Iridium Communications downgraded by William Blair
$IRDM
Telecommunications Equipment
Telecommunications
William Blair downgraded Iridium Communications from Outperform to Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/5/2025 | $34.00 | Outperform | Oppenheimer |
| 4/22/2025 | Mkt Perform → Outperform | William Blair | |
| 1/24/2025 | $40.00 | Overweight | Cantor Fitzgerald |
| 2/16/2024 | $30.00 | Buy → Neutral | BWS Financial |
| 2/15/2024 | Outperform → Mkt Perform | William Blair | |
| 9/18/2023 | $57.00 | Hold → Buy | Deutsche Bank |
| 7/27/2023 | $66.00 → $65.00 | Equal Weight → Overweight | Barclays |
| 6/22/2023 | $61.00 | Hold | Deutsche Bank |
MCLEAN, Va., July 24, 2025 /PRNewswire/ -- 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 2025 and updated its full-year 2025 outlook. Net income was $22.0 million, or $0.20 per diluted share, for the second quarter of 2025, as compared to net income of $32.3 million, or $0.27 per diluted share, for the second quarter of 2024. The decrease in net income was primarily the result of a one-time $19.8 million gain related to the acquisition of Satelles, Inc. recognized in the second quarter of 2024, which did not reoccur in 2025. Operational EBITDA ("OEBITDA")(
MCLEAN, Va., July 3, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, July 24, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's second-quarter 2025 financial results. In advance of the call on July 24, 2025, Iridium will issue its second-quarter 2025 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start time t
MCLEAN, Va., June 17, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communications, today announced the appointment of Monique Shivanandan to its Board of Directors, effective today. Shivanandan has served as Group Chief Data & Analytics Officer at HSBC Holdings plc, a multinational financial services company, since May 2023, having previously served as Chief Information Security Officer at HSBC since July 2020. She served as a group Chief Information Officer at the Chubb Group of Insurance Companies from
4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
10-Q - Iridium Communications Inc. (0001418819) (Filer)
8-K - Iridium Communications Inc. (0001418819) (Filer)
SCHEDULE 13D/A - Iridium Communications Inc. (0001418819) (Subject)
Oppenheimer initiated coverage of Iridium Communications with a rating of Outperform and set a new price target of $34.00
William Blair upgraded Iridium Communications from Mkt Perform to Outperform
Cantor Fitzgerald initiated coverage of Iridium Communications with a rating of Overweight and set a new price target of $40.00
4 - Iridium Communications Inc. (0001418819) (Issuer)
SC 13G/A - Iridium Communications Inc. (0001418819) (Subject)
SC 13G/A - Iridium Communications Inc. (0001418819) (Subject)
SC 13G/A - Iridium Communications Inc. (0001418819) (Subject)
MCLEAN, Va., June 17, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communications, today announced the appointment of Monique Shivanandan to its Board of Directors, effective today. Shivanandan has served as Group Chief Data & Analytics Officer at HSBC Holdings plc, a multinational financial services company, since May 2023, having previously served as Chief Information Security Officer at HSBC since July 2020. She served as a group Chief Information Officer at the Chubb Group of Insurance Companies from
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 Executive Vice President, Sales and Marketing, each to be effective January 1, 2025.
MCLEAN, Va., July 24, 2025 /PRNewswire/ -- 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 2025 and updated its full-year 2025 outlook. Net income was $22.0 million, or $0.20 per diluted share, for the second quarter of 2025, as compared to net income of $32.3 million, or $0.27 per diluted share, for the second quarter of 2024. The decrease in net income was primarily the result of a one-time $19.8 million gain related to the acquisition of Satelles, Inc. recognized in the second quarter of 2024, which did not reoccur in 2025. Operational EBITDA ("OEBITDA")(
MCLEAN, Va., July 3, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Thursday, July 24, 2025 at 8:30 a.m. Eastern Time (ET) to discuss the Company's second-quarter 2025 financial results. In advance of the call on July 24, 2025, Iridium will issue its second-quarter 2025 earnings press release, which will be available on the investor relations page of the Company's website. To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call. Please dial in five minutes prior to the scheduled start time t
MCLEAN, Va., April 22, 2025 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2025 and reiterated its full-year 2025 outlook. Net income was $30.4 million, or $0.27 per diluted share, for the first quarter of 2025, as compared to net income of $19.7 million, or $0.16 per diluted share, for the first quarter of 2024. Operational EBITDA ("OEBITDA")(1) for the first quarter was $122.1 million, as compared to $115.0 million for the prior-year period, representing a year-over-year increase of 6%.