A downtrend has been apparent in Iridium Communications (IRDM) lately with too much selling pressure. The stock has declined 17.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicato ...

Iridium Communications (IRDM) announced the acquisition of a leading provider of secure satellite-based time and location services — Satelles. The acquisition aligns with Iridium's strategy of investing in advanced technologies that excel within its network.The satellite-based time and location service is called Satellite Time and Location (STL). This service enhances the reliability and security of timing systems for digital infrastructure such as 5G base stations and data centers, safeguarding against vul ...

Iridium's advanced portfolio of easily integrated assured PNT solutions will protect global industries and digital critical infrastructureMCLEAN, Va., March 4, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that it had entered into an agreement to acquire Satelles, Inc., the leader in highly secure satellite-based time and location services that complement and protect GPS and other GNSS-reliant systems. T ...

MCLEAN, Va., Feb. 28, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ: IRDM), a leading provider of global voice and data satellite communications, today announced that the Republic of Korea (ROK) Ministry of Defense (MOD) has adopted Iridium® connectivity for strategic use within its military operations. The ROK Army will leverage a full suite of Iridium products and services to enhance operations, including real-time position tracking capabilities for soldiers. SAT-PRE by Arion Iridium servic ...

Iridium Communications (IRDM) has been on a downward spiral lately with significant selling pressure. After declining 22.2% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting wh ...

Iridium Communications (IRDM) reported earnings per share (EPS) of 30 cents for fourth-quarter 2023, which beat the Zacks Consensus Estimate of earnings of 3 cents. The company reported a loss of 1 cent in the prior-year quarter.Management noted that earnings benefited due to an increase in tax benefits and continued growth in total commercial services. Additionally, the company's expected satellite useful lifetimes have changed, which has resulted in a year-over-year decrease in depreciation expense.Quarte ...

Iridium Communications, Inc. (NASDAQ:IRDM) Q4 2023 Earnings Conference Call February 15, 2024 8:30 AM ET Company Participants Ken Levy - VP, IR Matt Desch - CEO Tom Fitzpatrick - CFO Conference Call Participants Ric Prentiss - Raymond James Simon Flannery - Morgan Stanley Walter Piecyk - LightShed Edison Yu - Deutsche Bank Chris Quilty - Quilty Space Louie DiPalma - William Blair Hamed Khorsand - BWS Financial Operator Good morning and welcome to the Iridium Fourth Quarter 2023 Earnings Conference Call. All ...

Iridium Communications (IRDM) reported $194.74 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.5%. EPS of $0.30 for the same period compares to -$0.01 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $193.25 million, representing a surprise of +0.77%. The company delivered an EPS surprise of +900.00%, with the consensus EPS estimate being $0.03.While investors closely watch year-over-year changes in headline numbers -- revenue an ...

Iridium Communications (IRDM) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 900%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.03 per share when it actually produced a loss of $0.01, delivering a surprise of -133.33%.Over the last four quart ...

2 IRIDIUM PROPRIETARY BUSINESS INFORMATION Reconciliation of GAAP Net Income to OEBITDA | --- | --- | --- | |--------------------------------|-------|---------| | ($ Millions) | 2022 | 2023 | | GAAP Net Income | $ 9 | $ 6 | | Interest Expense, Net | $ 65 | $ 90 | | Income Tax Benefit | $ 0 | ( $ 16) | | Depreciation & Amortization | $ 303 | $ 320 | | Iridium NEXT Expenses, net | $ 0 | $ 0 | | Share-based Compensation | $ 44 | $ 57 | | Loss on Extinguishment of Debt | $ 1 | $ 0 | | Loss on Equity Investments ...