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 ...

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]

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MCLEAN, Va., Sept. 3, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) today unveiled Iridium Certus® GMDSS, a generational advancement in maritime safety, compliance, and communication. Building on the powerful capabilities of Iridium Certus technology, Iridium Certus GMDSS features distress alert, safety voice and Maritime Safety Information (MSI), while integrating additional regulated services like Long Range Identification and Tracking (LRIT) and Ship Security Alert System (SSAS). The co ...

STOCKHOLM, Sept. 3, 2024 /PRNewswire/ -- RaySearch Laboratories AB (publ) is pleased to announce that Iridium Network in Belgium has treated its first patient using RaySearch's oncology information system RayCare®* together with a Varian TrueBeam®** linear accelerator. The treatment was successfully carried out on September 2, 2024. Since its establishment in 2006, Iridium Network has grown to become the largest radiotherapy network in Belgium, providing highly specialized radiation oncology for three hospi ...

It has been about a month since the last earnings report for Iridium Communications (IRDM) . Shares have added about 1.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Iridium due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Iridium Q2 Earnings Beat Estimates Ir ...

MCLEAN, Va., Aug. 21, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM) today announced that Thomas J. Fitzpatrick, 66, the Company's Chief Financial Officer (CFO) and Chief Administrative Officer and Bryan J. Hartin, 60, Executive Vice President, Sales and Marketing, plan to retire at year-end. Mr. Fitzpatrick will continue to serve on the Company's Board of Directors after his retirement as CFO. The Company named Vincent O'Neill as its new Chief Financial Officer and Timothy Last as the new ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks S ...