One company that I have a really solid track record with is satellite owner and operator Iridium Communications (NASDAQ: IRDM ). For the most part, from my first article about the company in July of 2015 Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, ...

Iridium Communications Inc (IRDM) stock has gained 21% in the past six months compared with the S&P 500 composite's growth of 9.9%. IRDM stock gained 1.9% in the last trading session and closed at $31.02. IRDM is trading 31.2% below its 52-week high of $45.07, reached on Oct. 5, 2023. The stock had a dreary run on the trading front for most of the year. Recent developments, including a new stock buyback program and the launch of new services like Iridium NTN Direct, along with improving quarterly numbers, h ...

Core Viewpoint - Iridium Communications Inc. has partnered with Satcom Direct Brasil and MRS Logística to implement Iridium Certus satellite connectivity on MRS Logística's railway network in Brazil, enhancing real-time communication and operational efficiency in freight transport [1][6]. Group 1: Implementation and Technology - The Iridium Certus 700 service will facilitate real-time communication between train drivers and operation centers, improving logistical processes [1]. - The Thales MissionLINK 700 equipment, installed on MRS Logística's locomotives, provides a secure data link of up to 704 Kbps, essential for rail traffic management [4]. - The technology allows for precise train location management, which increases operational efficiency and safety by reducing the distance between trains [5][6]. Group 2: Operational Impact - MRS Logística's railway network is vital for the Brazilian economy, transporting nearly 20% of all Brazilian exports and a third of the country's railway cargo [6]. - The implementation of Iridium Certus is expected to enhance the number of trips and reduce accidents, representing a significant operational gain [4][5]. - The reliable communication enabled by Iridium's low Earth orbit satellite network ensures better coverage and connectivity compared to competitors, even in adverse weather conditions [6][7]. Group 3: Future Prospects - MRS Logística aims to lead in adopting innovative technologies for critical railway operations, enhancing safety and efficiency through the use of Iridium's satellite services [7]. - The Thales MissionLINK 700 also supports additional functionalities such as internet access, telemetry for maintenance, and voice calls, further improving operational capabilities [7].

MCLEAN, Va., Sept. 30, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, October 17, 2024 at 8:30 a.m. Eastern Time (ET) to discuss the Company's third-quarter 2024 financial results. In advance of the call on October 17, 2024, Iridium will issue its third-quarter 2024 earnings press release, which will be available on the investor relations page of the Company's website. ...

Iridium will use a stock buyback program to turn its single-digit growth rate into a double-digit growth rate. Iridium Communications (IRDM 3.30%) stock is in the dumps. Down 37% in 52 weeks, the satellite communications stock enjoyed a modest revival in July after beating on second-quarter earnings, and promising to maintain -- or even slightly accelerate -- its Q2 rate of 4% sales growth through the end of this year. At the time, I suggested that Iridium stock looked inexpensive at a price-to-free cash fl ...

Iridium Communications Inc. (IRDM) recently announced its fourth stock repurchase authorization in four years. The latest $500 million authorization, approved by its board of directors, is the largest in the company's history. It extends the total buyback authorization to $1.5 billion through Dec. 31, 2027. Iridium's stock repurchase program began in February 2021 with an initial authorization of $300 million. This was followed by another $300 million in March 2022 and $400 million in July 2023. The executi ...

Core Insights - Iridium Communications Inc. has authorized an additional $500 million stock repurchase program, bringing the total to $1.5 billion over the past four years, highlighting the company's strong business performance [1][2][3] Stock Repurchase Program - The new $500 million authorization is the largest in the company's history, following previous authorizations of $300 million in February 2021, $300 million in March 2022, and $400 million in July 2023 [2] - The repurchase program aims to maximize return on investment for shareholders, with a target net leverage below 4.0 times through 2026 and below 2.0 times operational EBITDA by the end of the decade [2] Financial Performance and Strategy - Following the completion of the Iridium® NEXT program, the company has started generating significant free cash flow and has committed to shareholder-friendly activities, returning over $1 billion through share repurchases and dividends in recent years [3] - The Board of Directors has the flexibility to adjust the repurchase timeframe, with transactions occurring on the open market or through negotiated deals [3] Company Overview - Iridium Communications Inc. operates the only mobile voice and data satellite communications network that provides global coverage, enabling real-time connections for various markets [4] - In 2024, the company acquired Satelles, Inc. and launched the Iridium Satellite Time and Location service, further expanding its service offerings [4]

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to research reports, and stock screens [1][8] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - Stocks are rated based on value, growth, and momentum characteristics, with scores ranging from A to F, where A indicates the highest potential for outperformance [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [4][5] Value Score - The Value Score targets investors looking for undervalued stocks, utilizing financial ratios such as P/E, PEG, and Price/Sales to identify attractive investment opportunities [3] Growth Score - The Growth Score emphasizes a company's future earnings potential and financial health, analyzing historical and projected earnings, sales, and cash flow [4] Momentum Score - The Momentum Score is designed for traders who capitalize on price trends, using factors like recent price changes and earnings estimate revisions to identify high-momentum stocks [4] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who want to consider value, growth, and momentum simultaneously [5] Zacks Rank and Performance - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7] Stock Highlight: Iridium Communications (IRDM) - Iridium Communications, a satellite communications company, is currently rated 3 (Hold) with a VGM Score of B, indicating potential for growth [11] - The company is projected to experience a remarkable year-over-year earnings growth of 575% for the current fiscal year, supported by recent upward revisions in earnings estimates [12] - With a solid Zacks Rank and strong Growth and VGM Style Scores, Iridium Communications is recommended for investors seeking growth opportunities [13]

MCLEAN, Va., Sept. 10, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today announced that Company executives will participate in fall investor conferences: The Deutsche Bank 32nd Annual Leveraged Finance Conference on Tuesday, September 24, 2024 at 2:20 p.m. ET. The 6th Annual Needham Virtual Infrastructure, Data Analytics Software & Cloud Communications Conference on Wednesday, November 20, 2024. The Deutsc ...

Core Insights - Iridium Communications Inc. (IRDM) has launched Iridium Certus GMDSS, enhancing maritime safety, compliance, and communication standards [1][2] - The maritime industry is facing increasing demands for effective communication and safety, making Iridium Certus GMDSS a timely solution [2] - The new system integrates various safety features, providing a unified communication solution for the maritime sector [3][4] Company Overview - Iridium Communications is a leading provider of mobile voice and data satellite communications, serving various industries including maritime, aviation, and emergency services [5] - The company has a strong global presence and partners with both governmental and non-governmental organizations [5] Financial Performance - In Q2 2024, Iridium's total service revenues increased by 5% year-over-year to $152.5 million, driven by a growing subscriber base [6] - The engineering and support service revenues surged by 25% due to lucrative contracts with the U.S. government [7] - Commercial services accounted for 62.6% of total revenues in Q2, generating $126 million, reflecting a 6% increase from the previous year [8]