
| Hamed Khorsand BWS Financial | Neutral | $30 | Maintains | Apr 22, 2024 |
| Mathieu Robilliard Barclays | Overweight | $42 | Maintains | Feb 23, 2024 |
| Ric Prentiss Raymond James | Strong Buy | $48 | Maintains | Feb 16, 2024 |
| Hamed Khorsand BWS Financial | Hold | $30 | Downgrade | Feb 16, 2024 |
| Walter Piecyk LightShed Partners | Neutral | Downgrade | Feb 15, 2024 | |
| Ric Prentiss Raymond James | Strong Buy | $53 | Maintains | Nov 10, 2023 |
| Ric Prentiss Raymond James | Strong Buy | $58 | Maintains | Oct 20, 2023 |
| Edison Yu Deutsche Bank | Buy | $57 | Upgrade | Sep 18, 2023 |
Raymond James | Strong Buy | Maintains | Aug 23, 2023 | |
Barclays | Overweight | Upgrade | Jul 27, 2023 | |
Raymond James | Strong Buy | Maintains | Jul 26, 2023 | |
Barclays | Equal-Weight | Maintains | Jul 21, 2023 | |
| Edison Yu Deutsche Bank | Hold | $61 | Initiates | Jun 22, 2023 |
| Landon Park Morgan Stanley | Overweight | $72 | Maintains | Apr 21, 2023 |
| Ric Prentiss Raymond James | Strong Buy | $76 | Maintains | Apr 21, 2023 |
| Ric Prentiss Raymond James | Strong Buy | $71 | Maintains | Feb 17, 2023 |
When did it IPO
2008
Staff Count
760
Country
United States
Sector/Industry
Communication Services/Telecom Services
CEO
Mr. Matthew J. Desch
Market Cap
$3.53B
In 2023, IRDM generated $790.7M in revenue, which was a increase of 9.67% from the previous year. This can be seen as a signal that IRDM's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 21 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Globalstar, Iridium, and Telesat are positioned for growth due to the rising availability and affordability of space technology, benefiting the satellite and communication industry.
Why It Matters - Rising demand for space technology can boost revenue and growth for companies like GSAT, IRDM, and TSAT, enhancing their market positions and investment potential.
Thu, 24 Oct 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - Iridium Communications, Eutelsat America, and OneWeb Technologies have partnered to provide Iridium Certus and STL services to U.S. government clients via Space Force contracts.
Why It Matters - The partnership enhances Iridium's revenue potential by expanding its government client base, signaling growth opportunities that may positively impact stock performance.
Wed, 23 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Eutelsat America Corp. and OneWeb Technologies have partnered with Iridium Communications to enhance satellite services for U.S. government customers, adding Iridium Certus and STL offerings.
Why It Matters - The partnership enhances Eutelsat's offerings for U.S. government contracts, potentially increasing revenue and market share in the satellite communications sector.
Fri, 18 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - IRDM reports strong Q3 performance driven by revenue growth in commercial services and government engineering, along with an expanding subscriber base.
Why It Matters - Strong revenue growth in key sectors and an expanding subscriber base indicate IRDM's robust performance, suggesting potential for continued profitability and increased shareholder value.
Thu, 17 Oct 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Iridium Communications Inc. (NASDAQ:IRDM) will hold its Q3 2024 earnings call on October 17, 2024, at 8:30 AM ET, featuring key company executives and analysts from major firms.
Why It Matters - Iridium's Q3 2024 results may reveal financial performance and strategic direction, impacting stock valuation and investor sentiment in the communications sector.
Thu, 17 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Iridium Communications Inc. reported its Q3 2024 financial results and provided an updated outlook for the full year 2024. Further details can be found in their official release.
Why It Matters - Iridium's Q3 financial results and updated outlook signal performance trends and future growth potential, directly influencing stock valuation and investor sentiment.
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