Wall Street analysts expect Iridium Communications (IRDM) to post quarterly earnings of $0.20 per share in its upcoming report, which indicates a year-over-year increase of 2100%. Revenues are expected to be $205.68 million, up 4.1% from the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Ahead of a compa ...

MCLEAN, Va., Oct. 9, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced its collaboration with Nordic Semiconductor for early integration of its Iridium NTN Direct℠ service into Nordic's LTE-M/NB-IoT modules and chipsets. Nordic Semiconductor is a global leader in low power wireless connectivity solutions including cellular IoT (LTE-M, NB-IoT), Wi-Fi, Bluetooth LE, and Thread and is trusted by world leading b ...

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 ...

Iridium Communications Inc. (IRDM) has joined forces with Satcom Direct Brasil and MRS Logística S.A. to deploy cutting-edge satellite connectivity across the MRS Logística railway network. Through this association, MRS has become the first railway operator in Brazil to adopt the Iridium Certus 700 service for real-time communication between train drivers and operation centers. Railway operation centers need to stay in touch with locomotive operators to coordinate movements, ensure safety and manage traffic ...

Satcom Direct Brasil and MRS Logística are deploying Iridium Certus terminals for reliable positive train control and essential rail line interoperability MCLEAN, Va., Oct. 1, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that Satcom Direct Brasil, a distributor of critical telecommunications services, and MRS Logística S.A., a freight train operator, have implemented Iridium Certus® satellite connectivi ...

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 ...

MCLEAN, Va., Sept. 19, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice and data satellite communications, today announced that its Board of Directors has authorized the repurchase of an additional $500 million of Iridium common stock through December 31, 2027. This is the fourth stock repurchase authorization from the Board of Directors in the past four years and brings the total value of the program to $1.5 billion. This $500 million authorization is also ...