The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the tre ...

2024 Guidance Reiterated The company expects cash taxes to remain below $10 million annually through 2026. It aims to reduce net leverage below 4.0 times OEBITDA through 2026 and eventually below 2.0 times by the end of the decade. Iridium currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. BlackBerry's (BB) reported first-quarter fiscal 2025 adjusted adjusted loss per share of 3 cents, narrower than the company's estimate of a loss of 4 ...

Iridium Communications (IRDM 11.27%) stock soared 11.1% through 12:05 p.m. ET Tuesday after the company reported a big earnings beat despite missing slightly on sales this morning. Iridium earnings were terrific, not only beating estimates but reversing the company's year-ago loss of $0.24 per share. True, the company explained that "net income primarily benefited from a year-over-year decrease in depreciation expense associated with the extension of the estimated useful lives of the Company's satellites an ...

• geographic market expansion through the ability to offer our services in additional countries. Nonetheless, we face a number of challenges and uncertainties in operating our business, including: 21 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------|-------|---------|-------------------------------|-------|---------------|------------------|----------------------------------------|--------------------------------------- ...

FOR RELEASE Tuesday, July 23, 2024 Investor Contact: Press Contact: Kenneth Levy Iridium Communications Inc. +1 (703) 287-7570 ken.levy@iridium.com Jordan Hassin Iridium Communications Inc. +1 (703) 287-7421 jordan.hassin@iridium.com Iridium Announces Second-Quarter 2024 Results MCLEAN, Va. – July 23, 2024 – Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the second quarter of 2024 and reiterate ...

MCLEAN, Va., July 10, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that for a second time, its Tempe, Arizona facility has received the James S. Cogswell Outstanding Industrial Security Achievement Award. A distinction presented by the Defense Counterintelligence and Security Association (DCSA) during the annual Society of Industrial Security Professionals (NCMS) training seminar, the award honors compa ...

Company Overview - Iridium Communications Inc. is a leading provider of global voice and data satellite communications, offering a network that spans the entire globe [4] - The company enables real-time connections between people, organizations, and assets, delivering a rich portfolio of reliable solutions for markets requiring global communications [4] Upcoming Financial Results - Iridium will host a conference call on July 23, 2024, at 8:30 a.m. Eastern Time to discuss its second-quarter 2024 financial results [2] - An earnings press release will be issued prior to the call and will be available on the investor relations page of the company's website [2] - Callers can participate by dialing 1-412-902-6740 and should join five minutes early to ensure timely start [2] Webcast and Replay Information - For those unable to attend the live call, a replay of the webcast will be available approximately one hour after the call concludes [3]

Core Insights - Iridium Communications Inc. has announced the expanded commercial availability of its Satellite Time and Location (STL) service, driven by increased international demand for alternative positioning, navigation, and timing (PNT) solutions [8][10] - The STL service is designed to protect critical infrastructure from threats such as GPS jamming and spoofing, which have seen a rise in Europe and parts of Asia [12] Company Overview - Iridium Communications Inc. is a leading provider of global voice and data satellite communications, headquartered in McLean, Virginia, and trades on the Nasdaq under the ticker symbol IRDM [10] - The company recently acquired Satelles, enhancing its capabilities in the satellite communications market [10] Market Expansion - The STL service can now be purchased by companies in North America, Europe, and parts of Asia Pacific, with plans for further geographic expansion as partners scale their sales and support teams [6][8] - Iridium's STL service broadcasts a signal that is 1,000 times more powerful than GPS, making it suitable for indoor use without the need for rooftop antennas [12] Industry Context - The increasing awareness of the importance of GNSS systems in daily life has led to a growing demand for Iridium's STL service, which offers a more secure and resilient alternative to traditional GNSS systems [8][12] - The threats posed by GPS jamming and spoofing are significant for critical infrastructure sectors, including transportation, energy, telecommunications, and financial services, which can benefit from adopting Iridium's STL service [12]

In April 2024, it inked a five-year commercial contract with L3Harris Technologies, wherein Iridium Satellite Time and Location service will be leveraged in more than 36 L3Harris-operated communications network backbone nodes and Federal Aviation Administration facilities across the United States. Iridium Communications (IRDM) recently signed a five-year contract with the United States Space Force's Space Systems Command's Commercial Space Office. The multi-faceted contract is for Enhanced Mobile Satellite ...

MCLEAN, Va., June 4, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced it has been awarded a new five- year contract by the United States Space Force's Space Systems Command's Commercial Space Office (COMSO) for Enhanced Mobile Satellite Services (EMSS) capabilities and security sustainment services (ECS3). In support of the Iridium EMSS program, the ECS3 contract will ensure continued optimal operations of ...