Iridium Communications upgraded by Deutsche Bank with a new price target
$IRDM
Telecommunications Equipment
Telecommunications
Deutsche Bank upgraded Iridium Communications from Hold to Buy and set a new price target of $57.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 10/19/2022 | $48.00 → $45.00 | Overweight → Equal Weight | Barclays |
| 2/22/2022 | $47.00 | Equal Weight → Overweight | Barclays |
| 2/18/2022 | $47.00 → $51.00 | Outperform → Strong Buy | Raymond James |
MCLEAN, Va., Oct. 17, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2024 and updated its full-year 2024 outlook. Net income was $24.4 million, or $0.21 per diluted share, for the third quarter of 2024, as compared to net loss of $1.6 million, or $0.01 per diluted share, for the third quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the third quarter was a record $124.4 million, as compared to $121.3 million for the prior-year period. Net income benefitted from the year-over-year increases in service revenue, engineering and suppor
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. To participate in the teleconference, callers can dial 1-412-902-6740 a
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 the largest ever approved by the Board of Directors, underscoring the strength of Iridium's business.
SCHEDULE 13G/A - Iridium Communications Inc. (0001418819) (Subject)
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10-Q - Iridium Communications Inc. (0001418819) (Filer)
SC 13G/A - Iridium Communications Inc. (0001418819) (Subject)
SC 13G/A - Iridium Communications Inc. (0001418819) (Subject)
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4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
4 - Iridium Communications Inc. (0001418819) (Issuer)
BWS Financial analyst Hamed Khorsand reiterates Iridium Comms (NASDAQ:IRDM) with a Neutral and maintains $30 price target.
Barclays analyst Mathieu Robilliard maintains Iridium Comms (NASDAQ:IRDM) with a Overweight and raises the price target from $44 to $45.
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.
BWS Financial downgraded Iridium Communications from Buy to Neutral and set a new price target of $30.00
William Blair downgraded Iridium Communications from Outperform to Mkt Perform
Deutsche Bank upgraded Iridium Communications from Hold to Buy and set a new price target of $57.00
HOUSTON, Oct. 23, 2024 /PRNewswire/ -- Eutelsat America Corp. and OneWeb Technologies Inc (EACOWT), operating in combination as a wholly owned independent U.S. proxy company and subsidiary of Eutelsat Group, today announced a partnership agreement with Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communications, to provide Iridium Certus® and Iridium® Satellite Time and Location (STL®) services to U.S. government customers. EACOWT will now offer an enhanced GNSS-resilient Low Earth Orbit (LEO) Ku-Band/L-band solution by addin
MCLEAN, Va., Oct. 17, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the third quarter of 2024 and updated its full-year 2024 outlook. Net income was $24.4 million, or $0.21 per diluted share, for the third quarter of 2024, as compared to net loss of $1.6 million, or $0.01 per diluted share, for the third quarter of 2023. Operational EBITDA ("OEBITDA")(1) for the third quarter was a record $124.4 million, as compared to $121.3 million for the prior-year period. Net income benefitted from the year-over-year increases in service revenue, engineering and suppor
MCLEAN, Va., Oct. 15, 2024 /PRNewswire/ -- Iridium Communications Inc. (NASDAQ:IRDM), a leading provider of global voice and data satellite communications, today announced the Space Development Agency (SDA) has awarded the General Dynamics Mission Systems (GDMS) and Iridium team a $491.6 million contract modification in support of its Ground Management and Integration (GMI) program for the Proliferated Warfighter Space Architecture (PWSA). Of this amount, Iridium's share has a value of $239 million over five years. This award follows an initial Operations and Integration Contract award in 2022 to build ground entry points and operations centers and manage network operations and systems integ