Iridium CommunicationsIRDM
Market Cap: $3.24B
About: Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world. The Company operates in one business segment, providing global satellite communications services and products.
Employees: 760
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
271% more call options, than puts
Call options by funds: $37.8M | Put options by funds: $10.2M
38% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 40
5% more funds holding
Funds holding: 325 [Q1] → 340 (+15) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
1% less capital invested
Capital invested by funds: $2.71B [Q1] → $2.7B (-$14.1M) [Q2]
1.04% less ownership
Funds ownership: 84.42% [Q1] → 83.38% (-1.04%) [Q2]
12% less repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 130
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
BWS Financial Hamed Khorsand 59% 1-year accuracy 40 / 68 met price target | 10%upside $30 | Neutral Reiterated | 24 Jul 2024 |
Barclays Mathieu Robilliard 25% 1-year accuracy 1 / 4 met price target | 64%upside $45 | Overweight Maintained | 24 Jul 2024 |
Financial journalist opinion
Based on 9 articles about IRDM published over the past 30 days